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

Dynex Capital, Inc. (NYSE:DX) was the recipient of a large 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. Based on an average daily trading volume, of 2,550,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 9.9% of the company’s stock are sold short.

Institutional Investors Weigh In On Dynex Capital

Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. raised its holdings in shares of Dynex Capital by 7.0% during the third quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust’s stock valued at $26,704,000 after buying an additional 136,776 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Dynex Capital during the third quarter valued at approximately $2,527,000. Hilton Capital Management LLC bought a new stake in shares of Dynex Capital during the third quarter valued at approximately $142,000. Intech Investment Management LLC bought a new stake in shares of Dynex Capital during the third quarter valued at approximately $211,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Dynex Capital by 20.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 610,120 shares of the real estate investment trust’s stock valued at $7,785,000 after buying an additional 101,948 shares during the last quarter. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Down 1.1 %

Shares of Dynex Capital stock traded down $0.16 during trading on Thursday, reaching $14.08. The company had a trading volume of 1,960,274 shares, compared to its average volume of 1,898,526. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 9.57 and a beta of 1.35. The firm’s fifty day moving average is $13.44 and its 200-day moving average is $12.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. Dynex Capital has a fifty-two week low of $11.36 and a fifty-two week high of $14.52.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (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%. On average, analysts anticipate that Dynex Capital will post 1.94 EPS for the current year.

Dynex Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.49%. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s dividend payout ratio is currently 138.78%.

Wall Street Analyst Weigh In

A number of brokerages have commented on DX. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. StockNews.com upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Dynex Capital has an average rating of “Moderate Buy” and a consensus target price of $13.56.

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.