Dynex Capital, Inc. (NYSE:DX) Short Interest Down 8.9% in September

Dynex Capital, Inc. (NYSE:DX) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totalling 5,240,000 shares, a decline of 8.9% from the August 31st total of 5,750,000 shares. Based on an average daily volume of 1,630,000 shares, the short-interest ratio is currently 3.2 days.

Dynex Capital Price Performance

DX traded down $0.24 during trading on Tuesday, reaching $12.52. The company’s stock had a trading volume of 1,676,767 shares, compared to its average volume of 1,434,825. The company has a market cap of $803.56 million, a price-to-earnings ratio of 10.66 and a beta of 1.33. The firm has a fifty day simple moving average of $12.42 and a two-hundred day simple moving average of $12.20. Dynex Capital has a 1 year low of $9.57 and a 1 year high of $13.13. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.02.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.30). The company had revenue of $76.05 million for the quarter. Dynex Capital had a negative return on equity of 6.08% and a net margin of 4.63%. During the same quarter last year, the firm posted ($0.27) EPS. As a group, analysts anticipate that Dynex Capital will post 1 EPS for the current year.

Dynex Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.13 per share. The ex-dividend date is Monday, September 23rd. This represents a $1.56 annualized dividend and a dividend yield of 12.47%. Dynex Capital’s payout ratio is 133.33%.

Institutional Investors Weigh In On Dynex Capital

Hedge funds have recently modified their holdings of the company. Westend Capital Management LLC acquired a new position in Dynex Capital in the first quarter valued at approximately $35,000. Allspring Global Investments Holdings LLC purchased a new stake in Dynex Capital in the second quarter valued at $81,000. Valley Brook Capital Group Inc. acquired a new position in shares of Dynex Capital in the 1st quarter valued at $103,000. ProShare Advisors LLC purchased a new position in shares of Dynex Capital during the 1st quarter worth $126,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Dynex Capital during the 2nd quarter worth about $128,000. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Janney Montgomery Scott started coverage on shares of Dynex Capital in a research note on Thursday, June 6th. They issued a “buy” rating and a $13.50 price target on the stock. StockNews.com lowered Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.35.

Dynex Capital Company Profile

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.