Dynex Stock Hits New 52-Week High (DX)

NEW YORK ( TheStreet) -- Dynex Capital (NYSE: DX) hit a new 52-week high Friday as it is currently trading at $10, above its previous 52-week high of $9.98 with 102,637 shares traded as of 11:29 a.m. ET. Average volume has been 422,700 shares over the past 30 days.

Dynex has a market cap of $539.6 million and is part of the financial sector and real estate industry. Shares are up 8.7% year to date as of the close of trading on Thursday.

Dynex Capital, Inc. operates as a mortgage real estate investment trust (REIT). The company has a P/E ratio of 9.5, above the average real estate industry P/E ratio of 9.3 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, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Dynex Ratings Report.

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