🔴 Dynex Capital is trading 4.71% down after reporting a third-quarter net loss

Dynex Capital is trading 4.71% down at $10.41 after reporting a third-quarter net loss of $1.34 per share, versus analyst expectations of earnings of $0.39.

• Book value fell to $10.91 from $12.90 as wider Agency MBS spreads reduced portfolio values; hedge gains only partly offset the losses.
• Earnings available for distribution of $0.38 slightly missed estimates.
• Dynex reported an 11.5% negative total economic return for the quarter and declared a $0.51-per-share dividend.