Dynex Capital, Inc. (NYSE:DX) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01, Bloomberg Earnings reports. The business had revenue of $13.21 million for the quarter, compared to the consensus estimate of $15.36 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 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 3rd were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.29%. The ex-dividend date of this dividend was Monday, October 2nd. Dynex Capital’s dividend payout ratio (DPR) is presently 46.75%.
DX has been the topic of a number of recent analyst reports. BidaskClub raised Dynex Capital from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Ladenburg Thalmann Financial Services reissued a “buy” rating and set a $7.50 price objective on shares of Dynex Capital in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $7.25 price objective on shares of Dynex Capital in a report on Friday, October 6th. Finally, Zacks Investment Research raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.38.
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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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