Wealth Enhancement Advisory Services LLC Takes $300,000 Position in Dynex Capital, Inc. $DX

Key Points

• Wealth Enhancement Advisory Services LLC has acquired a new stake in Dynex Capital, purchasing 23,390 shares valued at approximately $300,000.
• Dynex Capital announced a quarterly dividend of $0.17 per share, resulting in an annualized dividend yield of 5.2%.
• Wall Street analysts have mixed ratings on Dynex Capital, with a consensus target price of $13.08 and several firms recommending a "buy" rating.

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 23,390 shares of the real estate investment trust's stock, valued at approximately $300,000.

Other institutional investors also recently modified their holdings of the company. Amalgamated Bank increased its holdings in Dynex Capital by 50.5% in the 1st quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 973 shares in the last quarter. CWM LLC boosted its position in shares of Dynex Capital by 271.9% during the 1st quarter. CWM LLC now owns 3,154 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 2,306 shares in the last quarter. US Bancorp DE boosted its holdings in Dynex Capital by 35.2% in the first quarter. US Bancorp DE now owns 5,134 shares of the real estate investment trust's stock worth $67,000 after acquiring an additional 1,338 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Dynex Capital by 89.7% in the first quarter. Russell Investments Group Ltd. now owns 7,721 shares of the real estate investment trust's stock worth $101,000 after acquiring an additional 3,650 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Dynex Capital in the first quarter worth approximately $150,000. Institutional investors and hedge funds own 38.34% of the company's stock.

Insider Buying and Selling at Dynex Capital

In other Dynex Capital news, CEO Smriti Laxman Popenoe bought 4,260 shares of the business's stock in a transaction on Friday, September 26th. The shares were acquired at an average cost of $12.16 per share, for a total transaction of $51,801.60. Following the purchase, the chief executive officer owned 407,338 shares in the company, valued at approximately $4,953,230.08. This trade represents a 1.06% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert S. Colligan bought 4,200 shares of the business's stock in a transaction on Friday, September 26th. The shares were acquired at an average price of $12.12 per share, for a total transaction of $50,904.00. Following the completion of the purchase, the chief financial officer owned 120,857 shares in the company, valued at approximately $1,464,786.84. The trade was a 3.60% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DX shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Dynex Capital in a research note on Wednesday. Jones Trading lifted their price target on Dynex Capital from $12.50 to $13.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods lifted their price objective on Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, UBS Group set a $13.25 price objective on Dynex Capital and gave the stock a "neutral" rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.08.

Dynex Capital Stock Up 1.5%

DX stock opened at $13.08 on Thursday. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $14.52. The business's 50 day moving average price is $12.49 and its two-hundred day moving average price is $12.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 16.77 and a beta of 0.92.

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

Dynex Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 22nd were paid a $0.17 dividend. The ex-dividend date was Monday, September 22nd. This represents a $0.68 annualized dividend and a dividend yield of 5.2%. Dynex Capital's dividend payout ratio is presently 261.54%.

Dynex Capital Profile

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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