#3 - Dynex Capital (NYSE:DX)
REITs come in many different shapes and sizes depending on the holdings in their portfolios. The next company on our list is Dynex Capital (NYSE:DX). Like the first two companies on this list, Dynex is not a pure REIT in that residential mortgage-backed securities make up over 90% of its holdings. But the company also has some exposure to commercial mortgage-backed securities (CMBSes).
DX stock was trading nearly flat for the year, but has been tumbling in June based on concerns over what the combination of festering inflation and a tighter monetary policy will do to the real estate market. That being said, the stock is still considered a buy according to the analysts tracked by MarketBeat.
Dynex currently has a dividend yield of 10.71% with an annual payout of $1.56 per share.
About Dynex Capital
Dynex Capital, Inc, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.
Read More - Current Price
- $12.49
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $13.35 (6.9% Upside)
