Markets
Dynex Capital (DX)
In a report issued on February 8, Eric Hagen from BTIG maintained a Buy rating on Dynex Capital, with a price target of $19.00. The company’s shares closed last Tuesday at $19.57, close to its 52-week high of $19.99.
According to TipRanks.com, Hagen is a 2-star analyst with an average return of 3.9% and a 76.7% success rate. Hagen covers the Financial sector, focusing on stocks such as New Residential Inv, Chimera Investment, and PennyMac Mortgage.
Dynex Capital has an analyst consensus of Strong Buy, with a price target consensus of $19.00, which is a -2.6% downside from current levels. In a report issued on February 4, Ladenburg Thalmann & Co. also maintained a Buy rating on the stock with a $19.00 price target.
Dynex Capital: Q1 Earnings Snapshot apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
FIRST QUARTER 2021 RESULTS GLEN ALLEN, Va. Dynex Capital, Inc. (NYSE: DX) reported its first quarter 2021 results today. Management will host a call today at 10:00 a.m. Eastern Time to discuss the results and business outlook. Details to access the call can be found below under Earnings Conference Call . Management Remarks I am extremely pleased with our first quarter results, as we continued to demonstrate the power of our investment strategy and the exceptional skills and experience of our team, stated Byron L. Boston, Chief Executive Officer. We generated a total economic return of 7.2% for our common shareholders for the first quarter of 2021 and 34.8% over the last four quarters, averaging 8.0% per quarter during periods of high volatility. We also continued to position the company for long-term success by raising a total of $128 million in common equity through two public offerings during the first quarter while growing our book value.
Dynex Capital: Q1 Earnings Snapshot sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.
10 Best Monthly Dividend Stocks in 2021
The COVID-19 pandemic led to strict lockdowns across the world last year and business remained shuttered for months in some countries. As a result, people found themselves without jobs as companies that had not yet embraced the digital economy struggled to stay afloat. For many, the pandemic was a rude awakening. The families who had not diversified their income were perhaps the hardest hit. Washington-based research group Brookings estimates that real monthly income for families declined by a record 10% in April 2020.
As the vaccine rollout in the first quarter of 2020 allowed for the reopening of the economy, the coronavirus relief benefits in many countries expired. As people went back to their jobs uncertain of the future, many wanted to prepare for future scenarios where regular income might take a beating. For those unsure about how to proceed forward, monthly dividend stocks might be the answer. Forbes reports that as growth stocks r