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

Dynex Capital, Inc. (NYSE:DX) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 7,650,000 shares, a growth of 19.7% from the February 13th total of 6,390,000 shares. Approximately 9.9% of the company’s stock are short sold. Based on an average trading volume of 2,550,000 shares, the short-interest ratio is currently 3.0 days.

Dynex Capital Stock Up 0.5 %

Shares of Dynex Capital stock traded up $0.08 during trading hours on Tuesday, hitting $14.42. 2,524,386 shares of the company’s stock traded hands, compared to its average volume of 1,890,831. The stock has a 50 day simple moving average of $13.40 and a 200-day simple moving average of $12.82. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.30 billion, a PE ratio of 9.81 and a beta of 1.35. Dynex Capital has a twelve month low of $11.36 and a twelve month high of $14.52.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. Equities research analysts anticipate that Dynex Capital will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 14.15%. This is an increase from Dynex Capital’s previous monthly dividend of $0.15. The ex-dividend date is Monday, March 24th. Dynex Capital’s dividend payout ratio (DPR) is 138.78%.

Analyst Ratings Changes

Several analysts have recently weighed in on DX shares. StockNews.com upgraded Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.56.

Hedge Funds Weigh In On Dynex Capital

Hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC grew its stake in Dynex Capital by 838.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 2,223 shares in the last quarter. Westend Capital Management LLC boosted its stake in Dynex Capital by 37.0% in the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 919 shares during the period. New Age Alpha Advisors LLC acquired a new position in Dynex Capital in the fourth quarter valued at approximately $43,000. PNC Financial Services Group Inc. boosted its stake in Dynex Capital by 87.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,700 shares during the period. Finally, US Bancorp DE boosted its stake in Dynex Capital by 567.1% in the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 3,227 shares during the period. 38.34% of the stock is currently owned by institutional investors and hedge funds.

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.