Dynex Capital (NYSE:DX) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Dynex Capital (NYSE:DX) released its quarterly earnings data on Monday. The real estate investment trust reported $0.20 earnings per share (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%.

Dynex Capital Stock Performance

Shares of DX opened at $11.34 on Monday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 7.72 and a beta of 1.14. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $13.23 and a 200 day moving average of $12.81. Dynex Capital has a 12 month low of $10.79 and a 12 month high of $14.52.

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Wednesday, April 23rd will be issued a $0.17 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 18.00%. Dynex Capital’s dividend payout ratio is presently 138.78%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods lowered their target price on shares of Dynex Capital from $13.25 to $12.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. StockNews.com upgraded Dynex Capital from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

Dynex Capital Company Profile

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.