Dynex Capital, Inc. $DX Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 6.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 18,276 shares of the real estate investment trust’s stock after selling 1,265 shares during the period. Voya Investment Management LLC’s holdings in Dynex Capital were worth $238,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its position in shares of Dynex Capital by 122.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 27,400 shares of the real estate investment trust’s stock valued at $357,000 after buying an additional 15,100 shares during the last quarter. Millennium Management LLC raised its position in shares of Dynex Capital by 311.4% in the first 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. Amalgamated Bank raised its position in shares of Dynex Capital by 50.5% in the first quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 973 shares during the last quarter. TrueMark Investments LLC raised its position in shares of Dynex Capital by 60.1% in the first quarter. TrueMark Investments LLC now owns 183,360 shares of the real estate investment trust’s stock valued at $2,387,000 after buying an additional 68,845 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of 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 buying an additional 34,765 shares during the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Trading Down 0.2%

Shares of DX stock opened at $12.07 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $1.57 billion, a PE ratio of 15.47 and a beta of 0.93. The company has a 50-day moving average of $12.49 and a two-hundred day moving average of $12.43. Dynex Capital, Inc. has a 1-year low of $10.79 and a 1-year high of $14.52.

Dynex Capital (NYSE:DX) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.27). The company had revenue of $23.13 million for the quarter, compared to analysts’ expectations of $21.20 million. Dynex Capital had a return on equity of 4.19% and a net margin of 17.27%. On average, analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Monday, September 22nd. Dynex Capital’s dividend payout ratio (DPR) is 261.54%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group increased their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Keefe, Bruyette & Woods upped their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Finally, Jones Trading upped their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the company a “buy” rating in a report on Monday, July 21st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $13.00.

About Dynex Capital

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.