Dynex Capital (NYSE:DX) Posts Earnings Results, Misses Estimates By $0.39 EPS

Dynex Capital (NYSE:DX) issued its quarterly earnings results on Monday. The real estate investment trust reported ($0.10) EPS 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 period in the prior year, the company earned ($0.28) EPS.

Dynex Capital Stock Performance

Dynex Capital stock opened at $12.59 on Thursday. Dynex Capital has a 1-year low of $9.57 and a 1-year high of $13.13. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $808.38 million, a PE ratio of 10.76 and a beta of 1.33. The firm’s 50 day simple moving average is $12.49 and its 200 day simple moving average is $12.21.

Dynex Capital Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.80 annualized dividend and a yield of 14.30%. This is a boost from Dynex Capital’s previous monthly dividend of $0.13. Dynex Capital’s payout ratio is currently 133.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th. StockNews.com cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.35.

About Dynex Capital

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.