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

Dynex Capital, Inc. (NYSE:DX - Get Free Report) was the recipient of a significant decrease in short interest in 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 short-interest ratio is presently 2.4 days.

Institutional Trading of Dynex Capital

A number of hedge funds and other institutional investors have recently modified their holdings of DX. Millennium Management LLC increased its position in Dynex Capital by 62.1% in 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 period. Victory Capital Management Inc. boosted its stake in shares of Dynex Capital by 7.0% in 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 grew 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 worth $21,718,000 after buying an additional 253,660 shares during the period. State Street Corp raised its stake in shares of Dynex Capital by 2.9% during the third quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust's stock worth $19,977,000 after buying an additional 44,302 shares during the last quarter. Finally, FMR LLC lifted its holdings in Dynex Capital by 6.6% in the third quarter. FMR LLC now owns 1,351,914 shares of the real estate investment trust's stock valued at $17,250,000 after buying an additional 83,919 shares during the period. Institutional investors and hedge funds own 38.34% of the company's stock.

Dynex Capital Price Performance

Shares of NYSE:DX traded down $0.05 on Monday, hitting $12.52. The stock had a trading volume of 1,821,354 shares, compared to its average volume of 1,579,033. The firm's 50 day moving average price is $12.49 and its 200-day moving average price is $12.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. Dynex Capital has a twelve month low of $11.36 and a twelve month high of $13.13. The company has a market capitalization of $992.89 million, a price-to-earnings ratio of 9.94 and a beta of 1.31.

Dynex Capital (NYSE:DX - Get Free Report) last posted its 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 firm 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 last year, the firm posted ($0.28) EPS. On average, equities research analysts predict that Dynex Capital will post 1.03 earnings per share for the current year.

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Thursday, January 2nd will be paid a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.38%. The ex-dividend date is Thursday, January 2nd. Dynex Capital's dividend payout ratio is presently 142.86%.

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.