Dynex Capital (NYSE:DX) Releases Quarterly Earnings Results

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 the consensus estimate of $0.38 by ($0.28), Zacks reports. Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%.

Dynex Capital Stock Performance

Shares of DX stock opened at $12.77 on Tuesday. The company has a market capitalization of $1.01 billion, a P/E ratio of 10.13 and a beta of 1.30. Dynex Capital has a 12-month low of $11.36 and a 12-month high of $13.13. The business’s 50 day moving average is $12.56 and its two-hundred day moving average is $12.46. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 23rd will be paid a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a dividend yield of 14.10%. The ex-dividend date of this dividend is Thursday, January 23rd. Dynex Capital’s payout ratio is currently 142.86%.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Dynex Capital presently has a consensus rating of “Moderate Buy” and an average price target of $13.56.

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.