Dynex Capital, Inc. (DX) Shares Sold by Advisors Asset Management Inc.
Advisors Asset Management Inc. cut its stake in Dynex Capital, Inc. (NYSE:DX) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 151,060 shares of the real estate investment trust’s stock after selling 3,662 shares during the period. Advisors Asset Management Inc. owned about 0.31% of Dynex Capital worth $1,073,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Family Management Corp bought a new position in Dynex Capital during the first quarter valued at $109,000. Bank of America Corp DE raised its stake in Dynex Capital by 34.5% in the first quarter. Bank of America Corp DE now owns 15,598 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 4,002 shares in the last quarter. HighTower Advisors LLC raised its stake in Dynex Capital by 3.5% in the first quarter. HighTower Advisors LLC now owns 16,723 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 563 shares in the last quarter. Sterneck Capital Management LLC acquired a new stake in Dynex Capital during the first quarter worth approximately $163,000. Finally, Hancock Holding Co. raised its stake in Dynex Capital by 20.0% in the first quarter. Hancock Holding Co. now owns 25,593 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 4,266 shares in the last quarter. Hedge funds and other institutional investors own 44.41% of the company’s stock.
Dynex Capital, Inc. (NYSE DX) opened at 7.09 on Wednesday. The firm has a market cap of $349.07 million, a price-to-earnings ratio of 4.60 and a beta of 0.85. The stock has a 50 day moving average of $7.00 and a 200 day moving average of $6.94. Dynex Capital, Inc. has a one year low of $6.49 and a one year high of $7.61.
Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Dynex Capital had a net margin of 93.54% and a return on equity of 11.04%. The company had revenue of $16.10 million during the quarter, compared to analyst estimates of $14.26 million. During the same period in the prior year, the business posted $0.21 EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. Equities research analysts predict that Dynex Capital, Inc. will post $0.72 EPS for the current fiscal year.
A number of research firms have commented on DX. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $7.00 target price on shares of Dynex Capital in a report on Tuesday, May 30th. Zacks Investment Research raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, BidaskClub lowered shares of Dynex Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.13.
In other Dynex Capital news, Director Barry Igdaloff sold 7,693 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $6.90, for a total value of $53,081.70. Following the completion of the transaction, the director now directly owns 317,185 shares in the company, valued at approximately $2,188,576.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.14% of the stock is currently owned by corporate insiders.
About Dynex Capital
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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