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

Dynex Capital, Inc. (NYSE:DX) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 9,436,132 shares, an increase of 19.1% from the January 29th total of 7,926,128 shares. Approximately 5.5% of the shares of the company are sold short. Based on an average daily volume of 5,710,561 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily volume of 5,710,561 shares, the days-to-cover ratio is presently 1.7 days. Approximately 5.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Dynex Capital

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Dynex Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 8,390,780 shares of the real estate investment trust’s stock valued at $117,555,000 after buying an additional 876,931 shares during the last quarter. Geode Capital Management LLC grew its stake in Dynex Capital by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 3,489,121 shares of the real estate investment trust’s stock valued at $48,892,000 after acquiring an additional 257,719 shares in the last quarter. State Street Corp increased its holdings in Dynex Capital by 11.5% in the 4th quarter. State Street Corp now owns 3,032,436 shares of the real estate investment trust’s stock valued at $42,484,000 after acquiring an additional 313,319 shares during the last quarter. Millennium Management LLC lifted its stake in Dynex Capital by 79.8% in the 3rd quarter. Millennium Management LLC now owns 2,235,018 shares of the real estate investment trust’s stock worth $27,468,000 after purchasing an additional 992,269 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Dynex Capital by 87.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,136,636 shares of the real estate investment trust’s stock valued at $29,934,000 after purchasing an additional 998,736 shares during the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.

Dynex Capital Stock Performance

Shares of DX traded down $0.08 during mid-day trading on Thursday, reaching $13.60. The stock had a trading volume of 2,950,909 shares, compared to its average volume of 6,595,628. The business has a fifty day moving average of $14.11 and a 200 day moving average of $13.47. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 6.67 and a beta of 0.97. Dynex Capital has a 12 month low of $10.79 and a 12 month high of $14.93.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, January 26th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.26). The firm had revenue of $202.00 million during the quarter, compared to the consensus estimate of $59.41 million. Dynex Capital had a return on equity of 6.83% and a net margin of 59.80%. On average, research analysts forecast that Dynex Capital will post 1.94 EPS for the current fiscal year.

Dynex Capital Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 23rd were paid a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 15.0%. The ex-dividend date of this dividend was Monday, February 23rd. Dynex Capital’s dividend payout ratio (DPR) is 100.00%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DX. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Dynex Capital in a report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a research report on Monday, December 29th. Finally, JonesTrading lifted their price target on shares of Dynex Capital from $14.00 to $15.25 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.33.

Dynex Capital Company Profile

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.