Dynex Capital (NYSE:DX) Issues Quarterly Earnings Results, Misses Estimates By $0.30 EPS

Dynex Capital (NYSE:DX) issued its quarterly earnings results on Monday. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.30), Yahoo Finance reports. Dynex Capital had a negative return on equity of 6.41% and a net margin of 4.63%. The business had revenue of $76.05 million during the quarter. During the same period in the previous year, the company posted ($0.27) earnings per share.

Dynex Capital Price Performance

Shares of DX stock traded down $0.15 during mid-day trading on Wednesday, hitting $12.30. 806,228 shares of the stock were exchanged, compared to its average volume of 1,377,765. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01. Dynex Capital has a 52-week low of $9.57 and a 52-week high of $13.56. The firm has a fifty day moving average of $12.10 and a 200 day moving average of $12.20. The company has a market cap of $789.78 million, a PE ratio of 10.64 and a beta of 1.34.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Tuesday, July 23rd will be given a $0.13 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.68%. Dynex Capital’s dividend payout ratio (DPR) is currently 133.33%.

Wall Street Analyst Weigh In

DX has been the subject of several research analyst reports. Jonestrading reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Dynex Capital in a research report on Monday, April 22nd. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research report on Thursday, April 18th. Janney Montgomery Scott began coverage on Dynex Capital in a research report on Thursday, June 6th. They set a “buy” rating and a $13.50 price target for the company. StockNews.com raised Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Compass Point initiated coverage on shares of Dynex Capital in a report on Friday, April 12th. They issued a “buy” rating and a $14.50 price target on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.35.

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.