BTIG analyst Eric Hagen names Dynex Capital (DX) as his BTIG Top Pick for first half of 2023, replacing BrightSpire Capital (BRSP) on that list. The company offers the cleanest and most transparent portfolio for investors to be long the mortgage basis and he has a more constructive view for Agency MBS relative to commercial real estate debt right now, the analyst tells investors in a research note. Hagen has a Buy rating and a $14 price target on the stock.
Published first on TheFly
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