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

Dynex Capital, Inc. (NYSE:DX) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 7,650,000 shares, an increase of 19.7% from the February 13th total of 6,390,000 shares. Based on an average daily volume of 2,550,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 9.9% of the company’s shares are sold short.

Dynex Capital Trading Up 0.5 %

Shares of DX traded up $0.08 during trading hours on Tuesday, hitting $14.42. The stock had a trading volume of 2,524,386 shares, compared to its average volume of 1,890,831. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $1.30 billion, a P/E ratio of 9.81 and a beta of 1.35. The company’s fifty day simple moving average is $13.40 and its 200 day simple moving average is $12.82. Dynex Capital has a 12-month low of $11.36 and a 12-month high of $14.52.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. Equities research analysts forecast that Dynex Capital will post 1.94 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be given a $0.17 dividend. This is a positive change from Dynex Capital’s previous monthly dividend of $0.15. This represents a $2.04 annualized dividend and a dividend yield of 14.15%. The ex-dividend date is Monday, March 24th. Dynex Capital’s dividend payout ratio (DPR) is 138.78%.

Analysts Set New Price Targets

A number of brokerages have weighed in on DX. StockNews.com raised Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.56.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DX. Westend Capital Management LLC raised its position in Dynex Capital by 37.0% in the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 919 shares during the period. Founders Financial Alliance LLC raised its position in Dynex Capital by 4.7% in the fourth quarter. Founders Financial Alliance LLC now owns 21,195 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 950 shares during the period. Cambridge Advisors Inc. raised its position in Dynex Capital by 7.6% in the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 1,300 shares during the period. PDS Planning Inc raised its position in Dynex Capital by 10.8% in the fourth quarter. PDS Planning Inc now owns 15,822 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 1,536 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Dynex Capital by 87.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,700 shares during the period. 38.34% of the stock is owned by hedge funds and other institutional investors.

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.