Dynex Capital – Consensus Indicates Potential 12.8% Upside

Broker Ratings

Dynex Capital with ticker code (DX) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 21.5 and 18.5 with a mean TP of 19.7. Given that the stocks previous close was at 17.47 this would imply there is a potential upside of 12.8%. There is a 50 day moving average of 17.58 and the 200 day moving average is 18.69. The market cap for the company is $607m. You can visit the company’s website by visiting: http://www.dynexcapital.com

Dynex Capital, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Non-Agency MBS have no such guaranty of payment. The company has qualified as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. Dynex Capital was founded in 1987 and is headquartered in Glen Allen, Virginia.

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