Dynex Capital, Inc. (NYSE:DX – Get Free Report) declared a monthly dividend on Tuesday, November 10th. Investors of record on Monday, November 23rd will be paid a dividend of $0.17 per share by the real estate investment trust on Tuesday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 19.5%. The ex-dividend date of this dividend is Monday, November 23rd.
Dynex Capital has a dividend payout ratio of 133.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Dynex Capital Stock Down 1.7%
Shares of Dynex Capital stock traded down $0.18 during midday trading on Wednesday, hitting $10.45. The company had a trading volume of 549,901 shares, compared to its average volume of 6,026,102. The company has a fifty day simple moving average of $11.39 and a 200 day simple moving average of $12.79. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 49.79 and a beta of 1.01. Dynex Capital has a 12-month low of $10.31 and a 12-month high of $14.93.
Dynex Capital (NYSE:DX – Get Free Report) last released its earnings results on Monday, October 19th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $101.56 million for the quarter, compared to analysts’ expectations of $113.48 million. Dynex Capital had a positive return on equity of 10.30% and a negative net margin of 4.65%.
Analysts Set New Price Targets
A number of research analysts have issued reports on DX shares. BTIG Research set a $12.00 price target on shares of Dynex Capital and gave the stock a “buy” rating in a report on Tuesday, October 6th. JonesTrading lowered their price objective on shares of Dynex Capital from $14.75 to $12.50 and set a “buy” rating for the company in a research note on Monday, October 19th. Weiss Ratings lowered shares of Dynex Capital from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 30th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Dynex Capital in a report on Tuesday, October 20th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Dynex Capital currently has a consensus rating of “Hold” and a consensus price target of $13.38.
Read Our Latest Stock Analysis on Dynex Capital
About Dynex Capital
Dynex Capital, Inc. is a mortgage real estate investment trust (REIT) that invests primarily in mortgage-backed securities issued or guaranteed by U.S. government agencies. Its portfolio includes securities backed by residential and commercial mortgages. The company manages its portfolio of mortgage assets and related financing with the goal of generating income for shareholders. Its investments are primarily tied to the U.S. mortgage market. Founded in 1987, Dynex Capital is based in Glen Allen, Virginia.
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