Dynex Capital (NYSE:DX) Releases Earnings Results, Misses Estimates By $0.06 EPS

Dynex Capital (NYSE:DXGet Free Report) issued its quarterly earnings results on Monday. The real estate investment trust reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06), MarketWatch Earnings reports. Dynex Capital had a negative return on equity of 6.09% and a negative net margin of 2.95%. The business had revenue of $71.19 million for the quarter.

Dynex Capital Price Performance

NYSE:DX opened at $12.51 on Wednesday. Dynex Capital has a 12-month low of $9.57 and a 12-month high of $14.99. The firm has a 50-day moving average price of $12.28 and a 200 day moving average price of $12.13.

Dynex Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 1st. Investors of record on Tuesday, January 23rd will be given a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 12.47%. The ex-dividend date of this dividend is Monday, January 22nd. Dynex Capital’s dividend payout ratio (DPR) is presently -557.12%.

Institutional Investors Weigh In On Dynex Capital

Hedge funds have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC increased its stake in shares of Dynex Capital by 2,294.0% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 1,120,380 shares of the real estate investment trust’s stock valued at $13,579,000 after buying an additional 1,073,580 shares during the period. Millennium Management LLC acquired a new stake in Dynex Capital in the second quarter worth about $15,107,000. Balyasny Asset Management LLC increased its position in Dynex Capital by 105.9% in the third quarter. Balyasny Asset Management LLC now owns 1,460,433 shares of the real estate investment trust’s stock worth $17,014,000 after purchasing an additional 751,053 shares during the period. Goldman Sachs Group Inc. increased its position in Dynex Capital by 3,181.2% in the second quarter. Goldman Sachs Group Inc. now owns 492,581 shares of the real estate investment trust’s stock worth $7,842,000 after purchasing an additional 477,569 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Dynex Capital in the fourth quarter worth about $5,265,000. Institutional investors and hedge funds own 46.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Jonestrading upped their price target on Dynex Capital from $13.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group assumed coverage on Dynex Capital in a report on Wednesday, December 6th. They issued a “neutral” rating and a $12.50 price target for the company. StockNews.com raised Dynex Capital to a “sell” rating in a report on Tuesday, December 26th. Finally, Keefe, Bruyette & Woods upped their price target on Dynex Capital from $11.00 to $13.50 and gave the company an “outperform” rating in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.33.

Get Our Latest Stock Analysis on Dynex Capital

About Dynex Capital

(Get Free Report)

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.

Read More

Earnings History for Dynex Capital (NYSE:DX)

Receive News & Ratings for Dynex Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynex Capital and related companies with MarketBeat.com's FREE daily email newsletter.