Dynex Capital, Inc. (NYSE:DX) released its quarterly earnings data on Monday. The real estate investment trust reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01, Bloomberg Earnings reports. Dynex Capital had a net margin of 93.54% and a return on equity of 11.04%. The company had revenue of $13.21 million during the quarter, compared to analyst estimates of $15.36 million. During the same period last year, the business earned $0.20 earnings per share. Dynex Capital’s revenue was down 12.3% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 3rd were given a dividend of $0.18 per share. The ex-dividend date was Monday, October 2nd. This represents a $0.72 annualized dividend and a yield of 10.29%. Dynex Capital’s payout ratio is presently 46.75%.
DX has been the subject of a number of analyst reports. BidaskClub upgraded shares of Dynex Capital from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $7.25 target price on shares of Dynex Capital in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $7.50 target price on shares of Dynex Capital in a research report on Tuesday, October 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $7.38.
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Dynex Capital Company Profile
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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