Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Dynex Capital (DX) Stock Price
Headlines about Dynex Capital (NYSE:DX) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Dynex Capital earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 47.075131437255 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern’s rankings:
- National Oilwell Varco, Inc. (NOV) Position Decreased by Alliancebernstein LP Last Quarter (overnewsmagazine.com)
- National Oilwell Varco, Inc. (NYSE:NOV) Cut to Strong Sell at BidaskClub (famososartistas.com)
- Gold prices at 2-month highs as geopolitical tensions escalate (finance.yahoo.com)
- Swiss franc, yen ease after surging on North Korea concerns (finance.yahoo.com)
- The Day Ahead: Top 3 things to watch (finance.yahoo.com)
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Dynex Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub downgraded Dynex Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Dynex Capital in a research note on Tuesday, May 30th. Five investment analysts have rated the stock with a hold rating, Dynex Capital currently has an average rating of “Hold” and an average target price of $7.13.
Shares of Dynex Capital (DX) traded down 0.28% during midday trading on Friday, hitting $7.09. The stock had a trading volume of 368,381 shares. The stock has a 50-day moving average price of $6.98 and a 200-day moving average price of $6.90. The stock has a market cap of $349.07 million, a P/E ratio of 4.60 and a beta of 0.85. Dynex Capital has a 12-month low of $6.49 and a 12-month high of $7.61.
Dynex Capital (NYSE:DX) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $16.10 million for the quarter, compared to analyst estimates of $14.26 million. Dynex Capital had a return on equity of 11.04% and a net margin of 93.54%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS. Equities analysts forecast that Dynex Capital will post $0.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Thursday, July 6th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 10.16%. The ex-dividend date was Monday, July 3rd. Dynex Capital’s dividend payout ratio (DPR) is presently 46.75%.
In other Dynex Capital news, Director Barry Igdaloff sold 7,693 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $6.90, for a total value of $53,081.70. Following the transaction, the director now directly owns 317,185 shares of the company’s stock, valued at $2,188,576.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.14% of the company’s stock.
About Dynex Capital
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.
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