Dynex Capital, Inc. (NYSE:DX) Sees Large Decrease in Short Interest

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

Analyst Upgrades and Downgrades

DX has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Dynex Capital from a "hold" rating to a "sell" rating in a research report on Thursday, April 24th. Jones Trading cut their price target on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a research report on Monday, April 21st. Finally, 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 report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Dynex Capital presently has an average rating of "Hold" and a consensus target price of $12.83.

Hedge Funds Weigh In On Dynex Capital

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Dynex Capital by 7.5% in the 1st 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 in the last quarter. Millennium Management LLC lifted its position in Dynex Capital by 311.4% in the 1st quarter. Millennium Management LLC now owns 3,276,781 shares of the real estate investment trust's stock valued at $42,664,000 after acquiring an additional 2,480,330 shares in the last quarter. Victory Capital Management Inc. lifted its position in Dynex Capital by 0.4% in the 1st quarter. Victory Capital Management Inc. now owns 2,036,371 shares of the real estate investment trust's stock valued at $26,514,000 after acquiring an additional 8,262 shares in the last quarter. Geode Capital Management LLC lifted its position in Dynex Capital by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,838,020 shares of the real estate investment trust's stock valued at $23,256,000 after acquiring an additional 136,280 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Dynex Capital by 6.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,427,121 shares of the real estate investment trust's stock valued at $18,053,000 after acquiring an additional 81,510 shares in the last quarter. Institutional investors own 38.34% of the company's stock.

Dynex Capital Stock Up 0.3%

Shares of DX stock traded up $0.04 on Thursday, reaching $12.10. 4,143,599 shares of the company were exchanged, compared to its average volume of 2,541,617. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 8.23 and a beta of 0.92. The company has a 50-day moving average of $12.10 and a 200-day moving average of $12.75. 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 one year low of $10.79 and a one year 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.06. The company had revenue of $17.13 million for the quarter, compared to analysts' expectations of $11.41 million. Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. Analysts anticipate that Dynex Capital will post 1.94 earnings per share for the current year.

Dynex Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were given a dividend of $0.17 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 16.87%. Dynex Capital's dividend payout ratio (DPR) is presently 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.