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Fly News Breaks for May 2, 2019
DX
May 2, 2019 | 07:42 EDT
Ladenburg Thalmann analyst Christopher Nolan downgraded Dynex Capital to Neutral from Buy without a price target following the company's Q1 results. The analyst believes the company's dividend outlook is becoming less certain. He's cautious on further spread compression in Q2 and as a result, reduced his dividend outlook. Nolan estimates Dynex's new equity will need to be levered above 9.5 times to cover the dividend.
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