Dynex Capital (NYSE:DX) Announces Quarterly Earnings Results

Dynex Capital (NYSE:DX) issued its earnings results on Monday. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.39), Yahoo Finance reports. The firm had revenue of $83.46 million during the quarter, compared to analyst estimates of $4.92 million. Dynex Capital had a net margin of 4.63% and a negative return on equity of 6.08%. During the same quarter in the previous year, the firm posted ($0.28) earnings per share.

Dynex Capital Stock Up 0.1 %

Shares of NYSE:DX opened at $12.56 on Tuesday. The business has a fifty day simple moving average of $12.48 and a 200 day simple moving average of $12.20. Dynex Capital has a 12-month low of $9.57 and a 12-month high of $13.13. The firm has a market cap of $938.36 million, a P/E ratio of 209.08 and a beta of 1.33. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.02.

Dynex Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 25th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.56 dividend on an annualized basis and a yield of 12.42%. Dynex Capital’s payout ratio is 2,600.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DX shares. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. StockNews.com downgraded Dynex Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.