Dynex Capital, Inc. (NYSE:DX – Get Free Report) CIO John Jr purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was bought 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 $656,210.10. This trade represents a 4.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Dynex Capital Price Performance
Shares of NYSE DX opened at $11.32 on Tuesday. The firm has a market cap of $2.80 billion, a PE ratio of 4.31 and a beta of 0.96. The firm has a fifty day moving average of $12.67 and a 200 day moving average of $12.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.16 and a current ratio of 1.16. Dynex Capital, Inc. has a one year low of $11.11 and a one year high of $14.93.
Dynex Capital (NYSE:DX – Get Free Report) last posted its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share 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 company had revenue of $302.75 million during the quarter, compared to analysts’ expectations of $103.62 million.
Dynex Capital Announces Dividend
Analysts Set New Price Targets
Several research firms recently issued reports on DX. BTIG Research set a $14.50 price objective on Dynex Capital in a report on Wednesday, June 17th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Dynex Capital in a report on Tuesday, July 21st. Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a research report on Monday, September 21st. Finally, JonesTrading reaffirmed a “buy” rating and issued a $14.75 price target on shares of Dynex Capital in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dynex Capital currently has an average rating of “Moderate Buy” and an average price target of $14.56.
Check Out Our Latest Research Report on DX
Hedge Funds Weigh In On Dynex Capital
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Dynex Capital by 14.6% during the 2nd quarter. BlackRock Inc. now owns 18,437,985 shares of the real estate investment trust’s stock worth $241,722,000 after purchasing an additional 2,355,906 shares during the last quarter. State Street Corp increased its holdings in shares of Dynex Capital by 12.8% in the second quarter. State Street Corp now owns 5,113,743 shares of the real estate investment trust’s stock valued at $67,862,000 after purchasing an additional 579,022 shares during the last quarter. Wellington Management Group LLP lifted its position in Dynex Capital by 142.9% during the second quarter. Wellington Management Group LLP now owns 2,221,800 shares of the real estate investment trust’s stock worth $29,128,000 after buying an additional 1,307,100 shares in the last quarter. Callodine Capital Management LP purchased a new position in Dynex Capital during the first quarter worth approximately $21,320,000. Finally, Segall Bryant & Hamill LLC acquired a new position in Dynex Capital during the first quarter worth $19,581,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.
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.
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