Dynex Capital, Inc. (NYSE:DX) Short Interest Up 16.3% in October

Dynex Capital, Inc. (NYSE:DX) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 5,580,000 shares, an increase of 16.3% from the October 15th total of 4,800,000 shares. Based on an average trading volume of 1,930,000 shares, the days-to-cover ratio is presently 2.9 days.

Analysts Set New Price Targets

DX has been the topic of several analyst reports. StockNews.com downgraded shares of Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th. One equities 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.35.

Dynex Capital Trading Up 0.3 %

NYSE DX opened at $12.42 on Monday. 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 one year low of $11.11 and a one year high of $13.13. The company has a 50-day simple moving average of $12.47 and a 200-day simple moving average of $12.28. The firm has a market capitalization of $984.91 million, a PE ratio of 9.86 and a beta of 1.32.

Dynex Capital (NYSE:DX) last issued its earnings results 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 company had revenue of $83.46 million during the quarter, compared to analyst estimates of $4.92 million. Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. During the same quarter in the previous year, the firm earned ($0.28) earnings per share. On average, equities analysts forecast that Dynex Capital will post 1.03 earnings per share for the current year.

Dynex Capital Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be paid a dividend of $0.15 per share. This is an increase from Dynex Capital’s previous monthly dividend of $0.13. This represents a $1.80 dividend on an annualized basis and a yield of 14.49%. The ex-dividend date of this dividend is Friday, November 22nd. Dynex Capital’s dividend payout ratio is presently 123.81%.

Institutional Investors Weigh In On Dynex Capital

Several large investors have recently added to or reduced their stakes in DX. International Assets Investment Management LLC raised its holdings in shares of Dynex Capital by 3.1% during 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 buying an additional 972 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Dynex Capital by 8.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,754 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 1,330 shares during the period. Signaturefd LLC boosted its position in Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,661 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of 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 worth $329,000 after purchasing an additional 1,950 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Dynex Capital by 15.1% during 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 purchasing an additional 2,134 shares during the period. 38.34% of the stock is owned by institutional investors and hedge funds.

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.