Short Interest in Dynex Capital, Inc. (NYSE:DX) Decreases By 5.9%

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

Wall Street Analyst Weigh In

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

Dynex Capital Stock Performance

Shares of NYSE DX opened at $12.45 on Wednesday. The company has a market cap of $987.29 million, a PE ratio of 9.88 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. Dynex Capital has a 12 month low of $11.36 and a 12 month high of $13.13. The company has a 50-day simple moving average of $12.42 and a 200-day simple moving average of $12.30.

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

Dynex Capital Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 14.46%. This is an increase from Dynex Capital’s previous monthly dividend of $0.13. Dynex Capital’s dividend payout ratio (DPR) is currently 142.86%.

Institutional Trading of Dynex Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Dynex Capital by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock worth $21,718,000 after purchasing an additional 253,660 shares in the last quarter. Barclays PLC increased its position in shares of Dynex Capital by 833.2% in the third quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust’s stock worth $2,793,000 after acquiring an additional 195,400 shares in the last quarter. State Street Corp boosted its position in Dynex Capital by 2.9% during the 3rd quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust’s stock worth $19,977,000 after purchasing an additional 44,302 shares during the period. Systematic Financial Management LP acquired a new stake in Dynex Capital in the 3rd quarter valued at $914,000. Finally, Centiva Capital LP purchased a new position in Dynex Capital in the third quarter valued at about $321,000. 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.