International Assets Investment Management LLC Buys 4,463 Shares of Dynex Capital, Inc. $DX

International Assets Investment Management LLC raised its stake in Dynex Capital, Inc. (NYSE:DX) by 13.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,926 shares of the real estate investment trust’s stock after acquiring an additional 4,463 shares during the period. International Assets Investment Management LLC’s holdings in Dynex Capital were worth $463,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DX. Amalgamated Bank grew its holdings in shares of Dynex Capital by 50.5% during the first quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 973 shares during the last quarter. CWM LLC grew its holdings in shares of Dynex Capital by 271.9% during the first quarter. CWM LLC now owns 3,154 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,306 shares during the last quarter. US Bancorp DE grew its holdings in shares of 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 worth $67,000 after purchasing an additional 1,338 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of 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 worth $101,000 after purchasing an additional 3,650 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Dynex Capital during the first quarter worth $150,000. Institutional investors own 38.34% of the company’s stock.

Insider Activity

In other news, CEO Smriti Laxman Popenoe purchased 4,260 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were acquired at an average price of $12.16 per share, for a total transaction of $51,801.60. Following the completion of the acquisition, the chief executive officer directly owned 407,338 shares in the company, valued at approximately $4,953,230.08. The trade was a 1.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert S. Colligan purchased 4,200 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was purchased at an average price of $12.12 per share, for a total transaction of $50,904.00. Following the acquisition, the chief financial officer owned 120,857 shares of the company’s stock, valued at $1,464,786.84. The trade was a 3.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.00% of the stock is owned by company insiders.

Dynex Capital Price Performance

Dynex Capital stock opened at $13.28 on Wednesday. The business’s 50-day simple moving average is $12.63 and its 200 day simple moving average is $12.38. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 8.97 and a beta of 0.92. Dynex Capital, Inc. has a 12-month low of $10.79 and a 12-month high of $14.52. 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 posted its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.19). The firm had revenue of $30.61 million during the quarter, compared to the consensus estimate of $32.06 million. Dynex Capital had a net margin of 41.53% and a return on equity of 7.37%. As a group, research analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Thursday, October 23rd will be issued a $0.17 dividend. The ex-dividend date is Thursday, October 23rd. This represents a c) annualized dividend and a yield of 15.4%. Dynex Capital’s dividend payout ratio (DPR) is currently 261.54%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DX. UBS Group set a $13.25 target price on Dynex Capital and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on Dynex Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Dynex Capital in a report on Wednesday, October 8th. Finally, Jones Trading restated a “buy” rating and set a $14.00 target price on shares of Dynex Capital in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Dynex Capital presently has an average rating of “Hold” and an average price target of $13.42.

Dynex Capital 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.