Jackson Thornton Wealth Management LLC Decreases Holdings in Dynex Capital, Inc. $DX

Jackson Thornton Wealth Management LLC cut its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,621 shares of the real estate investment trust’s stock after selling 5,463 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in Dynex Capital were worth $582,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. International Assets Investment Management LLC raised its stake in shares of Dynex Capital by 13.3% during the second quarter. International Assets Investment Management LLC now owns 37,926 shares of the real estate investment trust’s stock worth $463,000 after acquiring an additional 4,463 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in shares of Dynex Capital by 19.2% in the second quarter. Koshinski Asset Management Inc. now owns 14,790 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 2,385 shares during the period. PDS Planning Inc increased its stake in shares of Dynex Capital by 22.1% in the second quarter. PDS Planning Inc now owns 31,082 shares of the real estate investment trust’s stock worth $380,000 after buying an additional 5,635 shares during the period. KLP Kapitalforvaltning AS increased its stake in shares of Dynex Capital by 45.3% in the second quarter. KLP Kapitalforvaltning AS now owns 19,900 shares of the real estate investment trust’s stock worth $246,000 after buying an additional 6,200 shares during the period. Finally, BayBridge Capital Group LLC increased its stake in shares of Dynex Capital by 5.9% in the second quarter. BayBridge Capital Group LLC now owns 25,910 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 1,437 shares during the period. 38.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DX has been the topic of several analyst reports. Jones Trading reaffirmed a “buy” rating and issued a $14.00 target price on shares of Dynex Capital in a research note on Monday. UBS Group set a $13.25 price objective on shares of Dynex Capital and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Dynex Capital in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Dynex Capital currently has an average rating of “Hold” and a consensus price target of $13.42.

Insider Transactions at Dynex Capital

In other Dynex Capital news, CEO Smriti Laxman Popenoe acquired 4,260 shares of the business’s stock in a transaction 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 completion of the acquisition, the chief executive officer owned 407,338 shares in the company, valued at $4,953,230.08. This trade represents a 1.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert S. Colligan acquired 4,200 shares of the business’s stock in a transaction on Friday, September 26th. The stock was acquired at an average price of $12.12 per share, for a total transaction of $50,904.00. Following the acquisition, the chief financial officer owned 120,857 shares of the company’s stock, valued at approximately $1,464,786.84. This trade represents a 3.60% increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

Dynex Capital Stock Performance

Shares of DX stock opened at $13.42 on Tuesday. The company’s fifty day moving average price is $12.62 and its 200-day moving average price is $12.37. The stock has a market cap of $1.74 billion, a PE ratio of 17.20 and a beta of 0.92. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.52.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.19). The business had revenue of $30.61 million for the quarter, compared to analysts’ expectations of $32.06 million. Dynex Capital had a net margin of 17.27% and a return on equity of 4.19%. On average, equities analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, October 23rd will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 15.2%. The ex-dividend date is Thursday, October 23rd. Dynex Capital’s dividend payout ratio is 261.54%.

Dynex Capital 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.