Dynex Capital (NYSE:DX) Announces Earnings Results

Dynex Capital (NYSE:DX) released its earnings results on Monday. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01), Zacks reports. Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%.

Dynex Capital Trading Down 3.6%

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

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 22nd will be issued a $0.17 dividend. The ex-dividend date is Thursday, October 22nd. This represents a $2.04 annualized dividend and a yield of 19.4%. Dynex Capital’s dividend payout ratio (DPR) is 77.57%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DX shares. JonesTrading restated a “buy” rating and issued a $14.75 price target on shares of Dynex Capital in a research report on Tuesday, July 21st. Weiss Ratings lowered Dynex Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Dynex Capital in a report on Tuesday, July 21st. Finally, BTIG Research set a $12.00 target price on Dynex Capital and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.94.

Insider Activity

In other news, CIO John Jr purchased 2,500 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was bought at an average price of $11.18 per share, with a total value of $27,950.00. Following the acquisition, the executive directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.76% of the stock is owned by company insiders.

About Dynex Capital

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.