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

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

Dynex Capital Stock Up 0.9 %

NYSE DX traded up $0.11 during trading hours on Thursday, hitting $11.97. 3,982,672 shares of the company traded hands, compared to its average volume of 2,271,171. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 8.14 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. Dynex Capital has a twelve month low of $10.79 and a twelve month high of $14.52. The business's 50-day moving average is $13.12 and its 200-day moving average is $12.79.

Dynex Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 17.04%. The ex-dividend date of this dividend is Wednesday, April 23rd. Dynex Capital's dividend payout ratio is 138.78%.

Analysts Set New Price Targets

A number of analysts recently weighed in on DX shares. Jones Trading lowered 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 note on Monday. StockNews.com raised Dynex Capital from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods decreased their price target on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, JMP Securities reiterated a "market perform" rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" 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.