Dynex Capital Inc. (DX) Sees Strong Trading Volume
Dynex Capital Inc. (NYSE:DX) shares saw unusually-strong trading volume on Tuesday . Approximately 557,101 shares were traded during mid-day trading, an increase of 67% from the previous session’s volume of 334,053 shares.The stock last traded at $6.67 and had previously closed at $6.68.
A number of equities research analysts have weighed in on DX shares. Zacks Investment Research raised Dynex Capital from a “sell” rating to a “hold” rating in a report on Monday, May 30th. Ladenburg Thalmann downgraded Dynex Capital from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a report on Thursday, April 28th. Finally, TheStreet downgraded Dynex Capital from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.61.
The company’s 50-day moving average price is $6.77 and its 200 day moving average price is $6.49. The stock’s market capitalization is $327.48 million.
Dynex Capital (NYSE:DX) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.02. During the same period in the prior year, the company earned $0.23 EPS. On average, equities analysts predict that Dynex Capital Inc. will post $1.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Wednesday, July 6th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 12.57%. The ex-dividend date of this dividend is Friday, July 1st.
In related news, Director Thomas B. Akin sold 50,957 shares of the stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $6.64, for a total value of $338,354.48. Following the completion of the transaction, the director now directly owns 1,308,472 shares of the company’s stock, valued at $8,688,254.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas B. Akin sold 57,421 shares of the stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $6.64, for a total transaction of $381,275.44. Following the completion of the transaction, the director now directly owns 1,308,472 shares of the company’s stock, valued at $8,688,254.08. The disclosure for this sale can be found here.
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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