Dynex Capital Inc (DX) was Downgraded by Ladenburg Thalmann to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Ladenburg Thalmann advised their investors in a research report released on Apr 28, 2016.
Many Wall Street Analysts have commented on Dynex Capital Inc. Shares were Reiterated by Maxim Group on Feb 18, 2016 to “Buy” and Lowered the Price Target to $ 7.75 from a previous price target of $8.25 .
On the company’s financial health, Dynex Capital Inc reported $0.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.24.Analysts expectations of $ 18.21.During the same quarter in the previous year, the company posted $0.23 EPS.
Dynex Capital Inc closed down -0.14 points or -2.04% at $6.71 with 2,73,047 shares getting traded on Wednesday. Post opening the session at $6.72, the shares hit an intraday low of $6.65 and an intraday high of $6.76 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Aug 12, 2015, James C Iii Wheat (director) purchased 18,000 shares at $6.49 per share price. According to the SEC, on May 29, 2015, Robert A Salcetti (director) purchased 5,500 shares at $7.76 per share price. On Apr 2, 2015, Barry Igdaloff (director) sold 5,000 shares at $8.56 per share price, according to the Form-4 filing with the securities and exchange commission.
Dynex Capital Inc. is an internally managed mortgage real estate investment trust (mortgage REIT) which invests in residential and commercial mortgage securities on a leveraged basis. The Firm’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation. The Firm seeks to provide returns to its shareholders through regular quarterly dividends and through capital appreciation. The Firm’s operations consisted of originating and securitizing various types of loans principally single-family and commercial mortgage loans and manufactured housing loans. The Firm invests in Agency and non-Agency mortgage-backed securities (MBS). MBS consist of residential MBS (RMBS) and commercial MBS (CMBS) including CMBS interest-only (IO) securities.