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

Dynex Capital, Inc. (NYSE:DX) saw a significant decrease in short interest in September. As of September 15th, there was short interest totalling 5,240,000 shares, a decrease of 8.9% from the August 31st total of 5,750,000 shares. Based on an average daily volume of 1,630,000 shares, the short-interest ratio is presently 3.2 days.

Institutional Trading of Dynex Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of DX. Founders Financial Alliance LLC grew its holdings in shares of Dynex Capital by 55.0% during the second quarter. Founders Financial Alliance LLC now owns 16,275 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 5,772 shares during the last quarter. PVG Asset Management Corp purchased a new position in shares of Dynex Capital during the second quarter worth about $913,000. The Manufacturers Life Insurance Company grew its holdings in shares of Dynex Capital by 18.2% during the second quarter. The Manufacturers Life Insurance Company now owns 23,859 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 3,681 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Dynex Capital by 62.1% during the second quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust’s stock worth $30,756,000 after purchasing an additional 986,471 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Dynex Capital during the second quarter worth about $128,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DX has been the topic of a number of research reports. Janney Montgomery Scott initiated coverage on Dynex Capital in a research note on Thursday, June 6th. They set a “buy” rating and a $13.50 price target on the stock. StockNews.com cut Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Dynex Capital has an average rating of “Hold” and an average target price of $13.35.

Dynex Capital Stock Down 1.9 %

Shares of NYSE DX traded down $0.24 during mid-day trading on Tuesday, hitting $12.52. The company had a trading volume of 1,676,767 shares, compared to its average volume of 1,434,825. Dynex Capital has a 1-year low of $9.57 and a 1-year high of $13.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $803.56 million, a PE ratio of 10.66 and a beta of 1.33. The business’s 50-day simple moving average is $12.42 and its 200 day simple moving average is $12.20.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.30). Dynex Capital had a net margin of 4.63% and a negative return on equity of 6.08%. The business had revenue of $76.05 million during the quarter. During the same quarter in the previous year, the company posted ($0.27) EPS. On average, analysts predict that Dynex Capital will post 1 earnings per share for the current year.

Dynex Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 23rd will be paid a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 12.47%. The ex-dividend date is Monday, September 23rd. Dynex Capital’s dividend payout ratio is presently 133.33%.

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.