Short Interest in Dynex Capital, Inc. (NYSE:DX) Expands By 16.3%

Dynex Capital, Inc. (NYSE:DX) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 5,580,000 shares, an increase 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.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DX. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th. StockNews.com cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $13.35.

Institutional Trading of Dynex Capital

A number of hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in shares of Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,661 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Dynex Capital during the second quarter worth about $81,000. ProShare Advisors LLC acquired a new stake in shares of Dynex Capital in the first quarter worth $126,000. Squarepoint Ops LLC acquired a new position in shares of Dynex Capital during the 2nd quarter valued at $128,000. Finally, Hilton Capital Management LLC purchased a new stake in Dynex Capital during the 3rd quarter worth $142,000. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Trading Up 0.3 %

Shares of DX opened at $12.42 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. Dynex Capital has a 1-year low of $11.11 and a 1-year high of $13.13. The stock has a market cap of $984.91 million, a price-to-earnings ratio of 9.86 and a beta of 1.32. The firm has a 50 day simple moving average of $12.47 and a 200-day simple moving average of $12.28.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). The company 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 in the prior year, the business posted ($0.28) EPS. Equities analysts forecast that Dynex Capital will post 1.03 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be given 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 dividend 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%.

About Dynex Capital

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.