Dynex Capital (NYSE:DX) Price Target Cut to $17.00 by Analysts at BTIG Research

Dynex Capital (NYSE:DXGet Rating) had its price objective trimmed by BTIG Research to $17.00 in a report released on Tuesday morning, Stock Target Advisor reports.

Other equities research analysts have also issued research reports about the company. Keefe, Bruyette & Woods upgraded Dynex Capital from a market perform rating to an outperform rating and upped their price target for the company from $17.00 to $18.75 in a research report on Wednesday, June 8th. Credit Suisse Group raised their price target on Dynex Capital to $17.00 in a research report on Friday, July 22nd.

Dynex Capital Price Performance

Shares of DX opened at $14.69 on Tuesday. The company has a market capitalization of $653.95 million, a price-to-earnings ratio of 3.28 and a beta of 1.03. The business’s 50-day moving average is $15.98 and its 200-day moving average is $15.95. Dynex Capital has a fifty-two week low of $13.96 and a fifty-two week high of $18.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.41 and a quick ratio of 1.41.

Dynex Capital (NYSE:DXGet Rating) last announced its earnings results on Monday, July 25th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Dynex Capital had a net margin of 254.84% and a return on equity of 9.33%. During the same period last year, the business earned $0.51 earnings per share. Equities research analysts expect that Dynex Capital will post 1.65 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 23rd will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $1.56 dividend on an annualized basis and a yield of 10.62%. Dynex Capital’s payout ratio is 34.82%.

Insider Buying and Selling

In other news, CFO Robert S. Colligan bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were bought at an average cost of $15.84 per share, for a total transaction of $158,400.00. Following the acquisition, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $158,400. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Byron L. Boston bought 1,928 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were purchased at an average cost of $15.54 per share, with a total value of $29,961.12. Following the transaction, the chief executive officer now directly owns 3,095 shares of the company’s stock, valued at approximately $48,096.30. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Robert S. Colligan purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were acquired at an average price of $15.84 per share, with a total value of $158,400.00. Following the purchase, the chief financial officer now owns 10,000 shares in the company, valued at $158,400. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by company insiders.

Institutional Trading of Dynex Capital

A number of large investors have recently bought and sold shares of the business. O Dell Group LLC acquired a new stake in shares of Dynex Capital in the 1st quarter worth $32,000. Tradition Wealth Management LLC increased its holdings in shares of Dynex Capital by 100.0% in the 1st quarter. Tradition Wealth Management LLC now owns 2,000 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,000 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Dynex Capital in the 2nd quarter valued at about $32,000. PNC Financial Services Group Inc. increased its holdings in Dynex Capital by 1,862.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,688 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 2,551 shares in the last quarter. Finally, Amalgamated Bank purchased a new position in Dynex Capital during the 1st quarter valued at about $70,000. Institutional investors and hedge funds own 38.20% of the company’s stock.

About Dynex Capital

(Get Rating)

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.

Further Reading

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