Short Interest in Dynex Capital, Inc. (NYSE:DX) Declines By 5.9%

Dynex Capital, Inc. (NYSE:DX) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 5,250,000 shares, a decline of 5.9% from the October 31st total of 5,580,000 shares. Based on an average daily volume of 2,060,000 shares, the short-interest ratio is currently 2.5 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC boosted its stake in Dynex Capital by 305.9% in the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,661 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Dynex Capital in the 2nd quarter valued at $81,000. Squarepoint Ops LLC bought a new stake in Dynex Capital in the 2nd quarter valued at $128,000. Hilton Capital Management LLC bought a new stake in Dynex Capital in the 3rd quarter valued at $142,000. Finally, Walleye Capital LLC bought a new stake in Dynex Capital in the 3rd quarter valued at $155,000. Institutional investors and hedge funds own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $13.35.

Dynex Capital Stock Down 0.2 %

Dynex Capital stock traded down $0.03 during midday trading on Tuesday, reaching $12.52. The stock had a trading volume of 74,079 shares, compared to its average volume of 1,566,995. The firm’s fifty day simple moving average is $12.42 and its 200-day simple moving average is $12.30. Dynex Capital has a 1-year low of $11.36 and a 1-year high of $13.13. The stock has a market capitalization of $992.84 million, a P/E ratio of 9.94 and a beta of 1.31. 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 (NYSE:DX) last announced its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. The firm had revenue of $83.46 million during the quarter, compared to analyst estimates of $4.92 million. During the same period in the prior year, the business posted ($0.28) EPS. As a group, analysts expect that Dynex Capital will post 1.03 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd were given a dividend of $0.15 per share. This is a positive change from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date was Friday, November 22nd. This represents a $1.80 annualized dividend and a dividend yield of 14.38%. Dynex Capital’s payout ratio is 142.86%.

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.