Dynex Capital (NYSE:DX) Stock: Insider Michael Andrew Sartori Buys 1,000 Shares

Dynex Capital, Inc. (NYSE:DX) CFO Michael Andrew Sartori acquired 1,000 shares of the stock in a transaction on Tuesday, October 20th. The stock was acquired at an average cost of $10.70 per share, for a total transaction of $10,700.00. Following the acquisition, the chief financial officer directly owned 36,579 shares in the company, valued at $391,395.30. This represents a 2.81% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Dynex Capital Stock Performance

NYSE DX opened at $11.04 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $12.03 and its two-hundred day moving average is $12.71. Dynex Capital, Inc. has a 12-month low of $10.31 and a 12-month high of $14.93. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 52.55 and a beta of 0.98.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, October 19th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $101.56 million for the quarter, compared to analysts’ expectations of $113.48 million. Dynex Capital had a positive return on equity of 10.45% and a negative net margin of 4.65%.

Dynex Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 22nd will be paid a $0.17 dividend. The ex-dividend date is Thursday, October 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 18.5%. Dynex Capital’s payout ratio is 971.43%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a research report on Tuesday. BTIG Research set a $12.00 target price on Dynex Capital and gave the company a “buy” rating in a report on Tuesday, October 6th. JonesTrading decreased their target price on shares of Dynex Capital from $14.75 to $12.50 and set a “buy” rating on the stock in a research report on Monday. Finally, Weiss Ratings lowered shares of Dynex Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 16th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.38.

Key Stories Impacting Dynex Capital

Here are the key news stories impacting Dynex Capital this week:

• Positive Sentiment: CEO Byron Boston purchased 9,180 shares for approximately $100,000, adding to his already substantial position. The purchase may signal management’s view that the stock is undervalued after its recent decline. Byron Boston insider purchase
• Positive Sentiment: CFO Michael Sartori bought 1,000 shares for $10,700, while CEO Smriti Popenoe previously purchased 12,000 shares for $156,600. These insider transactions increase executive ownership and could support investor confidence. Dynex Capital insider buying
• Neutral Sentiment: Management said stable funding, limited refinancing needs and attractive mortgage-backed securities spreads could support future earnings, although those benefits depend on market conditions and portfolio values. Dynex Capital earnings call highlights
• Negative Sentiment: Third-quarter results fell short of expectations. Dynex reported adjusted earnings of $0.38 per share versus a $0.39 consensus and revenue of $101.56 million versus estimates of $113.48 million. The company also reported a $335.5 million net loss, while book value per share dropped to $10.91 from $12.90 as wider agency MBS spreads reduced portfolio values. Dynex Capital shares gap down following weak earnings
• Negative Sentiment: JonesTrading reduced its price target from $14.75 to $12.50, and a law firm announced an investigation into potential securities-law violations related to the company’s October 19 disclosures. The investigation is only an allegation at this stage, but it adds reputational and legal uncertainty. JonesTrading price target update Dynex Capital securities investigation

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Advisors Network LLC increased its holdings in Dynex Capital by 25.1% in the third quarter. Integrated Advisors Network LLC now owns 27,065 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 5,437 shares in the last quarter. Parisi Gray Wealth Management acquired a new stake in shares of Dynex Capital during the 3rd quarter valued at approximately $151,000. Firethorn Wealth Partners LLC acquired a new stake in shares of Dynex Capital during the 3rd quarter valued at approximately $144,000. Focus Financial Network Inc. purchased a new stake in shares of Dynex Capital during the 3rd quarter worth approximately $139,000. Finally, Fermata Advisors LLC boosted its stake in shares of Dynex Capital by 47.2% during the 3rd quarter. Fermata Advisors LLC now owns 25,386 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 8,136 shares in the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

About Dynex Capital

Dynex Capital, Inc (NYSE: DX) is an internally managed real estate investment trust that invests in mortgage-related assets. The company primarily focuses on agency mortgage-backed securities, including securities backed by the U.S. government or government-sponsored enterprises, as well as selected non-agency residential and commercial mortgage-backed securities.

Dynex Capital uses financing and other investment strategies to generate income from its portfolio of mortgage assets. Its investments are tied primarily to the U.S.