On February 17, the CEO and Co-CIO of Dynex Capital (DX), Byron Boston, bought shares of DX for $100K.
Following Byron Boston’s last DX Buy transaction on March 20, 2020, the stock climbed by 7.9%. Following this transaction Byron Boston’s holding in the company was increased by 1.63% to a total of $6.53 million.
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The company has a one-year high of $20.34 and a one-year low of $7.04. Currently, Dynex Capital has an average volume of 474.66K. DX’s market cap is $504 million and the company has a P/E ratio of 2.70.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $18.75, reflecting a 0.1% upside.
The insider sentiment on Dynex Capital has been positive according to 31 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Dynex Capital, Inc. is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage-backed securities on a leveraged basis. It primarily invests in Agency and non-Agency mortgage-backed securities (MBS) consisting of residential MBS (RMBS), commercial MBS (CMBS), and CMBS interest-only (IO) securities. The Agency RMBS investments include MBS collateralized by adjustable-rate mortgage loans and hybrid adjustable-rate mortgage loans. The firm generally invests in senior classes of non-Agency RMBS. The CMBS investments are primarily fixed-rate Agency-issued securities backed by multifamily housing loans; as well as both Agency and non-Agency issued securities backed by other commercial real estate property types such as office building, retail, hospitality, and healthcare. The CMBS IO include interest-only securities that are issued as part of a CMBS securitization. The company invests in both Agency-issued and non-Agency issued CMBS IO. Dynex Capital was founded on December 18, 1987 and is headquartered in Glen Allen, VA.
