Dynex Capital (NYSE:DX) Releases Quarterly Earnings Results, Misses Estimates By $0.39 EPS

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

Dynex Capital Stock Up 1.0 %

DX stock opened at $12.59 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average price of $12.49 and a two-hundred day moving average price of $12.21. Dynex Capital has a twelve month low of $9.57 and a twelve month high of $13.13. The company has a market cap of $808.38 million, a price-to-earnings ratio of 10.76 and a beta of 1.33.

Dynex Capital Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be paid a $0.15 dividend. This is a boost from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.80 annualized dividend and a yield of 14.30%. Dynex Capital’s payout ratio is presently 133.33%.

Analysts Set New Price Targets

A number of research analysts have recently commented on DX shares. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th. StockNews.com downgraded shares of Dynex Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.35.

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.