Dynex Capital (NYSE:DX) announced its earnings results on Thursday. The real estate investment trust reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45, MarketWatch Earnings reports. Dynex Capital had a net margin of 215.48% and a return on equity of 10.66%. During the same period in the previous year, the business earned $0.45 earnings per share.
DX traded down $0.10 on Friday, reaching $15.99. 10,234 shares of the company traded hands, compared to its average volume of 711,876. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $586.29 million, a price-to-earnings ratio of 3.41 and a beta of 1.16. The stock’s 50 day moving average price is $16.63 and its 200-day moving average price is $17.27. Dynex Capital has a 52-week low of $15.07 and a 52-week high of $20.51.
The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 1st. Investors of record on Monday, January 24th were given a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date of this dividend was Friday, January 21st. Dynex Capital’s payout ratio is presently 33.05%.
Several institutional investors have recently modified their holdings of the company. Morgan Stanley increased its holdings in Dynex Capital by 393.1% in the 2nd quarter. Morgan Stanley now owns 252,291 shares of the real estate investment trust’s stock valued at $4,709,000 after buying an additional 201,126 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Dynex Capital by 12.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 112,736 shares of the real estate investment trust’s stock worth $1,949,000 after purchasing an additional 12,406 shares during the last quarter. Millennium Management LLC bought a new stake in Dynex Capital during the 3rd quarter worth about $1,588,000. Invesco Ltd. grew its holdings in Dynex Capital by 7.3% during the 3rd quarter. Invesco Ltd. now owns 79,684 shares of the real estate investment trust’s stock worth $1,377,000 after acquiring an additional 5,399 shares during the last quarter. Finally, UBS Group AG grew its holdings in Dynex Capital by 27.8% during the 3rd quarter. UBS Group AG now owns 41,558 shares of the real estate investment trust’s stock worth $718,000 after acquiring an additional 9,040 shares during the last quarter. Institutional investors and hedge funds own 39.88% of the company’s stock.
Several analysts have recently commented on DX shares. JMP Securities reiterated a “hold” rating on shares of Dynex Capital in a research report on Wednesday, December 15th. Zacks Investment Research downgraded shares of Dynex Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, December 28th.
Dynex Capital Company Profile
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage-backed securities on a leveraged basis. It primarily invests in Agency and non-Agency mortgage-backed securities (MBS) consisting of residential MBS (RMBS), commercial MBS (CMBS), and CMBS interest-only (IO) securities.
Read More: Penny Stocks, Risk and Reward Factors
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Dynex Capital, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Dynex Capital wasn’t on the list.
While Dynex Capital currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.