Dynex Capital (DX) to Report Quarterly Earnings Soon

Dynex Capital (NYSE:DX) is scheduled to release its quarterly earnings data before the market opens on Monday, January 27th. Analysts anticipate that the company will report earnings of $0.38 per share for this quarter. For anyone interested in listening to the company's conference call discussing these earnings, further details can be found via the appropriate link.

Current Price Performance of Dynex Capital

As of Friday, DX stock opened at $12.65. Over the past year, Dynex Capital has experienced a low point of $11.36 and a peak of $13.13. The stock's 50-day simple moving average is $12.55, while its 200-day simple moving average stands at $12.45. Currently, the company holds a market capitalization of $1 billion, a price-to-earnings (P/E) ratio of 10.04, and a beta of 1.30. Additionally, Dynex Capital features a debt-to-equity ratio of 0.01 and both a quick and current ratio of 1.20.

Upcoming Dividend Declaration

In other news, Dynex Capital recently declared a monthly dividend that is set to be paid on Monday, February 3rd. Shareholders who are on record as of Thursday, January 23rd will receive a dividend of $0.15 per share. The ex-dividend date was also January 23rd. This suggests an annualized dividend of $1.80, which translates to a dividend yield of 14.23%. However, it's notable that the company's payout ratio is currently at 142.86%, indicating that it is paying out more in dividends than it is earning.

Changes in Analyst Ratings

On a related note, JMP Securities reasserted a "market perform" rating for Dynex Capital shares in a recent research note issued on Thursday. The stock has mixed reviews, with one analyst issuing a sell rating, another placing a hold rating, and four giving a buy rating. MarketBeat.com data shows that the consensus rating for the stock is a "Moderate Buy," coupled with an average price target of $13.56.

About Dynex Capital

Dynex Capital, Inc. is a real estate investment trust (REIT) that primarily invests in mortgage-backed securities (MBS) using leverage within the United States. The company focuses on both agency and non-agency MBS, which includes residential and commercial mortgage-backed securities along with CMBS interest-only securities. Agency MBS comes with a guarantee from a U.S. federal agency for the principal payments.

Concluding Remarks

Investors and stakeholders are keenly awaiting the earnings announcement and dividend payments, as these developments may provide insight into the company's performance and strategy moving forward.

earnings, dividends, stocks