Dynex Capital, Inc. (NYSE:DX - Get Free Report) saw a significant increase in short interest during 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. Approximately 9.9% of the shares of the company are short sold. Based on an average daily volume of 2,550,000 shares, the days-to-cover ratio is currently 3.0 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of DX. Sterling Capital Management LLC raised its holdings in Dynex Capital by 838.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 2,223 shares during the last quarter. Westend Capital Management LLC raised its holdings in Dynex Capital by 37.0% in the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 919 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in Dynex Capital in the 4th quarter valued at about $43,000. PNC Financial Services Group Inc. raised its holdings in Dynex Capital by 87.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 1,700 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Dynex Capital by 567.1% in the 4th quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 3,227 shares during the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.
Dynex Capital Price Performance
Dynex Capital stock traded down $0.05 during midday trading on Friday, reaching $14.06. The company had a trading volume of 7,975,569 shares, compared to its average volume of 1,918,376. The company has a market capitalization of $1.27 billion, a P/E ratio of 9.56 and a beta of 1.35. Dynex Capital has a 12-month low of $11.36 and a 12-month high of $14.52. The firm's fifty day simple moving average is $13.50 and its 200-day simple moving average is $12.85. 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 (NYSE:DX - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. As a group, equities analysts anticipate that Dynex Capital will post 1.94 EPS for the current year.
Dynex Capital Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Dynex Capital's previous monthly dividend of $0.15. This represents a $2.04 dividend on an annualized basis and a yield of 14.51%. Dynex Capital's dividend payout ratio (DPR) is currently 138.78%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on DX. JMP Securities reissued a "market perform" rating on shares of Dynex Capital in a research note on Thursday, January 23rd. StockNews.com raised shares of Dynex Capital from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Dynex Capital presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.56.
Get Our Latest Research Report on Dynex Capital
About Dynex Capital
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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.
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