Dynex Capital, Inc. 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 16 and 15 with the average target price sitting at 15.45. Given that the stocks previous close was at 14.62 this indicates there is a potential upside of 5.7%. There is a 50 day moving average of 13.58 and the 200 day moving average is 14.5. The market cap for the company is $762m. Company Website: https://www.dynexcapital.com
The potential market cap would be $805m based on the market concensus.
Dynex Capital, Inc., 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.
