Dynex Capital (NYSE:DX) Stock: Insider Terrence John Connelly, Jr. Purchases 2,500 Shares

Dynex Capital, Inc. (NYSE:DX) CIO John Jr acquired 2,500 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were purchased at an average cost of $11.18 per share, for a total transaction of $27,950.00. Following the purchase, the executive directly owned 58,695 shares in the company, valued at approximately $656,210.10. This trade represents a 4.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dynex Capital Price Performance

NYSE:DX opened at $11.38 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50 day moving average price of $12.64 and a 200-day moving average price of $12.92. Dynex Capital, Inc. has a 1-year low of $11.11 and a 1-year high of $14.93. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 4.33 and a beta of 0.96.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Dynex Capital had a net margin of 49.18% and a return on equity of 8.85%. The firm had revenue of $302.75 million for the quarter, compared to the consensus estimate of $103.62 million.

Dynex Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 21st will be given a dividend of $0.17 per share. The ex-dividend date is Monday, September 21st. This represents a $2.04 dividend on an annualized basis and a yield of 17.9%. Dynex Capital’s dividend payout ratio is currently 77.57%.

Analysts Set New Price Targets

DX has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Dynex Capital in a report on Tuesday, July 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynex Capital in a research note on Monday, September 21st. JonesTrading reiterated a “buy” rating and set a $14.75 target price on shares of Dynex Capital in a research report on Tuesday, July 21st. Finally, BTIG Research set a $14.50 price target on shares of Dynex Capital in a research note on Wednesday, June 17th. Two research 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.56.

Institutional Trading of Dynex Capital

Several large investors have recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in Dynex Capital by 891.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,896 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 2,604 shares during the last quarter. KBC Group NV acquired a new stake in Dynex Capital during the 2nd quarter worth $42,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Dynex Capital during the second quarter worth $42,000. IMG Wealth Management Inc. grew its holdings in shares of Dynex Capital by 55.9% during the first quarter. IMG Wealth Management Inc. now owns 3,410 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 1,222 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of Dynex Capital by 22.3% during the fourth quarter. Huntington National Bank now owns 5,856 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 1,066 shares in the last quarter. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Dynex Capital Company Profile

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that invests primarily in residential and commercial mortgage-backed securities. Its portfolio generally focuses on agency securities, which are issued or guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae.

The company finances its investments through repurchase agreements and other forms of secured borrowing and uses hedging strategies to manage interest-rate and financing risks.