Key Points
- Dynex Capital’s CIO bought 2,500 shares at an average price of $11.18, investing $27,950 and increasing his position by 4.45% to 58,695 shares.
- DX reported quarterly earnings per share of $0.36, in line with estimates, and announced a monthly dividend of $0.17 per share, representing an annualized yield of approximately 18.0%.
- Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and a consensus price target of $14.56, compared with the stock’s opening price of $11.32.
Dynex Capital, Inc. (NYSE:DX - Get Free Report) CIO Terrence John Connelly, Jr. acquired 2,500 shares of the business's stock in a transaction that occurred on Friday, September 25th. The shares were purchased at an average price of $11.18 per share, with a total value of $27,950.00. Following the completion of the transaction, the executive owned 58,695 shares of the company's stock, valued at $656,210.10. The trade was a 4.45% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Dynex Capital Price Performance
Shares of DX stock opened at $11.32 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $2.80 billion, a PE ratio of 4.31 and a beta of 0.96. The firm's 50-day moving average is $12.67 and its two-hundred day moving average is $12.94. Dynex Capital, Inc. has a 12 month low of $11.11 and a 12 month high of $14.93.
Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $302.75 million during the quarter, compared to analysts' expectations of $103.62 million. Dynex Capital had a net margin of 49.18% and a return on equity of 8.85%.
Dynex Capital Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 21st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.04 annualized dividend and a yield of 18.0%. Dynex Capital's dividend payout ratio (DPR) is 77.57%.
Institutional Trading of Dynex Capital
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DX. Versant Capital Management Inc lifted its stake in Dynex Capital by 891.8% during the second quarter. Versant Capital Management Inc now owns 2,896 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 2,604 shares in the last quarter. KBC Group NV purchased a new stake in Dynex Capital during the 2nd quarter worth approximately $42,000. Integrated Wealth Concepts LLC acquired a new stake in Dynex Capital during the 2nd quarter worth approximately $42,000. IMG Wealth Management Inc. lifted its holdings in Dynex Capital by 55.9% during the 1st quarter. IMG Wealth Management Inc. now owns 3,410 shares of the real estate investment trust's stock worth $44,000 after buying an additional 1,222 shares in the last quarter. Finally, Huntington National Bank boosted its position in Dynex Capital by 22.3% in the 4th quarter. Huntington National Bank now owns 5,856 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 1,066 shares during the period. Hedge funds and other institutional investors own 38.34% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Dynex Capital in a report on Monday, September 21st. JonesTrading restated a "buy" rating and issued a $14.75 price objective on shares of Dynex Capital in a report on Tuesday, July 21st. BTIG Research set a $14.50 target price on shares of Dynex Capital in a research report on Wednesday, June 17th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Dynex Capital in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Dynex Capital has an average rating of "Moderate Buy" and an average target price of $14.56.
Read Our Latest Report on Dynex Capital
Dynex Capital Company Profile
(
Get Free Report)
Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that invests primarily in residential and commercial mortgage-backed securities. Its portfolio generally focuses on agency securities, which are issued or guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae.
The company finances its investments through repurchase agreements and other forms of secured borrowing and uses hedging strategies to manage interest-rate and financing risks.
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