Dynex Capital, Inc. (NYSE:DX) Sees Large Drop in Short Interest

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

Wall Street Analysts Forecast Growth

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

Dynex Capital Stock Down 0.3 %

NYSE DX traded down $0.04 during trading on Tuesday, reaching $12.48. The company’s stock had a trading volume of 161,646 shares, compared to its average volume of 1,567,202. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $989.66 million, a PE ratio of 9.94 and a beta of 1.31. Dynex Capital has a 1-year low of $11.36 and a 1-year high of $13.13. The business has a 50-day moving average price of $12.42 and a 200-day moving average price of $12.30.

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

Dynex Capital Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 22nd were paid a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.42%. This is an increase from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Friday, November 22nd. Dynex Capital’s dividend payout ratio (DPR) is presently 142.86%.

Institutional Investors Weigh In On Dynex Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Dynex Capital by 1.4% during the first quarter. Vanguard Group Inc. now owns 3,042,634 shares of the real estate investment trust’s stock valued at $37,881,000 after acquiring an additional 41,586 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Dynex Capital by 15.1% in the 1st 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 buying an additional 2,134 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Dynex Capital by 63.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 38,663 shares of the real estate investment trust’s stock worth $467,000 after buying an additional 15,000 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Dynex Capital by 26.5% during the second quarter. Bank of New York Mellon Corp now owns 218,120 shares of the real estate investment trust’s stock worth $2,604,000 after buying an additional 45,679 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Dynex Capital in the second quarter valued at approximately $81,000. 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.