Dynex Capital (NYSE:DX) Announces Earnings Results

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

Dynex Capital Stock Up 1.0 %

DX stock opened at $12.91 on Wednesday. Dynex Capital has a 52-week low of $11.36 and a 52-week high of $13.13. The company’s 50 day simple moving average is $12.56 and its 200-day simple moving average is $12.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $1.02 billion, a P/E ratio of 10.24 and a beta of 1.30.

Dynex Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 23rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.95%. Dynex Capital’s dividend payout ratio is currently 142.86%.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.