Dynex Capital (NYSE:DX) CFO Buys $50,904.00 in Stock

Key Points

• Dynex Capital's CFO Robert Colligan purchased 4,200 shares of the company's stock for $50,904, increasing his ownership by 3.60% to a total of 120,857 shares.
• The company is set to distribute a quarterly dividend of $0.17 per share on October 1st, offering a 5.6% annual yield, despite a high dividend payout ratio of 261.54%.
• Dynex Capital's recent earnings report showed an EPS of $0.22, missing estimates, but the firm reported revenue exceeding expectations at $23.13 million.

Dynex Capital, Inc. (NYSE:DX - Get Free Report) CFO Robert Colligan bought 4,200 shares of the firm's stock in a transaction that occurred on Friday, September 26th. The stock was purchased at an average cost of $12.12 per share, with a total value of $50,904.00. Following the completion of the transaction, the chief financial officer owned 120,857 shares in the company, valued at approximately $1,464,786.84. This trade represents a 3.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Dynex Capital Stock Performance

Shares of NYSE DX traded down $0.03 during trading hours on Monday, reaching $12.07. The stock had a trading volume of 3,961,081 shares, compared to its average volume of 3,802,829. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 15.47 and a beta of 0.93. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $14.52. The firm has a 50-day moving average of $12.50 and a 200-day moving average of $12.44.

Dynex Capital (NYSE:DX - Get Free Report) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.27). The firm had revenue of $23.13 million during the quarter, compared to analyst estimates of $21.20 million. Dynex Capital had a net margin of 17.27% and a return on equity of 4.19%. Equities research analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 22nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Monday, September 22nd. Dynex Capital's dividend payout ratio (DPR) is presently 261.54%.

Analyst Ratings Changes

A number of research firms have weighed in on DX. Keefe, Bruyette & Woods increased their price objective on Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. UBS Group increased their price objective on Dynex Capital from $12.50 to $13.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Finally, Jones Trading increased their price objective on Dynex Capital from $12.50 to $13.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.00.

Institutional Trading of Dynex Capital

Hedge funds have recently modified their holdings of the business. Amalgamated Bank lifted its holdings in shares of Dynex Capital by 50.5% in the 1st quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 973 shares during the period. CWM LLC lifted its holdings in shares of Dynex Capital by 271.9% in the 1st quarter. CWM LLC now owns 3,154 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 2,306 shares during the period. Transce3nd LLC acquired a new stake in shares of Dynex Capital in the 2nd quarter valued at approximately $49,000. US Bancorp DE lifted its holdings in shares of Dynex Capital by 35.2% in the 1st quarter. US Bancorp DE now owns 5,134 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 1,338 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Dynex Capital by 89.7% in the 1st quarter. Russell Investments Group Ltd. now owns 7,721 shares of the real estate investment trust's stock valued at $101,000 after buying an additional 3,650 shares during the period. 38.34% of the stock is owned by institutional investors and hedge funds.

About Dynex Capital

Dynex Capital, Inc, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.

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