Dynex Capital (NYSE:DX) Getting Somewhat Favorable News Coverage, Study Finds
News headlines about Dynex Capital (NYSE:DX) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dynex Capital earned a news impact score of 0.21 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 47.1925567522882 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern’s analysis:
- Dynex Capital, Inc. (NYSE:DX) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Gold prices hold steady ahead of U.S. jobs data (finance.yahoo.com)
- Top 5 things that moved markets this past week (finance.yahoo.com)
- Dynex Capital, Inc. breached its 50 day moving average in a Bullish Manner : DX-US : August 3, 2017 (finance.yahoo.com)
- Edited Transcript of DX earnings conference call or presentation 2-Aug-17 2:00pm GMT (finance.yahoo.com)
Several research analysts recently weighed in on DX shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.00 target price on shares of Dynex Capital in a research report on Wednesday, April 26th. BidaskClub lowered Dynex Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Zacks Investment Research raised Dynex Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Five investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $7.13.
Dynex Capital (DX) opened at 7.12 on Tuesday. Dynex Capital has a 12 month low of $6.49 and a 12 month high of $7.61. The company has a 50 day moving average price of $6.97 and a 200 day moving average price of $6.89. The stock has a market capitalization of $350.55 million, a price-to-earnings ratio of 4.63 and a beta of 0.85.
Dynex Capital (NYSE:DX) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Dynex Capital had a net margin of 93.54% and a return on equity of 11.01%. The business had revenue of $16.10 million during the quarter, compared to analyst estimates of $14.26 million. During the same quarter in the previous year, the business earned $0.21 EPS. Dynex Capital’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities research analysts predict that Dynex Capital will post $0.68 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Thursday, July 6th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 10.11%. The ex-dividend date was Monday, July 3rd. Dynex Capital’s payout ratio is presently 46.75%.
In related news, Director Barry Igdaloff sold 7,693 shares of Dynex Capital stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $6.90, for a total value of $53,081.70. Following the completion of the sale, the director now owns 317,185 shares of the company’s stock, valued at approximately $2,188,576.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.14% of the stock is currently owned by insiders.
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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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