Dynex Capital Inc. (NYSE:DX) declared a quarterly dividend on Thursday, September 15th. Stockholders of record on Wednesday, October 5th will be given a dividend of 0.21 per share on Monday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of 11.32%. The ex-dividend date is Monday, October 3rd.
Dynex Capital (NYSE:DX) opened at 7.42 on Friday. Dynex Capital has a 12-month low of $5.22 and a 12-month high of $7.61. The company’s market capitalization is $364.66 million. The stock’s 50 day moving average price is $7.39 and its 200 day moving average price is $6.94.
Dynex Capital (NYSE:DX) last released its earnings results on Wednesday, July 27th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $16.72 million for the quarter, compared to analysts’ expectations of $16.56 million. Dynex Capital had a positive return on equity of 13.04% and a negative net margin of 45.32%. The firm’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. On average, equities analysts anticipate that Dynex Capital will post $1.23 EPS for the current fiscal year.
In other Dynex Capital news, Director Thomas B. Akin sold 66,103 shares of Dynex Capital stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $7.51, for a total value of $496,433.53. Following the sale, the director now owns 1,270,289 shares in the company, valued at $9,539,870.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas B. Akin sold 39,541 shares of Dynex Capital stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $7.45, for a total value of $294,580.45. Following the completion of the sale, the director now owns 1,173,150 shares in the company, valued at approximately $8,739,967.50. The disclosure for this sale can be found here. 9.70% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of DX. C M Bidwell & Associates Ltd. acquired a new stake in Dynex Capital during the second quarter worth approximately $181,000. Parametric Portfolio Associates LLC increased its stake in Dynex Capital by 18.0% in the second quarter. Parametric Portfolio Associates LLC now owns 444,832 shares of the company’s stock worth $3,087,000 after buying an additional 67,958 shares in the last quarter. KCG Holdings Inc. acquired a new stake in Dynex Capital during the second quarter worth approximately $199,000. Mackenzie Financial Corp increased its stake in Dynex Capital by 36.6% in the second quarter. Mackenzie Financial Corp now owns 20,166 shares of the company’s stock worth $140,000 after buying an additional 5,398 shares in the last quarter. Finally, Advisor Group Inc. acquired a new stake in Dynex Capital during the second quarter worth approximately $103,000. Institutional investors own 43.87% of the company’s stock.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised Dynex Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Credit Suisse Group AG reissued a “hold” rating and set a $7.25 price objective on shares of Dynex Capital in a research note on Friday, September 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Dynex Capital has a consensus rating of “Hold” and a consensus target price of $7.20.
Dynex Capital Company Profile
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.
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