Mortgage REIT Dynex Capital swings to Q3 profit on rising net interest income

Reuters

Oct 20

Mortgage REIT Dynex Capital swings to Q3 profit on rising net interest income

Overview

Dynex Capital Q3 net income at $1.09 per share-basic vs a loss of $0.14 in Q2
Book value per common share increased to $12.67, driven by asset appreciation
Company raised $254 mln in equity capital through ATM stock issuances

Result Drivers

ASSET APPRECIATION - Increase in book value driven by asset appreciation from decline in 10-year U.S. Treasury rate and tightening mortgage spreads
CAPITAL RAISING - Raised $254 mln through ATM stock issuances, supporting investment activities
HIGHER-YIELDING INVESTMENTS - Improvement in net interest income due to higher-yielding investments and steady financing costs

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 EPS diluted		$1.08
Q3 Net Income		$150.38 mln
Q3 Net Interest Income		$30.61 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Dynex Capital Inc is $14.00, about 4.4% above its October 17 closing price of $13.38
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw19Nvxfa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mortgage REIT Dynex Capital swings to Q3 profit on rising net interest income</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DX","symbol_name":"德尼克斯投资","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251020:nL1N3W105V:1","article_id":"2576851827","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2576851827","pubTimestamp":1760962577,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Mortgage REIT Dynex Capital swings to Q3 profit on rising net interest incomeOverviewDynex Capital Q3 net income at $1.09 per share-basic vs a loss of $0.14 in Q2 Book value per common share increased","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DX":"德尼克斯投资","BK4110":"抵押房地产投资信托"},"translate_title":"抵押房地产投资信托基金Dynex Capital因净利息收入上升而扭亏为盈","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DX":0.9},"content_text":"Mortgage REIT Dynex Capital swings to Q3 profit on rising net interest incomeOverviewDynex Capital Q3 net income at $1.09 per share-basic vs a loss of $0.14 in Q2 Book value per common share increased to $12.67, driven by asset appreciationCompany raised $254 mln in equity capital through ATM stock issuancesResult DriversASSET APPRECIATION - Increase in book value driven by asset appreciation from decline in 10-year U.S. Treasury rate and tightening mortgage spreadsCAPITAL RAISING - Raised $254 mln through ATM stock issuances, supporting investment activitiesHIGHER-YIELDING INVESTMENTS - Improvement in net interest income due to higher-yielding investments and steady financing costsKey DetailsMetricBeat/MissActualConsensus EstimateQ3 EPS diluted$1.08Q3 Net Income$150.38 mlnQ3 Net Interest Income$30.61 mlnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 5 \"strong buy\" or \"buy\", 2 \"hold\" and no \"sell\" or \"strong sell\"Wall Street's median 12-month price target for Dynex Capital Inc is $14.00, about 4.4% above its October 17 closing price of $13.38The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months agoPress Release: ID:nBw19NvxfaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}