Keefe, Bruyette & Woods upgraded its rating of Dynex Cap (NYSE: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.
About Analyst Ratings
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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.
