News stories about Dynex Capital (NYSE:DX) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Dynex Capital earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 45.6208400298889 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
A number of brokerages have recently issued reports on DX. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and set a $7.50 price target on shares of Dynex Capital in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $7.25 price target on shares of Dynex Capital in a report on Friday, October 6th. BidaskClub raised shares of Dynex Capital from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, Zacks Investment Research raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.38.
Shares of Dynex Capital (DX
) traded up 0.85% during trading on Friday, hitting $7.11. 453,438 shares of the stock traded hands. Dynex Capital has a 52-week low of $6.49 and a 52-week high of $7.41. The stock has a 50 day moving average of $7.21 and a 200 day moving average of $7.05. The firm has a market cap of $350.05 million, a price-to-earnings ratio of 4.62 and a beta of 0.84.
Dynex Capital (NYSE:DX) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. Dynex Capital had a return on equity of 11.04% and a net margin of 93.54%. The company had revenue of $16.10 million for the quarter, compared to the consensus estimate of $14.26 million. During the same period last year, the business posted $0.21 EPS. The company’s revenue was down 3.6% on a year-over-year basis. Analysts expect that Dynex Capital will post $0.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 3rd will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, October 2nd. This represents a $0.72 annualized dividend and a yield of 10.13%. Dynex Capital’s dividend payout ratio is presently 46.75%.
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Dynex Capital Company Profile
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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