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

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."

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.

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

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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