Dynex Capital (NYSE:DX) Posts Earnings Results, Misses Expectations By $0.39 EPS

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

Dynex Capital Stock Up 1.0 %

Shares of DX stock opened at $12.59 on Thursday. The stock has a 50 day moving average of $12.49 and a 200 day moving average of $12.21. The stock has a market cap of $808.38 million, a P/E ratio of 10.76 and a beta of 1.33. Dynex Capital has a twelve month low of $9.57 and a twelve month high of $13.13. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.02.

Dynex Capital Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.15 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 14.30%. Dynex Capital’s payout ratio is presently 133.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. StockNews.com cut Dynex Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.35.

Check Out Our Latest Report on Dynex Capital

About Dynex Capital

(Get Free Report)

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.

See Also

Earnings History for Dynex Capital (NYSE:DX)

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