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