D.A. Davidson & CO. Invests $310,000 in Dynex Capital, Inc. $DX

D.A. Davidson & CO. bought a new stake in Dynex Capital, Inc. (NYSE:DX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,400 shares of the real estate investment trust’s stock, valued at approximately $310,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amalgamated Bank increased its position in Dynex Capital by 50.5% in the 1st 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 in the last quarter. Arizona State Retirement System boosted its stake in Dynex Capital by 4.9% during the 1st quarter. Arizona State Retirement System now owns 22,747 shares of the real estate investment trust’s stock valued at $296,000 after purchasing an additional 1,065 shares during the last quarter. US Bancorp DE boosted its stake in Dynex Capital by 35.2% during the 1st quarter. US Bancorp DE now owns 5,134 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,338 shares during the last quarter. BayBridge Capital Group LLC boosted its stake in Dynex Capital by 5.9% during the 2nd quarter. BayBridge Capital Group LLC now owns 25,910 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 1,437 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Dynex Capital by 1.6% during the 1st quarter. Rhumbline Advisers now owns 109,285 shares of the real estate investment trust’s stock valued at $1,423,000 after purchasing an additional 1,715 shares during the last quarter. 38.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. UBS Group set a $13.25 target price on Dynex Capital and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Dynex Capital in a research note on Wednesday, October 8th. Jones Trading restated a “buy” rating and issued a $14.00 target price on shares of Dynex Capital in a research note on Monday, October 20th. Finally, Keefe, Bruyette & Woods boosted their target price on Dynex Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.42.

Dynex Capital Trading Down 1.6%

Dynex Capital stock opened at $13.12 on Friday. The stock has a market cap of $1.93 billion, a P/E ratio of 8.86 and a beta of 0.92. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $14.52. The firm’s fifty day moving average price is $12.75 and its 200-day moving average price is $12.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.30 and a current ratio of 1.19.

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 analysts’ consensus estimates 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 6.65%. Equities research analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Thursday, October 23rd will be issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date is Thursday, October 23rd. Dynex Capital’s dividend payout ratio is currently 137.84%.

Insider Transactions at Dynex Capital

In other news, CEO Smriti Laxman Popenoe bought 4,260 shares of the company’s stock in a transaction dated Friday, September 26th. The stock was bought at an average cost of $12.16 per share, for a total transaction of $51,801.60. Following the completion of the acquisition, the chief executive officer owned 407,338 shares in the company, valued at approximately $4,953,230.08. This trade represents a 1.06% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Robert S. Colligan acquired 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 acquisition, the chief financial officer directly owned 120,857 shares of the company’s stock, valued at $1,464,786.84. This trade represents a 3.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.00% of the company’s stock.

Dynex Capital Company 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.