Koshinski Asset Management Inc. Purchases 2,385 Shares of Dynex Capital, Inc. $DX

Koshinski Asset Management Inc. raised its position in Dynex Capital, Inc. (NYSE:DX) by 19.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,790 shares of the real estate investment trust’s stock after purchasing an additional 2,385 shares during the period. Koshinski Asset Management Inc.’s holdings in Dynex Capital were worth $181,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Amalgamated Bank increased its stake in Dynex Capital by 50.5% in the first quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 973 shares in the last quarter. CWM LLC increased its stake in Dynex Capital by 271.9% in the first quarter. CWM LLC now owns 3,154 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 2,306 shares in the last quarter. US Bancorp DE increased its stake in Dynex Capital by 35.2% in the first quarter. US Bancorp DE now owns 5,134 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,338 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Dynex Capital by 89.7% in the first quarter. Russell Investments Group Ltd. now owns 7,721 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 3,650 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Dynex Capital in the first quarter valued at approximately $150,000. Institutional investors own 38.34% of the company’s stock.

Analyst Ratings Changes

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

Dynex Capital Trading Down 1.1%

DX opened at $13.28 on Wednesday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 8.97 and a beta of 0.92. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.52. The firm’s fifty day simple moving average is $12.63 and its 200 day simple moving average is $12.38. 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 (NYSE:DX) last released its earnings results on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.19). The business had revenue of $30.61 million during the quarter, compared to the consensus estimate of $32.06 million. Dynex Capital had a net margin of 41.53% and a return on equity of 7.37%. As a group, research analysts anticipate that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Thursday, October 23rd will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, October 23rd. This represents a c) dividend on an annualized basis and a yield of 15.4%. Dynex Capital’s dividend payout ratio (DPR) is 261.54%.

Insiders Place Their Bets

In other Dynex Capital news, CFO Robert S. Colligan bought 4,200 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was acquired at an average price of $12.12 per share, with a total value of $50,904.00. Following the completion of the transaction, the chief financial officer owned 120,857 shares in the company, valued at approximately $1,464,786.84. This trade represents a 3.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Smriti Laxman Popenoe bought 4,260 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was acquired at an average cost of $12.16 per share, with a total value of $51,801.60. Following the transaction, the chief executive officer owned 407,338 shares of the company’s stock, valued at $4,953,230.08. This represents a 1.06% increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by company insiders.

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.