Dynex Capital (NYSE:DX - Get Free Report) announced its quarterly earnings results on Monday. The real estate investment trust reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06, Zacks reports. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. The business had revenue of $17.13 million for the quarter, compared to analyst estimates of $11.41 million.
Dynex Capital Stock Performance
Shares of DX traded up $0.26 during mid-day trading on Friday, hitting $12.24. 3,211,629 shares of the company's stock were exchanged, compared to its average volume of 2,278,769. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital has a 52 week low of $10.79 and a 52 week high of $14.52. The stock's 50-day simple moving average is $13.06 and its 200-day simple moving average is $12.79. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 8.33 and a beta of 1.14.
Dynex Capital Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Wednesday, April 23rd will be given a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 16.67%. The ex-dividend date of this dividend is Wednesday, April 23rd. Dynex Capital's payout ratio is 264.94%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on DX. JMP Securities reaffirmed a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. 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 report on Tuesday, April 8th. StockNews.com cut Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Jones Trading reduced 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, April 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $12.83.
Check Out Our Latest Stock Report on Dynex Capital
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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