NEW YORK ( TheStreet) -- Dynex Capital (NYSE: DX) is trading at unusually high volume Wednesday with 1.2 million shares changing hands. It is currently at 4.6 times its average daily volume and trading up 30 cents (+3.5%) at $8.90 as of 4:05 p.m. ET.

Dynex has a market cap of $338 million and is part of the financial sector and real estate industry. Shares are down 21.2% year to date as of the close of trading on Tuesday.

Dynex Capital, Inc., together with its subsidiaries, operates as a mortgage real estate investment trust (REIT). The company has a P/E ratio of eight, above the average real estate industry P/E ratio of 7.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Dynex as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and a generally disappointing performance in the stock itself. You can view the full Dynex Ratings Report.

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