Dynex Capital, Inc. with ticker code (DX) have now 5 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 16 and 15 suggesting an average Analsyt target price of $15.45. Given that the stocks previous close was at $11.95 this would indicate that there is a potential upside of 29.3%. The 50 day MA is $12.74 and the 200 day MA is $13.73. The company has a market cap of $648m. You can visit the company’s website by visiting: https://www.dynexcapital.com
The potential market cap would be $838m based on the market consensus.
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 as dividends. Dynex Capital, Inc. was incorporated in 1987 and is headquartered in Glen Allen, Virginia.
The company has a dividend yield of 12.97% with the ex dividend date set at 20-4-2023 (DMY).
Other points of data to note are a P/E ratio of 3.79, revenue per share of 4.17 and a 3.95% return on assets.
