Dynex Capital, Inc. (NYSE:DX) Short Interest Down 15.8% in March

Dynex Capital, Inc. (NYSE:DX - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 7,260,000 shares, a drop of 15.8% from the March 15th total of 8,620,000 shares. Approximately 9.4% of the shares of the company are short sold. Based on an average trading volume of 3,390,000 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its holdings in shares of Dynex Capital by 838.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust's stock worth $31,000 after buying an additional 2,223 shares in the last quarter. Amalgamated Bank boosted its holdings in Dynex Capital by 50.5% in the 1st quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 973 shares during the period. Westend Capital Management LLC increased its holdings in shares of 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 worth $43,000 after purchasing an additional 919 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Dynex Capital in the fourth quarter worth $43,000. Finally, PNC Financial Services Group Inc. boosted its stake in Dynex Capital by 87.5% during 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 buying an additional 1,700 shares during the period. Institutional investors own 38.34% of the company's stock.

Dynex Capital Stock Performance

NYSE:DX traded up $0.26 on Friday, reaching $12.24. 3,211,629 shares of the company's stock were exchanged, compared to its average volume of 2,278,769. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 8.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a fifty day simple moving average of $13.06 and a 200-day simple moving average of $12.79. Dynex Capital has a 52 week low of $10.79 and a 52 week high of $14.52.

Dynex Capital (NYSE:DX - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.06. The business had revenue of $17.13 million during the quarter, compared to analyst estimates of $11.41 million. Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. As a group, sell-side analysts predict that Dynex Capital will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Wednesday, April 23rd will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $2.04 dividend on an annualized basis and a yield of 16.67%. Dynex Capital's dividend payout ratio (DPR) is 138.78%.

Wall Street Analysts Forecast Growth

DX has been the subject of several research analyst reports. Keefe, Bruyette & Woods decreased their target price on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Jones Trading dropped their target price on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a research note on Monday. StockNews.com lowered shares of Dynex Capital from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, JMP Securities reiterated a "market perform" rating on shares of Dynex Capital in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $12.83.

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.