Dynex Capital (NYSE:DX) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Dynex Capital reported quarterly EPS of $0.38, missing the consensus estimate of $0.39 by $0.01. The company posted a 49.18% net margin and 8.85% return on equity.
• Shares fell to $10.54 during Monday trading, near the stock’s 52-week low of $10.31. Analysts’ average rating is “Hold,” with an average price target of $13.94.
• Dynex declared a monthly dividend of $0.17 per share, equivalent to a $2.04 annualized payout and a 19.4% yield. The company’s CIO also purchased 2,500 shares at an average price of $11.18.

Dynex Capital (NYSE:DX - Get Free Report) announced its quarterly earnings results on Monday. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01), Zacks reports. Dynex Capital had a net margin of 49.18% and a return on equity of 8.85%.

Dynex Capital Price Performance

Shares of Dynex Capital stock traded down $0.39 during midday trading on Monday, reaching $10.54. The company had a trading volume of 3,120,352 shares, compared to its average volume of 5,989,781. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 4.00 and a beta of 0.98. The stock has a fifty day simple moving average of $12.15 and a 200 day simple moving average of $12.75. Dynex Capital has a 1-year low of $10.31 and a 1-year high of $14.93.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 22nd will be paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 19.4%. The ex-dividend date of this dividend is Thursday, October 22nd. Dynex Capital's dividend payout ratio is 77.57%.

Insider Transactions at Dynex Capital

In other news, CIO John Jr bought 2,500 shares of the stock in a transaction dated Friday, September 25th. The stock was bought at an average cost of $11.18 per share, with a total value of $27,950.00. Following the purchase, the executive owned 58,695 shares of the company's stock, valued at approximately $656,210.10. This represents a 4.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.76% of the company's stock.

Wall Street Analysts Forecast Growth

DX has been the subject of several recent analyst reports. Weiss Ratings lowered shares of Dynex Capital from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday. JonesTrading restated a "buy" rating and set a $14.75 price target on shares of Dynex Capital in a research report on Tuesday, July 21st. Keefe, Bruyette & Woods restated an "outperform" rating on shares of Dynex Capital in a research report on Tuesday, July 21st. Finally, BTIG Research set a $12.00 price target on Dynex Capital and gave the company a "buy" rating in a report on Tuesday, October 6th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $13.94.

Dynex Capital Company Profile

Dynex Capital, Inc NYSE: DX is a mortgage real estate investment trust that invests in mortgage-related assets. Its portfolio primarily consists of agency mortgage-backed securities, including securities backed by residential and commercial mortgages, as well as other mortgage assets.

The company uses financing arrangements, including repurchase agreements, to support its investment activities and seeks to generate income from the spread between the returns on its investments and its financing and operating costs.

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