Dynex Capital (DX) Gains As Market Dips: What You Should Know

This story originally appeared on Zacks

Dynex Capital (DX) closed at $16.92 in the last trading session, posting a move of +0.06% from the day before. This change outpaced the S&P 500’s loss rate of 0.14% today. Meanwhile, the Dow Jones lost 0.45%, and the tech-heavy Nasdaq lost 0.01%.

– Zacks

Heading into the day, Mortgage REIT shares lost 1% over the past month, lagging the finance sector’s gain of 3.74% and the S&P 500’s loss of 0.13% in that time.

Investors are hoping for some strength from Dynex Capital as it nears its next earnings release.

Any recent changes to analyst estimates for Dynex Capital should also be noted by investors. These reviews usually reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive rating reviews as a good sign of the company’s business outlook.

Based on our research, we believe that these discretionary reviews are directly related to stock movements close to the team. Investors can take advantage of this using Zacks Rank. This model takes into account these changes in grading and provides a simple and actionable rating system.

Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank system has a proven and externally audited track record of outperforming, with the #1 stock returning an average of +25% annually since 1988. Over the past month, The Zacks Consensus EPS estimate remained constant. Dynex Capital is currently ranked number 3 by Zacks (Hold).

In terms of valuation, Dynex Capital is currently trading at a forward P/E ratio of 8.76. This valuation represents a discount compared to the industry’s forward P/E average of 9.07.

The real estate investment trusts and equity funds industry is part of the finance sector. The industry currently has a Zacks Industry Rating of 160, placing it in the bottom 38% of all 250+ industries.

The Zacks Industry Ranking measures the strength of our individual industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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Dynex Capital, Inc. (DX): Free Stock Analysis Report

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