Dynex Capital (NYSE:DX) Releases Earnings Results, Beats Expectations By $0.06 EPS

Dynex Capital (NYSE:DX) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06, Zacks reports. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. The firm had revenue of $17.13 million for the quarter, compared to the consensus estimate of $11.41 million.

Dynex Capital Trading Down 1.8 %

NYSE:DX opened at $11.46 on Tuesday. The firm has a market capitalization of $1.10 billion, a PE ratio of 7.80 and a beta of 1.14. Dynex Capital has a 12 month low of $10.79 and a 12 month high of $14.52. The business’s 50-day moving average is $13.19 and its two-hundred day moving average is $12.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20.

Dynex Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Wednesday, April 23rd will be given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 17.80%. The ex-dividend date of this dividend is Wednesday, April 23rd. Dynex Capital’s dividend payout ratio (DPR) is presently 138.78%.

Wall Street Analyst Weigh In

DX has been the topic of several recent analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. StockNews.com raised Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Jones Trading dropped their target price on shares of Dynex Capital from $13.25 to $12.50 and set a “buy” rating on the stock in a research report on Monday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Dynex Capital from $13.25 to $12.50 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Dynex Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.13.

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.