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

Dynex Capital, Inc. (NYSE:DX - Get Free Report) saw a large drop in short interest during 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. Based on an average daily volume of 3,390,000 shares, the short-interest ratio is presently 2.1 days. Currently, 9.4% of the company's shares are sold short.

Analyst Ratings Changes

DX has been the subject of several recent analyst reports. StockNews.com cut shares of Dynex Capital from a "hold" rating to a "sell" rating in a research note on Thursday. Jones Trading cut their price objective on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods cut their price target on shares of Dynex Capital from $13.25 to $12.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, JMP Securities reissued a "market perform" rating on shares of Dynex Capital in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Dynex Capital presently has a consensus rating of "Hold" and a consensus price target of $12.83.

Institutional Trading of Dynex Capital

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Dynex Capital by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 652,132 shares of the real estate investment trust's stock valued at $8,249,000 after purchasing an additional 42,012 shares during the last quarter. Barclays PLC lifted its position in shares of Dynex Capital by 833.2% during the 3rd quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust's stock valued at $2,793,000 after acquiring an additional 195,400 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Dynex Capital during the 4th quarter worth $1,510,000. State Street Corp grew its holdings in shares of Dynex Capital by 2.9% in 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 acquiring an additional 44,302 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Dynex Capital by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust's stock worth $54,615,000 after purchasing an additional 260,798 shares during the period. Institutional investors and hedge funds own 38.34% of the company's stock.

Dynex Capital Stock Up 2.2 %

NYSE DX traded up $0.26 during trading hours on Friday, hitting $12.24. The company had a trading volume of 3,211,629 shares, compared to its average volume of 2,278,769. 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 fifty-two week low of $10.79 and a fifty-two week high of $14.52. The firm's 50 day moving average is $13.06 and its 200 day moving average is $12.79. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 8.33 and a beta of 1.14.

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

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Wednesday, April 23rd will be given a $0.17 dividend. 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 264.94%.

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.