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

Dynex Capital, Inc. (NYSE:DX) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 5,580,000 shares, an increase of 16.3% from the October 15th total of 4,800,000 shares. Based on an average trading volume of 1,930,000 shares, the short-interest ratio is presently 2.9 days.

Institutional Investors Weigh In On Dynex Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of DX. Signaturefd LLC grew its holdings in shares of Dynex Capital by 305.9% in the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,661 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Dynex Capital in the second quarter valued at $81,000. ProShare Advisors LLC purchased a new position in shares of Dynex Capital in the first quarter valued at $126,000. Squarepoint Ops LLC acquired a new position in shares of Dynex Capital during the 2nd quarter worth $128,000. Finally, Hilton Capital Management LLC purchased a new stake in shares of Dynex Capital in the 3rd quarter worth about $142,000. Institutional investors and hedge funds own 38.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DX shares. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th. StockNews.com downgraded Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.35.

Dynex Capital Stock Up 0.3 %

Shares of NYSE:DX opened at $12.42 on Monday. The company has a market cap of $984.91 million, a price-to-earnings ratio of 9.86 and a beta of 1.32. Dynex Capital has a fifty-two week low of $11.11 and a fifty-two week high of $13.13. The firm’s 50-day simple moving average is $12.47 and its 200-day simple moving average is $12.28. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the firm posted ($0.28) EPS. As a group, equities research analysts predict that Dynex Capital will post 1.03 earnings per share for the current year.

Dynex Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be issued a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of 14.49%. The ex-dividend date of this dividend is Friday, November 22nd. This is a positive change from Dynex Capital’s previous monthly dividend of $0.13. Dynex Capital’s dividend payout ratio is currently 123.81%.

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.