Dynex Capital, Inc. (NYSE:DX) Short Interest Update

Dynex Capital, Inc. (NYSE:DX - Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 5,950,000 shares, a drop of 15.6% from the April 30th total of 7,050,000 shares. Based on an average daily volume of 3,900,000 shares, the short-interest ratio is presently 1.5 days. Approximately 7.7% of the shares of the stock are sold short.

Dynex Capital Price Performance

NYSE DX traded up $0.06 during trading hours on Friday, reaching $12.16. The company's stock had a trading volume of 2,279,200 shares, compared to its average volume of 2,513,293. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The company's 50-day moving average is $12.07 and its two-hundred day moving average is $12.75. Dynex Capital has a fifty-two week low of $10.79 and a fifty-two week high of $14.52. The stock has a market cap of $1.30 billion, a PE ratio of 8.27 and a beta of 0.93.

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

Dynex Capital Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 16.78%. The ex-dividend date was Friday, May 23rd. Dynex Capital's payout ratio is 264.94%.

Hedge Funds Weigh In On Dynex Capital

A number of institutional investors have recently made changes to their positions in DX. Vanguard Group Inc. boosted its stake in shares of Dynex Capital by 7.5% during the first quarter. Vanguard Group Inc. now owns 4,643,291 shares of the real estate investment trust's stock valued at $60,456,000 after acquiring an additional 325,891 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Dynex Capital by 311.4% during the 1st quarter. Millennium Management LLC now owns 3,276,781 shares of the real estate investment trust's stock worth $42,664,000 after purchasing an additional 2,480,330 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Dynex Capital by 0.4% during the 1st quarter. Victory Capital Management Inc. now owns 2,036,371 shares of the real estate investment trust's stock worth $26,514,000 after purchasing an additional 8,262 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Dynex Capital by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,838,020 shares of the real estate investment trust's stock worth $23,256,000 after buying an additional 136,280 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Dynex Capital by 6.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,427,121 shares of the real estate investment trust's stock worth $18,053,000 after buying an additional 81,510 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DX has been the subject of a number of research analyst reports. Jones Trading dropped their target price on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods lowered their price target on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Finally, Wall Street Zen cut Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday, April 24th.

About Dynex Capital

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.