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

Dynex Capital, Inc. (NYSE:DX) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 4,740,000 shares, a decrease of 7.2% from the November 30th total of 5,110,000 shares. Based on an average daily volume of 2,010,000 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Trading of Dynex Capital

Several institutional investors and hedge funds have recently made changes to their positions in DX. Millennium Management LLC increased its position 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 valued at $30,756,000 after acquiring an additional 986,471 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Dynex Capital by 7.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust’s stock valued at $26,704,000 after purchasing an additional 136,776 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Dynex Capital by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock valued at $21,718,000 after purchasing an additional 253,660 shares during the last quarter. State Street Corp raised its stake in shares of Dynex Capital by 2.9% during the 3rd quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust’s stock worth $19,977,000 after purchasing an additional 44,302 shares during the period. Finally, FMR LLC boosted its holdings in shares of Dynex Capital by 6.6% in the 3rd quarter. FMR LLC now owns 1,351,914 shares of the real estate investment trust’s stock worth $17,250,000 after buying an additional 83,919 shares during the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

DX opened at $12.57 on Monday. Dynex Capital has a 1-year low of $11.36 and a 1-year high of $13.13. The company has a market cap of $996.85 million, a price-to-earnings ratio of 9.98 and a beta of 1.31. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average price is $12.49 and its two-hundred day moving average price is $12.36.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). The company had revenue of $83.46 million during the quarter, compared to the consensus estimate of $4.92 million. Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. During the same quarter in the prior year, the business earned ($0.28) EPS. On average, analysts expect that Dynex Capital will post 1.03 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, January 2nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.80 annualized dividend and a dividend yield of 14.32%. Dynex Capital’s payout ratio is 142.86%.

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.