Dynex Capital, Inc. (NYSE:DX) posted its quarterly earnings results on Wednesday. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The firm earned $16.11 million during the quarter, compared to analysts’ expectations of $15.10 million. Dynex Capital had a net margin of 6.95% and a return on equity of 13.20%. The firm’s revenue for the quarter was down 18.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share.
Dynex Capital (NYSE:DX) opened at 6.68 on Wednesday. The stock’s market capitalization is $328.32 million. Dynex Capital has a 1-year low of $5.70 and a 1-year high of $7.61. The company has a 50-day moving average price of $6.79 and a 200 day moving average price of $7.02.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, December 30th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 12.57%. The ex-dividend date of this dividend was Wednesday, December 28th. Dynex Capital’s dividend payout ratio is currently -1,399.77%.
Separately, JMP Securities cut Dynex Capital from a “market outperform” rating to a “market perform” rating in a research report on Friday, January 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $7.20.
In other Dynex Capital news, Director Thomas B. Akin sold 130,070 shares of the business’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $7.00, for a total transaction of $910,490.00. Following the completion of the sale, the director now owns 1,073,236 shares in the company, valued at $7,512,652. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 9.70% of the company’s stock.
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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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