105,155 Shares in Dynex Capital, Inc. $DX Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. acquired a new stake in Dynex Capital, Inc. (NYSE:DX) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 105,155 shares of the real estate investment trust’s stock, valued at approximately $1,285,000. Advisors Asset Management Inc. owned approximately 0.08% of Dynex Capital at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its stake in shares of Dynex Capital by 130,013.1% in the 2nd 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 period. Millennium Management LLC grew its holdings in shares of Dynex Capital by 311.4% during the first quarter. Millennium Management LLC now owns 3,276,781 shares of the real estate investment trust’s stock worth $42,664,000 after buying an additional 2,480,330 shares in the last quarter. MetLife Investment Management LLC raised its position in Dynex Capital by 1,510.0% in the 1st quarter. MetLife Investment Management LLC now owns 728,728 shares of the real estate investment trust’s stock valued at $9,488,000 after buying an additional 683,466 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Dynex Capital in the 1st quarter valued at approximately $6,810,000. Finally, Geode Capital Management LLC lifted its stake in Dynex Capital by 26.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,525,805 shares of the real estate investment trust’s stock valued at $30,870,000 after acquiring an additional 521,530 shares in the last quarter. Institutional investors 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 the company’s stock in a transaction that occurred on Friday, September 26th. The shares were acquired at an average price of $12.16 per share, for a total transaction of $51,801.60. Following the purchase, the chief executive officer owned 407,338 shares in the company, valued at approximately $4,953,230.08. The trade was a 1.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert S. Colligan purchased 4,200 shares of the business’s stock in a transaction on Friday, September 26th. The shares were 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 directly owned 120,857 shares in the company, valued at approximately $1,464,786.84. The trade was a 3.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DX shares. Jones Trading reaffirmed a “buy” rating and set a $14.00 price target on shares of Dynex Capital in a research note on Monday, October 20th. UBS Group set a $13.25 target price on shares of Dynex Capital and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a research note on Tuesday, November 25th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.42.

Dynex Capital Stock Performance

Shares of DX stock opened at $14.01 on Monday. The company has a fifty day moving average price of $13.17 and a two-hundred day moving average price of $12.69. Dynex Capital, Inc. has a one year low of $10.79 and a one year high of $14.52. The stock has a market cap of $2.06 billion, a P/E ratio of 9.47 and a beta of 0.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.19 and a quick ratio of 1.30.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share 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 for the quarter, compared to analyst estimates of $32.06 million. As a group, equities analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 21st will be paid a $0.17 dividend. The ex-dividend date is Friday, November 21st. This represents a c) annualized dividend and a yield of 14.6%. Dynex Capital’s dividend payout ratio is currently 137.84%.

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.