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

Dynex Capital (NYSE:DX - Get Free Report) announced its earnings results on Monday. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.06, Zacks reports. The company had revenue of $17.13 million for the quarter, compared to analyst estimates of $11.41 million. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%.

Dynex Capital Stock Up 0.6 %

NYSE DX traded up $0.07 on Friday, hitting $12.05. 327,927 shares of the company were exchanged, compared to its average volume of 2,264,028. Dynex Capital has a 12 month low of $10.79 and a 12 month high of $14.52. The stock has a fifty day moving average of $13.09 and a 200-day moving average of $12.79. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.16 billion, a PE ratio of 8.18 and a beta of 1.14.

Dynex Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Wednesday, April 23rd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.04 dividend on an annualized basis and a yield of 16.93%. Dynex Capital's payout ratio is 138.78%.

Wall Street Analysts Forecast Growth

DX has been the subject of a number of analyst reports. Jones Trading reduced their price objective on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating for the company in a research note on Monday. StockNews.com cut Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday. Keefe, Bruyette & Woods decreased their price objective on shares of Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, JMP Securities reissued a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.83.

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.