Dynex Capital (NYSE:DX) Releases Quarterly Earnings Results, Misses Expectations By $0.27 EPS

Dynex Capital (NYSE:DX - Get Free Report) announced its earnings results on Monday. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.27), Zacks reports. The firm had revenue of $23.13 million for the quarter, compared to the consensus estimate of $21.20 million. Dynex Capital had a return on equity of 4.53% and a net margin of 17.27%.

Dynex Capital Price Performance

Shares of NYSE:DX traded down $0.08 during trading on Thursday, hitting $12.68. 1,920,924 shares of the company were exchanged, compared to its average volume of 3,565,982. The company has a market cap of $1.36 billion, a PE ratio of 16.25 and a beta of 0.92. The stock has a 50 day moving average of $12.33 and a 200 day moving average of $12.72. Dynex Capital has a 52-week low of $10.79 and a 52-week high of $14.52.

Dynex Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Wednesday, July 23rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $2.04 annualized dividend and a dividend yield of 16.09%. Dynex Capital's dividend payout ratio is currently 261.54%.

Institutional Investors Weigh In On Dynex Capital

An institutional investor recently raised its position in Dynex Capital stock. AQR Capital Management LLC increased its holdings in Dynex Capital, Inc. (NYSE:DX - Free Report) by 54.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,183 shares of the real estate investment trust's stock after purchasing an additional 36,455 shares during the quarter. AQR Capital Management LLC owned approximately 0.10% of Dynex Capital worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on DX. Keefe, Bruyette & Woods raised their price objective on Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Jones Trading raised their price objective on Dynex Capital from $12.50 to $13.00 and gave the company a "buy" rating in a report on Monday. Wall Street Zen downgraded Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. Finally, UBS Group reaffirmed a "neutral" rating and set a $12.50 target price (up from $11.00) on shares of Dynex Capital in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.