Dynex Capital (NYSE:DX) Hits New 52-Week Low at $14.52

Dynex Capital, Inc. (NYSE:DXGet Rating) reached a new 52-week low on Wednesday . The company traded as low as $14.52 and last traded at $14.97, with a volume of 63940 shares traded. The stock had previously closed at $14.81.

A number of analysts recently issued reports on DX shares. Keefe, Bruyette & Woods raised Dynex Capital from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $17.00 to $18.75 in a research report on Wednesday, June 8th. StockNews.com began coverage on Dynex Capital in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Jonestrading dropped their price objective on Dynex Capital from $20.00 to $19.00 in a report on Thursday, April 28th.

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $550.67 million, a P/E ratio of 6.28 and a beta of 1.08. The stock’s fifty day moving average is $16.00 and its 200-day moving average is $16.20.

Dynex Capital (NYSE:DXGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). Dynex Capital had a return on equity of 9.69% and a net margin of 159.69%. During the same period in the prior year, the company posted $0.46 EPS. On average, research analysts expect that Dynex Capital, Inc. will post 1.72 EPS for the current year.

The business also recently announced a monthly dividend, which was paid on Wednesday, June 1st. Shareholders of record on Monday, May 23rd were given a dividend of $0.13 per share. The ex-dividend date was Friday, May 20th. This represents a $1.56 dividend on an annualized basis and a yield of 10.47%. Dynex Capital’s payout ratio is currently 66.10%.

In other Dynex Capital news, CEO Byron L. Boston acquired 6,562 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average price of $15.25 per share, with a total value of $100,070.50. Following the transaction, the chief executive officer now owns 388,134 shares of the company’s stock, valued at $5,919,043.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Byron L. Boston bought 2,000 shares of the stock in a transaction on Friday, May 13th. The stock was acquired at an average cost of $16.00 per share, for a total transaction of $32,000.00. Following the acquisition, the chief executive officer now directly owns 394,951 shares in the company, valued at $6,319,216. The disclosure for this purchase can be found here. In the last three months, insiders bought 9,729 shares of company stock worth $151,058. Insiders own 2.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC increased its position in shares of Dynex Capital by 234.4% during the first quarter. FMR LLC now owns 4,726,214 shares of the real estate investment trust’s stock valued at $28,782,000 after purchasing an additional 3,313,061 shares during the period. Invesco Ltd. increased its holdings in Dynex Capital by 1,083.1% in the 4th quarter. Invesco Ltd. now owns 942,775 shares of the real estate investment trust’s stock valued at $15,753,000 after buying an additional 863,091 shares during the period. Leeward Investments LLC MA acquired a new position in shares of Dynex Capital in the 1st quarter valued at $7,191,000. Allspring Global Investments Holdings LLC bought a new position in shares of Dynex Capital during the 4th quarter worth about $3,914,000. Finally, Morgan Stanley boosted its position in shares of Dynex Capital by 393.1% during the 2nd quarter. Morgan Stanley now owns 252,291 shares of the real estate investment trust’s stock valued at $4,709,000 after acquiring an additional 201,126 shares in the last quarter. Institutional investors own 39.45% of the company’s stock.

Dynex Capital Company Profile (NYSE:DX)

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.

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