Dynex Capital (NYSE:DX) Releases Quarterly Earnings Results, Misses Estimates By $0.30 EPS

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

Dynex Capital Stock Down 1.4 %

Shares of NYSE:DX opened at $12.28 on Thursday. Dynex Capital has a 1 year low of $9.57 and a 1 year high of $13.56. The firm has a market capitalization of $788.50 million, a PE ratio of 10.50 and a beta of 1.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.18. The firm’s 50-day moving average is $12.09 and its two-hundred day moving average is $12.20.

Dynex Capital Dividend Announcement

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

Analyst Ratings Changes

DX has been the topic of several research analyst reports. Janney Montgomery Scott initiated coverage on shares of Dynex Capital in a report on Thursday, June 6th. They issued a “buy” rating and a $13.50 price objective on the stock. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Thursday, April 18th. Jonestrading restated a “buy” rating and issued a $14.00 price objective on shares of Dynex Capital in a report on Monday, April 22nd. Compass Point initiated coverage on shares of Dynex Capital in a report on Friday, April 12th. They issued a “buy” rating and a $14.50 price objective on the stock. Finally, StockNews.com upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.