Dynex Capital (NYSE:DX) Announces Quarterly Earnings Results
by Doug Wharley · The Cerbat GemDynex Capital (NYSE:DX – Get Free Report) announced its earnings results on Monday. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01), FiscalAI reports. Dynex Capital had a net margin of 59.80% and a return on equity of 6.83%.
Dynex Capital Stock Performance
Shares of DX stock opened at $13.60 on Monday. The stock’s 50 day simple moving average is $13.35 and its 200 day simple moving average is $13.60. Dynex Capital has a twelve month low of $11.22 and a twelve month high of $14.93. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 6.66 and a beta of 0.99.
Dynex Capital Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, May 1st. Investors of record on Thursday, April 23rd will be paid a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date of this dividend is Thursday, April 23rd. Dynex Capital’s dividend payout ratio (DPR) is presently 100.00%.
Institutional Trading of Dynex Capital
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federation des caisses Desjardins du Quebec bought a new stake in shares of Dynex Capital during the fourth quarter valued at approximately $28,000. Triumph Capital Management acquired a new stake in Dynex Capital in the 3rd quarter valued at $29,000. Northwestern Mutual Wealth Management Co. boosted its stake in Dynex Capital by 124.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,378 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,318 shares in the last quarter. Parallel Advisors LLC boosted its stake in Dynex Capital by 136.4% in the 4th quarter. Parallel Advisors LLC now owns 3,387 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,954 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Dynex Capital by 92.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,433 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 1,645 shares in the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on DX shares. JonesTrading increased their price objective on Dynex Capital from $14.00 to $15.25 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a report on Friday, March 27th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Dynex Capital in a research report on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.33.
Get Our Latest Stock Report on DX
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.