Dynex Capital (DX) Earns Daily News Impact Rating of 0.12
Headlines about Dynex Capital (NYSE:DX) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dynex Capital earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.3496728930524 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Gold Prices Hover Near 3-Week Lows in Busy Week (finance.yahoo.com)
- Gold Prices Hold Steady after Upbeat U.S. Data (finance.yahoo.com)
- Gold / Silver / Copper Prices – Weekly Outlook: October 30 – November 3 (finance.yahoo.com)
- Financial Analysis: Dynex Capital (DX) and Its Rivals (americanbankingnews.com)
- Gold Prices Dip In Asia On Stronger Dollar, Safe-Haven Demand Ebbs (finance.yahoo.com)
Several analysts recently issued reports on DX shares. BidaskClub upgraded Dynex Capital from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $7.25 target price on shares of Dynex Capital in a report on Friday, October 6th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $7.50 target price on shares of Dynex Capital in a report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Dynex Capital has an average rating of “Hold” and an average price target of $7.38.
Shares of Dynex Capital (DX) opened at 7.04 on Tuesday. The company has a market cap of $346.61 million, a price-to-earnings ratio of 4.57 and a beta of 0.84. Dynex Capital has a 1-year low of $6.49 and a 1-year high of $7.41. The firm has a 50-day moving average price of $7.21 and a 200 day moving average price of $7.05.
Dynex Capital (NYSE:DX) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Dynex Capital had a net margin of 93.54% and a return on equity of 11.04%. The firm had revenue of $16.10 million for the quarter, compared to analysts’ expectations of $14.26 million. During the same quarter last year, the firm earned $0.21 EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, analysts predict that Dynex Capital will post $0.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 3rd will be given a dividend of $0.18 per share. The ex-dividend date is Monday, October 2nd. This represents a $0.72 annualized dividend and a dividend yield of 10.23%. Dynex Capital’s dividend payout ratio is currently 46.75%.
About Dynex Capital
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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