Dynex Capital Inc (DX) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.21 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.22. The company posted revenue of $16.72 million in the period, compared to analysts expectations of $16.56 million. The company’s revenue was down -12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Dynex Capital Inc opened for trading at $6.85 and hit $6.99 on the upside on Thursday, eventually ending the session at $6.96, with a gain of 2.20% or 0.15 points. The heightened volatility saw the trading volume jump to 3,69,086 shares. Company has a market cap of $342 M.
In a different news, on Jul 20, 2016, Thomas B Akin (director) sold 36,021 shares at $6.73 per share price. According to the SEC, on May 31, 2016, Barry Igdaloff (director) sold 8,911 shares at $6.63 per share price. On Aug 12, 2015, James C Iii Wheat (director) purchased 18,000 shares at $6.49 per share price, according to the Form-4 filing with the securities and exchange commission.
Dynex Capital Inc. is an internally managed mortgage real estate investment trust (mortgage REIT) which invests in residential and commercial mortgage securities on a leveraged basis. The Firm’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. The Firm seeks to provide returns to its shareholders through regular quarterly dividends and through capital appreciation. The Firm’s operations consisted of originating and securitizing various types of loans principally single-family and commercial mortgage loans and manufactured housing loans. The Firm invests in Agency and non-Agency mortgage-backed securities (MBS). MBS consist of residential MBS (RMBS) and commercial MBS (CMBS) including CMBS interest-only (IO) securities.