Dynex Capital posts 4Q profit

GLEN ALLEN, Va. (AP) _ Dynex Capital Inc. (DX) on Wednesday reported fourth-quarter earnings of $69.1 million.

The Glen Allen, Virginia-based company said it had net income of $1.36 per share. Earnings, adjusted for non-recurring gains, came to 20 cents per share.

The mortgage real estate investment trust posted revenue of $22.9 million in the period. Its adjusted revenue was $16.1 million.

For the year, the company reported profit of $43.1 million, or 69 cents per share. Revenue was reported as $66.7 million.

Dynex Capital shares have decreased 2 percent since the beginning of the year. The stock has increased 16 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DX at https://www.zacks.com/ap/DX


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