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

Dynex Capital, Inc. (NYSE:DX) saw a large growth in short interest in the month of 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. Based on an average daily volume of 2,550,000 shares, the short-interest ratio is currently 3.0 days. Approximately 9.9% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Dynex Capital

Large investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Dynex Capital by 68.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,044 shares of the real estate investment trust’s stock valued at $1,340,000 after buying an additional 42,755 shares during the last quarter. Barclays PLC lifted its stake in shares of Dynex Capital by 833.2% during the 3rd quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust’s stock worth $2,793,000 after purchasing an additional 195,400 shares during the period. State Street Corp lifted its stake in shares of Dynex Capital by 2.9% during the 3rd quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust’s stock worth $19,977,000 after purchasing an additional 44,302 shares during the period. Geode Capital Management LLC lifted its stake in shares of Dynex Capital by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock worth $21,718,000 after purchasing an additional 253,660 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Dynex Capital by 147.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 40,502 shares of the real estate investment trust’s stock worth $517,000 after purchasing an additional 24,139 shares during the period. Institutional investors and hedge funds own 38.34% of the company’s stock.

Dynex Capital Price Performance

Shares of DX traded down $0.20 on Wednesday, reaching $14.23. The stock had a trading volume of 2,897,059 shares, compared to its average volume of 1,898,181. The firm has a market capitalization of $1.29 billion, a PE ratio of 9.68 and a beta of 1.35. 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 firm has a 50-day moving average of $13.40 and a 200 day moving average of $12.82. Dynex Capital has a twelve month low of $11.36 and a twelve month high of $14.52.

Dynex Capital (NYSE:DX) last announced its 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 net margin of 35.65% and a negative return on equity of 2.24%. Sell-side analysts expect that Dynex Capital will post 1.94 EPS for the current year.

Dynex Capital Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 14.34%. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s dividend payout ratio is 138.78%.

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.