Dynex Capital, Inc. (NYSE:DX) to Release Earnings on Tuesday
Dynex Capital, Inc. (NYSE:DX) is scheduled to announce its earnings results on Tuesday, July 25th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.
Dynex Capital (NYSE:DX) last issued its earnings results on Thursday, April 27th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.05. Dynex Capital had a net margin of 100.40% and a return on equity of 11.78%. The business had revenue of $14.90 million during the quarter, compared to analyst estimates of $15.31 million. During the same period in the prior year, the business posted $0.22 EPS. On average, analysts expect Dynex Capital to post $0.68 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Dynex Capital, Inc. (NYSE:DX) opened at 6.89 on Tuesday. The company’s 50 day moving average price is $6.94 and its 200 day moving average price is $6.90. Dynex Capital, Inc. has a 12-month low of $6.49 and a 12-month high of $7.61. The firm has a market cap of $339.02 million, a P/E ratio of 4.22 and a beta of 0.85.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Thursday, July 6th will be issued a $0.18 dividend. The ex-dividend date is Monday, July 3rd. This represents a $0.72 annualized dividend and a dividend yield of 10.45%. Dynex Capital’s payout ratio is currently 44.17%.
In related news, Director Barry Igdaloff sold 7,693 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $6.90, for a total value of $53,081.70. Following the completion of the transaction, the director now directly owns 317,185 shares in the company, valued at $2,188,576.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.14% of the stock is currently owned by insiders.
DX has been the topic of several research analyst reports. Zacks Investment Research raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub cut shares of Dynex Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.00 price target on shares of Dynex Capital in a report on Tuesday, May 30th. Five investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $7.13.
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.
Receive News & Ratings for Dynex Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynex Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.