Keefe, Bruyette & Woods Upgrades Dynex Cap: Here's What You Need To Know

Keefe, Bruyette & Woods upgraded its rating of Dynex Cap DX to Outperform with a price target of $18.75, changing its price target from $17.00 to $18.75.

Shares of Dynex Cap are trading up 1.77% over the last 24 hours, at $16.36 per share.

A move to $18.75 would account for a 14.64% increase from the current share price.

About Dynex Cap

Dynex Capital Inc is a real estate investment trust. The company primarily invests in residential and commercial mortgage-backed securities. Its investments consist principally of Agency mortgage-backed securities including residential MBS and commercial MBS.

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Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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