Dynex Capital (NYSE:DX) Stock: Insider Byron Boston Purchases 9,180 Shares

Dynex Capital, Inc. (NYSE:DX) CEO Byron Boston purchased 9,180 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The shares were purchased at an average price of $10.89 per share, for a total transaction of $99,970.20. Following the transaction, the chief executive officer owned 892,747 shares of the company’s stock, valued at $9,722,014.83. This trade represents a 1.04% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Dynex Capital Stock Down 0.2%

DX opened at $11.03 on Friday. Dynex Capital, Inc. has a fifty-two week low of $10.31 and a fifty-two week high of $14.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.16 and a current ratio of 1.16. The company has a fifty day moving average of $11.99 and a two-hundred day moving average of $12.70. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 8.70 and a beta of 0.98.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, October 19th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Dynex Capital had a positive return on equity of 10.45% and a negative net margin of 4.65%. The firm had revenue of $101.56 million during the quarter, compared to analyst estimates of $113.48 million.

Dynex Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 22nd will be paid a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 18.5%. The ex-dividend date is Thursday, October 22nd. Dynex Capital’s payout ratio is currently 971.43%.

Institutional Trading of Dynex Capital

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wedbush Securities Inc. lifted its stake in Dynex Capital by 30.0% in the 3rd quarter. Wedbush Securities Inc. now owns 15,947 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 3,682 shares in the last quarter. SeaCrest Wealth Management LLC boosted its holdings in Dynex Capital by 5.5% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 97,749 shares of the real estate investment trust’s stock worth $1,089,000 after buying an additional 5,094 shares during the last quarter. Integrated Advisors Network LLC boosted its holdings in Dynex Capital by 25.1% in the 3rd quarter. Integrated Advisors Network LLC now owns 27,065 shares of the real estate investment trust’s stock worth $302,000 after buying an additional 5,437 shares during the last quarter. Parisi Gray Wealth Management purchased a new stake in Dynex Capital during the 3rd quarter worth approximately $151,000. Finally, Firethorn Wealth Partners LLC purchased a new stake in Dynex Capital during the 3rd quarter worth approximately $144,000. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. BTIG Research set a $12.00 price target on Dynex Capital and gave the stock a “buy” rating in a report on Tuesday, October 6th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Dynex Capital in a report on Tuesday. Weiss Ratings cut Dynex Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 16th. Finally, JonesTrading reduced their target price on Dynex Capital from $14.75 to $12.50 and set a “buy” rating for the company in a research note on Monday. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dynex Capital has an average rating of “Hold” and an average target price of $13.38.

Dynex Capital Company Profile

Dynex Capital, Inc (NYSE: DX) is an internally managed real estate investment trust that invests in mortgage-related assets. The company primarily focuses on agency mortgage-backed securities, including securities backed by the U.S. government or government-sponsored enterprises, as well as selected non-agency residential and commercial mortgage-backed securities.

Dynex Capital uses financing and other investment strategies to generate income from its portfolio of mortgage assets. Its investments are tied primarily to the U.S.