Dynex Capital, Inc. (NYSE:DX) Short Interest Up 16.3% in October

Dynex Capital, Inc. (NYSE:DX - Get Free Report) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 5,580,000 shares, an increase of 16.3% from the October 15th total of 4,800,000 shares. Based on an average daily volume of 1,930,000 shares, the days-to-cover ratio is presently 2.9 days.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DX shares. JMP Securities reissued a "market perform" rating on shares of Dynex Capital in a report on Wednesday, August 28th. StockNews.com downgraded shares of Dynex Capital from a "hold" rating to a "sell" rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $13.35.

Dynex Capital Stock Performance

DX stock traded up $0.04 during trading hours on Friday, hitting $12.42. 1,942,561 shares of the stock were exchanged, compared to its average volume of 1,556,386. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $12.47 and a two-hundred day simple moving average of $12.28. Dynex Capital has a 12 month low of $11.11 and a 12 month high of $13.13. The firm has a market capitalization of $984.96 million, a P/E ratio of 9.85 and a beta of 1.32.

Dynex Capital (NYSE:DX - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.39). Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. The company had revenue of $83.46 million during the quarter, compared to the consensus estimate of $4.92 million. During the same quarter in the previous year, the business posted ($0.28) EPS. On average, analysts forecast that Dynex Capital will post 1.03 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be paid a $0.15 dividend. This is an increase from Dynex Capital's previous monthly dividend of $0.13. The ex-dividend date is Friday, November 22nd. This represents a $1.80 annualized dividend and a yield of 14.49%. Dynex Capital's dividend payout ratio is presently 142.86%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DX. Millennium Management LLC raised its stake in shares of Dynex Capital by 62.1% during the second quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust's stock valued at $30,756,000 after acquiring an additional 986,471 shares during the last quarter. EMG Holdings L.P. bought a new position in Dynex Capital during the 2nd quarter worth $4,738,000. International Assets Investment Management LLC lifted its holdings in Dynex Capital by 1,152.5% during the 3rd quarter. International Assets Investment Management LLC now owns 406,532 shares of the real estate investment trust's stock worth $5,187,000 after buying an additional 374,074 shares during the period. Van ECK Associates Corp grew its position in shares of Dynex Capital by 69.1% in the 2nd quarter. Van ECK Associates Corp now owns 719,151 shares of the real estate investment trust's stock valued at $8,587,000 after buying an additional 293,888 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Dynex Capital by 17.5% in the third quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust's stock valued at $21,718,000 after buying an additional 253,660 shares during the period. 38.34% of the stock is currently owned by institutional investors and hedge funds.

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.