Dynex Capital (NYSE:DX) CEO Acquires $156,600.00 in Stock

Dynex Capital, Inc. (NYSE:DX) CEO Smriti Popenoe bought 12,000 shares of the company’s stock in a transaction dated Tuesday, October 20th. The shares were acquired at an average price of $13.05 per share, for a total transaction of $156,600.00. Following the completion of the transaction, the chief executive officer directly owned 541,098 shares in the company, valued at approximately $7,061,328.90. This trade represents a 2.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Dynex Capital Price Performance

Shares of Dynex Capital stock opened at $11.03 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a twelve month low of $10.31 and a twelve month high of $14.93. The business has a 50-day moving average price of $11.99 and a 200 day moving average price of $12.70. The firm has a market cap of $2.73 billion, a PE ratio of 8.70 and a beta of 0.98.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $101.56 million for the quarter, compared to analysts’ expectations of $113.48 million. Dynex Capital had a positive return on equity of 10.45% and a negative net margin of 4.65%.

Dynex Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 22nd will be given a $0.17 dividend. The ex-dividend date is Thursday, October 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 18.5%. Dynex Capital’s payout ratio is 971.43%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DX. Integrity Alliance LLC. boosted its holdings in Dynex Capital by 6.9% in the 2nd quarter. Integrity Alliance LLC. now owns 16,683 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 1,081 shares during the last quarter. IMG Wealth Management Inc. increased its stake 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. Pictet Asset Management Holding SA increased its stake in Dynex Capital by 10.4% during the 2nd quarter. Pictet Asset Management Holding SA now owns 23,872 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 2,245 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of 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 valued at $38,000 after acquiring an additional 2,604 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Dynex Capital by 5.1% during the second quarter. Allworth Financial LP now owns 55,923 shares of the real estate investment trust’s stock valued at $733,000 after acquiring an additional 2,689 shares during the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Dynex Capital in a research note on Tuesday. BTIG Research set a $12.00 price target on shares of Dynex Capital and gave the company a “buy” rating in a research note on Tuesday, October 6th. Weiss Ratings lowered shares of Dynex Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 16th. Finally, JonesTrading cut their price target on shares of Dynex Capital from $14.75 to $12.50 and set a “buy” rating for the company in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Dynex Capital currently has an average rating of “Hold” and an average target price of $13.38.

Dynex Capital Company Profile

Dynex Capital, Inc (NYSE: DX) is an internally managed real estate investment trust that invests in mortgage-related assets. The company primarily focuses on agency mortgage-backed securities, including securities backed by the U.S. government or government-sponsored enterprises, as well as selected non-agency residential and commercial mortgage-backed securities.

Dynex Capital uses financing and other investment strategies to generate income from its portfolio of mortgage assets. Its investments are tied primarily to the U.S.