Dynex Capital with ticker code (DX) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 17 and 13.5 with the average target price sitting at 15.5. Now with the previous closing price of 11.68 this would imply there is a potential upside of 32.7%. The 50 day moving average now sits at 14.04 and the 200 moving average now moves to 15.56. The company has a market capitalisation of $488m. Visit the company website at: https://www.dynexcapital.com
The potential market cap would be $648m 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.
