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

Dynex Capital, Inc. (NYSE:DX) was the target of 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 trading volume of 2,060,000 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On Dynex Capital

Several hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC boosted its position in shares of Dynex Capital by 3.1% in the second quarter. International Assets Investment Management LLC now owns 32,458 shares of the real estate investment trust’s stock valued at $388,000 after acquiring an additional 972 shares during the period. Signaturefd LLC increased its stake in shares of Dynex Capital by 305.9% in the third quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,661 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Dynex Capital by 8.2% in the third quarter. The Manufacturers Life Insurance Company now owns 25,809 shares of the real estate investment trust’s stock valued at $329,000 after acquiring an additional 1,950 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Dynex Capital by 15.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,259 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 2,134 shares during the last quarter. Finally, Kraft Davis & Associates LLC boosted its holdings in Dynex Capital by 22.9% in the second quarter. Kraft Davis & Associates LLC now owns 17,865 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 3,325 shares during the last quarter. 38.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated 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 issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.35.

Dynex Capital Trading Down 0.2 %

NYSE DX traded down $0.03 on Tuesday, hitting $12.52. 74,079 shares of the company were exchanged, compared to its average volume of 1,566,995. The company’s 50 day moving average price is $12.42 and its 200-day moving average price is $12.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $992.84 million, a P/E ratio of 9.94 and a beta of 1.31. Dynex Capital has a twelve month low of $11.36 and a twelve month high of $13.13.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). The firm had revenue of $83.46 million during the quarter, compared to analyst estimates of $4.92 million. Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. During the same quarter in the prior year, the company posted ($0.28) EPS. Analysts predict that Dynex Capital will post 1.03 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 14.38%. This is a boost from Dynex Capital’s previous monthly dividend of $0.13. Dynex Capital’s dividend payout ratio is presently 142.86%.

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.