Dynex Capital (NYSE:DX) Releases Earnings Results, Misses Expectations By $0.39 EPS

Dynex Capital (NYSE:DX) released its earnings results on Monday. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.39), Yahoo Finance reports. The company had revenue of $83.46 million for the quarter, compared to the consensus estimate of $4.92 million. Dynex Capital had a negative return on equity of 6.08% and a net margin of 4.63%. During the same quarter in the previous year, the company posted ($0.28) EPS.

Dynex Capital Price Performance

Shares of DX opened at $12.56 on Tuesday. The company’s 50-day moving average is $12.48 and its 200-day moving average is $12.20. 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 firm has a market capitalization of $938.36 million, a PE ratio of 209.08 and a beta of 1.33. Dynex Capital has a fifty-two week low of $9.57 and a fifty-two week high of $13.13.

Dynex Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 25th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, October 25th. This represents a $1.56 dividend on an annualized basis and a yield of 12.42%. Dynex Capital’s dividend payout ratio (DPR) is 2,600.00%.

Analyst Ratings Changes

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