Dynex Capital, Inc. (NYSE:DX) Sees Large Growth in Short Interest

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

Dynex Capital Stock Up 0.3 %

Shares of NYSE DX opened at $12.42 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $12.47 and its two-hundred day moving average is $12.28. Dynex Capital has a 52-week low of $11.11 and a 52-week high of $13.13. The firm has a market cap of $984.91 million, a price-to-earnings ratio of 9.86 and a beta of 1.32.

Dynex Capital (NYSE:DX) last issued its quarterly 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). The business had revenue of $83.46 million for the quarter, compared to analysts’ expectations of $4.92 million. Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. During the same quarter last year, the company earned ($0.28) earnings per share. Research analysts predict that Dynex Capital will post 1.03 EPS for the current year.

Dynex Capital Increases Dividend

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

Wall Street Analyst Weigh In

DX has been the subject of several research analyst reports. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. StockNews.com downgraded Dynex Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $13.35.

Institutional Investors Weigh In On Dynex Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the company. PVG Asset Management Corp purchased a new position in Dynex Capital in the second quarter valued at approximately $913,000. International Assets Investment Management LLC grew its position in shares of Dynex Capital by 1,152.5% in the 3rd quarter. International Assets Investment Management LLC now owns 406,532 shares of the real estate investment trust’s stock valued at $5,187,000 after buying an additional 374,074 shares during the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Dynex Capital in the 2nd quarter valued at $735,000. Wolverine Asset Management LLC raised its stake in Dynex Capital by 933.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 225,302 shares of the real estate investment trust’s stock worth $2,875,000 after acquiring an additional 203,494 shares in the last quarter. Finally, Clayton Partners LLC purchased a new stake in Dynex Capital in the second quarter valued at $1,313,000. 38.34% of the stock is currently 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.