Savant Capital LLC Purchases New Shares in Dynex Capital, Inc. $DX

Savant Capital LLC acquired a new stake in shares of Dynex Capital, Inc. (NYSE:DX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,088 shares of the real estate investment trust’s stock, valued at approximately $123,000.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in shares of Dynex Capital by 12.6% during the first quarter. Bank of New York Mellon Corp now owns 219,363 shares of the real estate investment trust’s stock valued at $2,856,000 after purchasing an additional 24,496 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Dynex Capital by 20.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 32,776 shares of the real estate investment trust’s stock valued at $427,000 after buying an additional 5,655 shares during the last quarter. CWM LLC lifted its position in shares of Dynex Capital by 271.9% during the 1st quarter. CWM LLC now owns 3,154 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 2,306 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Dynex Capital in the 1st quarter worth approximately $618,000. Finally, Kovack Advisors Inc. boosted its stake in shares of Dynex Capital by 15.8% in the 1st quarter. Kovack Advisors Inc. now owns 22,685 shares of the real estate investment trust’s stock worth $295,000 after buying an additional 3,100 shares during the last quarter. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

Shares of DX opened at $13.40 on Friday. Dynex Capital, Inc. has a 1 year low of $10.79 and a 1 year high of $14.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.19 and a quick ratio of 1.30. The stock’s fifty day moving average price is $13.01 and its two-hundred day moving average price is $12.63. The firm has a market cap of $1.97 billion, a PE ratio of 9.05 and a beta of 0.97.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.19). Dynex Capital had a return on equity of 6.65% and a net margin of 41.53%.The firm had revenue of $421.91 million for the quarter, compared to the consensus estimate of $32.06 million. On average, equities research analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 21st will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 15.2%. Dynex Capital’s payout ratio is 137.84%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

DX has been the subject of a number of research analyst reports. Jones Trading reaffirmed a “buy” rating and set a $14.00 price target on shares of Dynex Capital in a research report on Monday, October 20th. UBS Group set a $13.25 target price on Dynex Capital and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.42.

About Dynex Capital

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.