Short Interest in Dynex Capital, Inc. (NYSE:DX) Increases By 19.1%

Dynex Capital, Inc. (NYSE:DX) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 9,436,132 shares, a growth of 19.1% from the January 29th total of 7,926,128 shares. Currently, 5.5% of the shares of the company are short sold. Based on an average trading volume of 5,710,561 shares, the days-to-cover ratio is presently 1.7 days. Based on an average trading volume of 5,710,561 shares, the days-to-cover ratio is presently 1.7 days. Currently, 5.5% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DX shares. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a research report on Thursday, January 29th. JonesTrading upped their target price on shares of Dynex Capital from $14.00 to $15.25 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dynex Capital in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.33.

Institutional Trading of Dynex Capital

A number of large investors have recently added to or reduced their stakes in DX. AQR Capital Management LLC raised its holdings in shares of Dynex Capital by 54.6% during the 1st quarter. AQR Capital Management LLC now owns 103,183 shares of the real estate investment trust’s stock worth $1,343,000 after acquiring an additional 36,455 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Dynex Capital by 86.7% during the first quarter. Goldman Sachs Group Inc. now owns 804,419 shares of the real estate investment trust’s stock valued at $10,474,000 after purchasing an additional 373,610 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Dynex Capital by 25.2% during the second quarter. Teacher Retirement System of Texas now owns 14,467 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 2,916 shares during the last quarter. IFG Advisory LLC bought a new position in Dynex Capital during the second quarter valued at $255,000. Finally, Savant Capital LLC purchased a new position in shares of Dynex Capital in the 2nd quarter worth $123,000. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Trading Down 0.7%

Shares of NYSE:DX traded down $0.09 during midday trading on Wednesday, reaching $13.69. 4,982,140 shares of the company were exchanged, compared to its average volume of 6,691,818. The stock has a market cap of $2.77 billion, a PE ratio of 6.71 and a beta of 0.97. The business’s fifty day moving average is $14.11 and its two-hundred day moving average is $13.47. Dynex Capital has a one year low of $10.79 and a one year high of $14.93.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.26). Dynex Capital had a return on equity of 6.83% and a net margin of 59.80%.The company had revenue of $202.00 million during the quarter, compared to analysts’ expectations of $59.41 million. As a group, sell-side analysts expect that Dynex Capital will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 23rd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 14.9%. Dynex Capital’s dividend payout ratio is presently 100.00%.

Dynex Capital Company Profile

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.