Dynex Capital (DX) Set to Announce Quarterly Earnings on Monday

Dynex Capital (NYSE:DX) is scheduled to issue its quarterly earnings data before the market opens on Monday, April 22nd. Parties interested in listening to the company’s conference call can do so using this link.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). The firm had revenue of $71.19 million for the quarter. Dynex Capital had a negative return on equity of 6.04% and a negative net margin of 2.95%.

Dynex Capital Stock Performance

Dynex Capital stock opened at $11.70 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $691.53 million, a P/E ratio of -41.77 and a beta of 1.33. The stock’s 50 day moving average is $12.21 and its 200 day moving average is $11.93. Dynex Capital has a twelve month low of $9.57 and a twelve month high of $13.56.

Dynex Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Tuesday, April 23rd will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.56 annualized dividend and a yield of 13.34%. Dynex Capital’s dividend payout ratio (DPR) is presently -557.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DX shares. Compass Point started coverage on Dynex Capital in a report on Friday, April 12th. They set a “buy” rating and a $14.50 price target on the stock. Jonestrading raised their target price on Dynex Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a report on Thursday. Finally, StockNews.com raised Dynex Capital to a “sell” rating in a report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.63.

Hedge Funds Weigh In On Dynex Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in DX. O Dell Group LLC purchased a new stake in Dynex Capital during the 4th quarter valued at about $25,000. State of Wyoming purchased a new stake in shares of Dynex Capital in the fourth quarter worth about $30,000. Clear Street Markets LLC purchased a new stake in shares of Dynex Capital in the fourth quarter worth about $39,000. FMR LLC boosted its position in Dynex Capital by 141.0% during the first quarter. FMR LLC now owns 3,210 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 1,878 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Dynex Capital by 1,862.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,688 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 2,551 shares in the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

About Dynex Capital

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.