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Insider Buying: Dynex Capital (NYSE:DX) CEO Purchases 4,260 Shares of Stock

Dynex Capital logo with Finance background

Key Points

  • Dynex Capital's CEO, Smriti Laxman Popenoe, purchased 4,260 shares at an average price of $12.16, increasing her ownership by 1.06% and bringing her total holdings to 407,338 shares valued at approximately $4.95 million.
  • The company announced a quarterly dividend of $0.17 per share, resulting in a 5.6% dividend yield, with the dividend scheduled to be paid on October 1st.
  • Dynex Capital has recently received multiple upgrades on its stock price targets from analysts, now averaging $13.00, with a consensus rating of "Moderate Buy."
  • MarketBeat previews top five stocks to own in October.

Dynex Capital, Inc. (NYSE:DX - Get Free Report) CEO Smriti Laxman Popenoe acquired 4,260 shares of the company's stock in a transaction that occurred on Friday, September 26th. The stock was acquired at an average price of $12.16 per share, with a total value of $51,801.60. Following the acquisition, the chief executive officer owned 407,338 shares in the company, valued at $4,953,230.08. The trade was a 1.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Dynex Capital Trading Down 0.2%

NYSE DX traded down $0.03 during trading hours on Monday, reaching $12.07. The company's stock had a trading volume of 3,961,081 shares, compared to its average volume of 3,802,829. The stock has a market cap of $1.57 billion, a P/E ratio of 15.47 and a beta of 0.93. Dynex Capital, Inc. has a 52 week low of $10.79 and a 52 week high of $14.52. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a fifty day simple moving average of $12.50 and a 200-day simple moving average of $12.44.

Dynex Capital (NYSE:DX - Get Free Report) last issued its quarterly 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 return on equity of 4.19% and a net margin of 17.27%. Equities analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 22nd will be given a $0.17 dividend. The ex-dividend date is Monday, September 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.6%. Dynex Capital's payout ratio is 261.54%.

Wall Street Analyst Weigh In

DX has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Dynex Capital from $12.50 to $13.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Jones Trading boosted their price target on shares of Dynex Capital from $12.50 to $13.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Dynex Capital has a consensus rating of "Moderate Buy" and an average target price of $13.00.

Read Our Latest Stock Analysis on DX

Institutional Trading of Dynex Capital

Hedge funds have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC increased its stake in shares of Dynex Capital by 130,013.1% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,144,836 shares of the real estate investment trust's stock valued at $242,772,000 after acquiring an additional 19,130,122 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Dynex Capital by 122.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,400 shares of the real estate investment trust's stock valued at $357,000 after purchasing an additional 15,100 shares in the last quarter. Millennium Management LLC increased its stake in Dynex Capital by 311.4% during the 1st quarter. Millennium Management LLC now owns 3,276,781 shares of the real estate investment trust's stock valued at $42,664,000 after purchasing an additional 2,480,330 shares in the last quarter. Amalgamated Bank increased its stake in Dynex Capital by 50.5% during the 1st quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 973 shares in the last quarter. Finally, TrueMark Investments LLC increased its stake in Dynex Capital by 60.1% during the 1st quarter. TrueMark Investments LLC now owns 183,360 shares of the real estate investment trust's stock valued at $2,387,000 after purchasing an additional 68,845 shares in the last quarter. Institutional investors own 38.34% of the company's stock.

Dynex Capital Company Profile

(Get Free Report)

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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