Robert Colligan Acquires 4,200 Shares of Dynex Capital (NYSE:DX) Stock

Dynex Capital, Inc. (NYSE:DX) CFO Robert Colligan acquired 4,200 shares of Dynex Capital stock in a transaction dated Friday, September 26th. The shares were purchased at an average price of $12.12 per share, with a total value of $50,904.00. Following the acquisition, the chief financial officer owned 120,857 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link.

Dynex Capital Trading Down 0.2%

Shares of NYSE:DX opened at $12.07 on Tuesday. Dynex Capital, Inc. has a 12-month low of $10.79 and a 12-month high of $14.52. The stock has a market cap of $1.57 billion, a PE ratio of 15.47 and a beta of 0.93. The business has a 50 day moving average of $12.49 and a 200-day moving average of $12.43. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.02.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data 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). Dynex Capital had a return on equity of 4.19% and a net margin of 17.27%.The firm had revenue of $23.13 million for the quarter, compared to the consensus estimate of $21.20 million. As a group, equities research analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank raised its position in Dynex Capital by 50.5% during the first 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. CWM LLC raised its position in Dynex Capital by 271.9% during the first 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. Transce3nd LLC acquired a new position in Dynex Capital during the second quarter valued at approximately $49,000. US Bancorp DE raised its position in Dynex Capital by 35.2% during the first quarter. US Bancorp DE now owns 5,134 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,338 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Dynex Capital by 89.7% during the first quarter. Russell Investments Group Ltd. now owns 7,721 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 3,650 shares in the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DX. UBS Group boosted their price target on Dynex Capital from $12.50 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Jones Trading boosted their price target on Dynex Capital from $12.50 to $13.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Finally, Keefe, Bruyette & Woods boosted their price target on Dynex Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dynex Capital has an average rating of “Moderate Buy” and a consensus price target of $13.00.

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.