Dynex Capital (NYSE:DX) Announces Quarterly Earnings Results

Dynex Capital (NYSE:DX) issued its quarterly earnings results on Monday. The real estate investment trust reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.30), Yahoo Finance reports. The business had revenue of $76.05 million for the quarter. Dynex Capital had a net margin of 4.63% and a negative return on equity of 6.41%. During the same quarter in the prior year, the firm earned ($0.27) EPS.

Dynex Capital Stock Performance

Shares of DX stock opened at $12.28 on Thursday. The company’s 50-day moving average is $12.09 and its 200 day moving average is $12.20. Dynex Capital has a one year low of $9.57 and a one year high of $13.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $788.50 million, a price-to-earnings ratio of 10.50 and a beta of 1.34.

Dynex Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Tuesday, July 23rd will be issued a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 12.70%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dynex Capital’s dividend payout ratio (DPR) is 133.33%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a report on Thursday, April 18th. Jonestrading reissued a “buy” rating and issued a $14.00 target price on shares of Dynex Capital in a research note on Monday, April 22nd. Keefe, Bruyette & Woods reduced their price target on Dynex Capital from $13.50 to $12.25 and set an “outperform” rating on the stock in a research report on Tuesday, April 23rd. StockNews.com upgraded Dynex Capital from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Compass Point started coverage on Dynex Capital in a research report on Friday, April 12th. They issued a “buy” rating and a $14.50 price objective on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.35.

Dynex Capital Company Profile

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.