Dynex Capital, Inc. (NYSE:DX) Short Interest Down 15.8% in March

Dynex Capital, Inc. (NYSE:DX) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 7,260,000 shares, a decline of 15.8% from the March 15th total of 8,620,000 shares. Currently, 9.4% of the company’s stock are short sold. Based on an average daily volume of 3,390,000 shares, the days-to-cover ratio is presently 2.1 days.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DX shares. Keefe, Bruyette & Woods decreased their target price on shares of Dynex Capital from $13.25 to $12.50 and set an “outperform” rating for the company in a report on Tuesday, April 8th. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

Institutional Investors Weigh In On Dynex Capital

Several institutional investors and hedge funds have recently modified their holdings of DX. Zacks Investment Management purchased a new position in Dynex Capital during the fourth quarter valued at $4,275,000. Vanguard Group Inc. lifted its stake in shares of Dynex Capital by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust’s stock valued at $54,615,000 after purchasing an additional 260,798 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Dynex Capital by 17.5% in the third quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock worth $21,718,000 after buying an additional 253,660 shares during the period. Mesirow Institutional Investment Management Inc. boosted its holdings in Dynex Capital by 29.1% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 1,059,976 shares of the real estate investment trust’s stock valued at $13,409,000 after acquiring an additional 239,053 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Dynex Capital by 29.3% in the fourth quarter. Ameriprise Financial Inc. now owns 914,121 shares of the real estate investment trust’s stock worth $11,564,000 after purchasing an additional 207,413 shares during the period. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

Shares of DX traded down $0.24 on Monday, reaching $11.43. The company’s stock had a trading volume of 1,665,796 shares, compared to its average volume of 3,420,466. Dynex Capital has a 12-month low of $10.79 and a 12-month high of $14.52. The stock has a market capitalization of $1.10 billion, a P/E ratio of 7.78 and a beta of 1.14. 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 stock’s 50 day simple moving average is $13.23 and its two-hundred day simple moving average is $12.81.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. Research analysts forecast that Dynex Capital will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Wednesday, April 23rd will be given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 17.84%. The ex-dividend date is Wednesday, April 23rd. Dynex Capital’s dividend payout ratio is currently 138.78%.

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.