VSM Wealth Advisory LLC Boosts Stock Position in Dynex Capital, Inc. $DX

VSM Wealth Advisory LLC raised its holdings in Dynex Capital, Inc. (NYSE:DX) by 38.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,840 shares of the real estate investment trust’s stock after buying an additional 9,463 shares during the period. VSM Wealth Advisory LLC’s holdings in Dynex Capital were worth $414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC increased its stake in Dynex Capital by 130,013.1% in the second 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 purchasing an additional 19,130,122 shares during the last quarter. Millennium Management LLC grew its position in shares of Dynex Capital by 311.4% in 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 buying an additional 2,480,330 shares during the last quarter. Allworth Financial LP raised its stake in Dynex Capital by 18,921.9% during the 2nd quarter. Allworth Financial LP now owns 52,881 shares of the real estate investment trust’s stock worth $646,000 after acquiring an additional 52,603 shares in the last quarter. Northern Trust Corp lifted its position in Dynex Capital by 4.8% in the first quarter. Northern Trust Corp now owns 759,630 shares of the real estate investment trust’s stock valued at $9,890,000 after acquiring an additional 34,765 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Dynex Capital by 4.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 682,364 shares of the real estate investment trust’s stock valued at $8,884,000 after acquiring an additional 30,232 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

Insider Buying and Selling

In other Dynex Capital news, CEO Smriti Laxman Popenoe purchased 4,260 shares of Dynex Capital stock in a transaction dated Friday, September 26th. The stock was acquired at an average cost of $12.16 per share, with a total value of $51,801.60. Following the acquisition, the chief executive officer directly owned 407,338 shares of the company’s stock, valued at $4,953,230.08. This represents a 1.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert S. Colligan bought 4,200 shares of Dynex Capital stock in a transaction on Friday, September 26th. The stock was acquired at an average cost 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 $1,464,786.84. This trade represents a 3.60% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.00% of the company’s stock.

Dynex Capital Stock Performance

NYSE:DX opened at $13.51 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.19 and a quick ratio of 1.30. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 9.13 and a beta of 0.97. The firm’s fifty day moving average price is $12.98 and its 200 day moving average price is $12.62. Dynex Capital, Inc. has a 1-year low of $10.79 and a 1-year high of $14.52.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, October 20th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.19). Dynex Capital had a return on equity of 6.65% and a net margin of 41.53%.The firm had revenue of $421.91 million during the quarter, compared to analyst estimates of $32.06 million. On average, sell-side analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 21st will be given a dividend of $0.17 per share. The ex-dividend date is Friday, November 21st. This represents a c) annualized dividend and a yield of 15.1%. Dynex Capital’s payout ratio is presently 137.84%.

Analyst Upgrades and Downgrades

DX has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a research report on Thursday, November 13th. UBS Group set a $13.25 price objective on shares of Dynex Capital and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Finally, Jones Trading restated a “buy” rating and issued a $14.00 price objective on shares of Dynex Capital in a research note on Monday, October 20th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.