Dynex Capital with ticker code (DX) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 17.5 and 16 with the average target price sitting at 16.88. Now with the previous closing price of 15.49 this indicates there is a potential upside of 9.0%. The 50 day moving average now sits at 15.59 while the 200 day moving average is 14.18. The market cap for the company is $361m. Visit the company website at: 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.