Dynex Capital (NYSE:DX) Posts Quarterly Earnings Results, Misses Estimates By $0.28 EPS

Dynex Capital (NYSE:DX) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28), Zacks reports. Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%.

Dynex Capital Stock Performance

DX traded up $0.13 on Monday, reaching $12.76. The stock had a trading volume of 759,421 shares, compared to its average volume of 2,038,473. The business’s 50-day moving average price is $12.56 and its two-hundred day moving average price is $12.46. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital has a 12-month low of $11.36 and a 12-month high of $13.13. The company has a market cap of $1.01 billion, a P/E ratio of 10.17 and a beta of 1.30.

Dynex Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 23rd will be issued a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of 14.11%. The ex-dividend date of this dividend is Thursday, January 23rd. Dynex Capital’s dividend payout ratio (DPR) is presently 142.86%.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Dynex Capital currently has an average rating of “Moderate Buy” and a consensus target price of $13.56.

About Dynex Capital

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.