Dynex Capital found using ticker (DX) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 17 and 14.5 and has a mean target at 15.88. Now with the previous closing price of 15.16 this would imply there is a potential upside of 4.7%. The 50 day moving average now sits at 14.59 and the 200 day MA is 14.66. The market capitalisation for the company is $349m. Company Website: 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 corporate 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.