Dynex Capital (NYSE:DX) Posts Quarterly Earnings Results, Misses Expectations By $0.26 EPS

Dynex Capital (NYSE:DX) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26), FiscalAI reports. Dynex Capital had a net margin of 41.53% and a return on equity of 6.65%. The company had revenue of $202.00 million for the quarter, compared to analysts’ expectations of $59.41 million.

Dynex Capital Stock Performance

Shares of NYSE DX opened at $14.61 on Monday. The company has a market capitalization of $2.14 billion, a PE ratio of 9.87 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.19 and a current ratio of 1.19. The company’s fifty day moving average price is $13.92 and its 200 day moving average price is $13.18. Dynex Capital has a 1 year low of $10.79 and a 1 year high of $14.67.

Dynex Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, January 21st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 14.0%. Dynex Capital’s dividend payout ratio is 137.84%.

Institutional Trading of Dynex Capital

Institutional investors have recently bought and sold shares of the business. Triumph Capital Management acquired a new position in Dynex Capital in the 3rd quarter valued at $29,000. Advisory Services Network LLC purchased a new stake in shares of Dynex Capital during the third quarter worth $70,000. PharVision Advisers LLC purchased a new stake in shares of Dynex Capital during the third quarter worth $128,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Dynex Capital in the third quarter valued at about $144,000. Finally, CIBC Bancorp USA Inc. acquired a new position in Dynex Capital during the third quarter worth about $170,000. 38.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynex Capital in a research report on Monday, December 29th. Jones Trading reiterated a “buy” rating and issued a $14.00 target price on shares of Dynex Capital in a research report on Monday, October 20th. Keefe, Bruyette & Woods increased their price target on shares of Dynex Capital from $14.00 to $14.50 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Finally, UBS Group set a $13.25 price objective on shares of Dynex Capital and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.92.

About Dynex Capital

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.