Dynex Capital (NYSE:DX) CFO Acquires $10,700.00 in Stock

Dynex Capital, Inc. (NYSE:DX) CFO Michael Andrew Sartori acquired 1,000 shares of Dynex Capital stock in a transaction that occurred on Tuesday, October 20th. The stock was purchased at an average cost of $10.70 per share, for a total transaction of $10,700.00. Following the completion of the transaction, the chief financial officer directly owned 36,579 shares in the company, valued at $391,395.30. This trade represents a 2.81% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dynex Capital Stock Down 0.2%

Shares of NYSE DX opened at $11.03 on Friday. 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 cap of $2.73 billion, a P/E ratio of 8.70 and a beta of 0.98. Dynex Capital, Inc. has a 1 year low of $10.31 and a 1 year high of $14.93. The firm has a 50-day simple moving average of $11.99 and a two-hundred day simple moving average of $12.70.

Dynex Capital (NYSE:DX) last announced its earnings results on Monday, October 19th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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 negative net margin of 4.65% and a positive return on equity of 10.45%.

Dynex Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 22nd will be paid a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 18.5%. The ex-dividend date of this dividend is Thursday, October 22nd. Dynex Capital’s dividend payout ratio (DPR) is currently 971.43%.

Hedge Funds Weigh In On Dynex Capital

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Dynex Capital by 14.6% during the second quarter. BlackRock Inc. now owns 18,437,985 shares of the real estate investment trust’s stock worth $241,722,000 after acquiring an additional 2,355,906 shares during the period. Callodine Capital Management LP bought a new stake in shares of Dynex Capital during the first quarter valued at approximately $21,320,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Dynex Capital in the first quarter valued at approximately $19,581,000. Royal Bank of Canada boosted its holdings in shares of Dynex Capital by 2,358.9% in the first quarter. Royal Bank of Canada now owns 1,531,103 shares of the real estate investment trust’s stock valued at $19,537,000 after purchasing an additional 1,468,836 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Dynex Capital by 142.9% in the second quarter. Wellington Management Group LLP now owns 2,221,800 shares of the real estate investment trust’s stock valued at $29,128,000 after purchasing an additional 1,307,100 shares during the period. 38.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

About Dynex Capital

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.