Short Interest in Dynex Capital, Inc. (NYSE:DX) Increases By 19.1%

by · The Cerbat Gem

Dynex Capital, Inc. (NYSE:DXGet Free Report) was the recipient of a significant increase in short interest in 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. Currently, 5.5% of the company’s stock are short sold. Based on an average trading volume of 5,710,561 shares, the days-to-cover ratio is currently 1.7 days. Based on an average trading volume of 5,710,561 shares, the days-to-cover ratio is currently 1.7 days. Currently, 5.5% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

DX has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Dynex Capital in a research report on Monday, December 29th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Dynex Capital in a research report on Thursday, January 29th. Finally, JonesTrading upped their target price on shares of Dynex Capital from $14.00 to $15.25 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Dynex Capital has an average rating of “Moderate Buy” and a consensus price target of $14.33.

Read Our Latest Stock Report on DX

Dynex Capital Stock Down 0.7%

Shares of NYSE DX traded down $0.09 during trading on Wednesday, reaching $13.69. 4,982,140 shares of the company traded hands, compared to its average volume of 6,691,818. The firm has a 50 day simple moving average of $14.11 and a 200-day simple moving average of $13.47. Dynex Capital has a 52-week low of $10.79 and a 52-week high of $14.93. The stock has a market capitalization of $2.77 billion, a PE ratio of 6.71 and a beta of 0.97.

Dynex Capital (NYSE:DXGet Free Report) last issued its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Dynex Capital had a net margin of 59.80% and a return on equity of 6.83%. The company had revenue of $202.00 million for the quarter, compared to the consensus estimate of $59.41 million. As a group, research analysts predict that Dynex Capital will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 23rd were given a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 14.9%. The ex-dividend date was Monday, February 23rd. Dynex Capital’s payout ratio is 100.00%.

Institutional Investors Weigh In On Dynex Capital

Hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC bought a new position in Dynex Capital in the 4th quarter worth $307,000. Mercer Global Advisors Inc. ADV purchased a new stake in Dynex Capital in the fourth quarter worth about $245,000. Vident Advisory LLC purchased a new stake in Dynex Capital in the fourth quarter worth about $253,000. Tudor Investment Corp ET AL bought a new position in shares of Dynex Capital in the fourth quarter worth about $520,000. Finally, Engineers Gate Manager LP raised its stake in shares of Dynex Capital by 290.8% in the fourth quarter. Engineers Gate Manager LP now owns 151,377 shares of the real estate investment trust’s stock worth $2,121,000 after buying an additional 112,644 shares during the period. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Company Profile

(Get Free Report)

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.

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