Dynex Capital, Inc. (NYSE:DX) Short Interest Update

Dynex Capital, Inc. (NYSE:DX) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 5,250,000 shares, a drop of 5.9% from the October 31st total of 5,580,000 shares. Based on an average daily trading volume, of 2,060,000 shares, the short-interest ratio is currently 2.5 days.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.35.

Dynex Capital Price Performance

Shares of NYSE:DX traded down $0.04 during midday trading on Tuesday, reaching $12.48. 161,646 shares of the company’s stock were exchanged, compared to its average volume of 1,567,202. The firm has a market capitalization of $989.66 million, a PE ratio of 9.94 and a beta of 1.31. The company’s 50 day simple moving average is $12.42 and its two-hundred day simple moving average is $12.30. Dynex Capital has a 12 month low of $11.36 and a 12 month high of $13.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. The business had revenue of $83.46 million for the quarter, compared to the consensus estimate of $4.92 million. During the same quarter in the prior year, the business earned ($0.28) EPS. Equities research analysts expect that Dynex Capital will post 1.03 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 22nd were paid a $0.15 dividend. This is a positive change from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date was Friday, November 22nd. This represents a $1.80 annualized dividend and a yield of 14.42%. Dynex Capital’s payout ratio is currently 142.86%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DX. Signaturefd LLC increased its holdings in Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,661 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Dynex Capital during the second quarter worth $81,000. Squarepoint Ops LLC acquired a new stake in shares of Dynex Capital in the second quarter valued at $128,000. Hilton Capital Management LLC bought a new position in shares of Dynex Capital in the third quarter valued at about $142,000. Finally, Walleye Capital LLC acquired a new position in Dynex Capital during the 3rd quarter worth about $155,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

About Dynex Capital

Dynex Capital, Inc, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.