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Thursday, June 8, 2023

An Evaluation Of Dynex Capital Inc. (NYSE: DX) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Dynex Capital Inc. (DX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.12, or 1.01%, to $11.98. The Dynex Capital Inc. has recorded 8,274 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Dynex Capital, Inc. Announces First Quarter 2023 Results.

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Stocks Info

DX belongs to the Real Estate sector of the NYSE while operating in the REIT – Mortgage industry. At the end of the last regular session, the stock closed at $11.86 and fluctuated between $12.00 as its day high and $11.78 as its day low. The current market capitalization of Dynex Capital Inc. is $635.46M. A total of 0.7 million shares were traded on the day, compared to an average of 1.10M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, DX has seen 5 BUY and 6 SELL insider trades, representing the acquisition of 118,191 and the disposition of 15,229 shares. Over the last 12 months, there were 19 BUYs and 12 SELLs from insiders. Insiders purchased 187,693 shares during that period but sold 45,145.

In the most recent transaction, COLLIGAN ROBERT S bought 8,000 shares of DX for 12.16 per share on Mar 14. After the transaction, the EVP and CFO now owns 40,416 company shares. In a previous transaction on Oct 26, BOSTON BYRON L bought 2,500 shares at 11.61 per share. DX shares that CEO and Co-CIO owns now total 402,634.

Among the insiders who bought shares, BOSTON BYRON L acquired of 12,000 shares on Oct 25 at a per-share price of $10.92. This resulted in the CEO and Co-CIO holding 400,134 shares of DX after the transaction. In another insider transaction, Popenoe Smriti Laxman bought 2,000 shares at $15.50 per share on Sep 02. Company shares held by the President and Co-CIO now total 124,526.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. DX’s most recent ex-dividend date was 4/20/2023 when it declared a $0.13 quarterly dividend that was paid in cash on 5/1/2023. Previously, the company paid the dividend on 4/3/2023 with an ex-dividend date of 3/20/2023. The DX stock dividend was $0.13 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for DX in the last 3 months, the mean price target is $14.67 with high estimates of $15.50 and low estimates of $13.50. In terms of 52-week highs and lows, DX has a high of $17.06 and a low of $10.60.

As of this writing, DX has an earnings estimate of $0.1 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.4 per share and a lower estimate of -$0.22. The company reported an EPS of $0.03 in the last quarter, which was -85.00% lower than expectations of $0.2.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $16.32, while its Total Shareholder’s Equity was $771.28M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 4 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DX is Buy with a score of 4.50. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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