24/7 Wall St. Insights Demand for ultra-high-yield dividend stocks is growing.
Dynex Capital, Inc. (NYSE:DX ) Q3 2024 Earnings Conference Call October 21, 2024 10:00 AM ET Company Participants Alison Griffin - Vice President, Investor Relations Byron Boston - Chairman and Co-Chief Executive Officer Smriti Popenoe - Co-Chief Executive Officer, President and Chief Investment Officer T.J. Connelly - Senior Vice President, Strategy and Research Rob Colligan - Chief Financial Officer and Chief Operating Officer Conference Call Participants Bose George - KBW Eric Hagen - BTIG Trevor Cranston - Citizens JMP Jason Weaver - Jones Trading Doug Harter - UBS Operator Ladies and gentlemen, good morning and thank you for standing by.
Dynex Capital (DX) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of $0.29. This compares to loss of $0.28 per share a year ago.
DX-C is a top pick among mortgage REIT preferred shares, offering lower risk due to Dynex Capital's strong management and high common equity to preferred liquidation ratio. The current stripped price of DX-C is just over $25.00, with a yield of 6.89%, but it will switch to a floating rate in 2025. Investors should consider DX-C for its relatively low-risk profile and potential for higher yields post-2025, despite the current modest yield.
Dynex Capital (DX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Two Harbors (TWO), Tanger (SKT) and Dynex (DX) are three real estate stocks to look into as mortgage rates fall on imminent rate cuts.
Two Harbors (TWO), Tanger (SKT) and Dynex (DX) are three real estate stocks to look into as mortgage rates fall on the Fed's rate-cut indications.
Quarterly BV decrease was as expected, with a slight underperformance due to a larger investment portfolio increase than anticipated. DX's core earnings/EAD outperformed expectations, leading to a 2.5% recommendation range upgrade. DX's hedging coverage ratio decreased slightly, but dividend stability is expected to remain over the foreseeable future.
24/7 Wall St. Insights Stocks that pay above-average dividends can be the key to big total return gains.
Mortgage REITs like Dynex Capital are becoming more attractive for passive income investors in a lower-rate environment. Dynex Capital focuses on Agency residential mortgage-backed securities, poised to benefit from falling interest rates. With a 12.8% dividend yield and potential for increased valuations, Dynex Capital is recommended for passive income investors in the current market.
Dynex Capital, Inc. (NYSE:DX ) Q2 2024 Earnings Conference Call July 22, 2024 10:00 AM ET Company Participants Alison Griffin - Vice President, Investor Relations Byron Boston - Chairman and Co-Chief Executive Officer Rob Colligan - Executive Vice President, Chief Financial Officer and Chief Operating Officer Smriti Popenoe - President, Co-Chief Executive Officer and Chief Investment Officer Conference Call Participants Jason Weaver - Jones Trading Eric Hagen - BTIG George Bose - KBW Doug Harter - UBS Jason Stewart - Janney Operator Thank you for standing by. My name is Eric and I will be your conference operator today.
The U.S. interest rate environment is highly uncertain and though we might see lower interest rates in late 2024, there's no way to be sure.. Although I hold a specific view of interest rates, many might disagree.