Dynex Capital with ticker code (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 a mean TP of 17.45. With the stocks previous close at 16.55 this would imply there is a potential upside of 5.4%. The day 50 moving average is 15.98 and the 200 moving average now moves to 16.46. The company has a market cap of $659m. Company Website: https://www.dynexcapital.com
The potential market cap would be $695m 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.
