Dynex Capital (NYSE:DX - Get Free Report) released its earnings results on Monday. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.39), Yahoo Finance reports. Dynex Capital had a net margin of 4.63% and a negative return on equity of 6.08%. 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) EPS.
Dynex Capital Price Performance
Shares of Dynex Capital stock traded down $0.08 during trading hours on Tuesday, reaching $12.47. The company's stock had a trading volume of 2,326,507 shares, compared to its average volume of 1,483,883. The firm has a 50 day moving average price of $12.48 and a 200-day moving average price of $12.20. Dynex Capital has a one year low of $9.57 and a one year high of $13.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $931.63 million, a P/E ratio of 208.67 and a beta of 1.33.
Dynex Capital Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This is an increase from Dynex Capital's previous monthly dividend of $0.13. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.43%. Dynex Capital's payout ratio is 2,600.00%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on DX. StockNews.com downgraded shares of Dynex Capital from a "hold" rating to a "sell" rating in a report on Wednesday, July 31st. JMP Securities reiterated a "market perform" rating on shares of Dynex Capital in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $13.35.
Read Our Latest Analysis on DX
Dynex Capital Company Profile
(
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.
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