Dynex Capital found using ticker (DX) now have 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 19 and 16.5 with the average target price sitting at 17.75. Given that the stocks previous close was at 15.92 this now indicates there is a potential upside of 11.5%. The day 50 moving average is 15.91 and the 200 moving average now moves to 16.52. The market capitalisation for the company is $661m. You can visit the company’s website by visiting: https://www.dynexcapital.com
The potential market cap would be $737m based on the market concensus.
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. The company was incorporated in 1987 and is headquartered in Glen Allen, Virginia.
