Dynex Capital describes current market conditions as attractive for Agency MBS investments
Company says platform scaling is enhancing efficiency and resilience for future returns
Portfolio growth — Investment portfolio grew 11% after deploying $391 mln in new equity into Agency MBS
Spread tightening — Fair value of Agency MBS increased due to spread tightening late in the quarter
Expense decline — Operating expenses decreased due to absence of one-time compensation and personnel costs recognized in Q1
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized REITs peer group is "buy"
Wall Street's median 12-month price target for Dynex Capital Inc is $14.75, about above its July 17 closing price of
DX•
