Dynex Capital, Inc. (NYSE:DX) Short Interest Down 23.7% in April

Dynex Capital, Inc. (NYSE:DX) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 533,500 shares, a decline of 23.7% from the March 31st total of 699,000 shares. Based on an average daily volume of 540,600 shares, the days-to-cover ratio is presently 1.0 days.

In other Dynex Capital news, CEO Byron L. Boston acquired 1,635 shares of the business’s stock in a transaction dated Monday, March 8th. The shares were purchased at an average price of $18.35 per share, for a total transaction of $30,002.25. Following the completion of the purchase, the chief executive officer now directly owns 330,326 shares of the company’s stock, valued at $6,061,482.10. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.36% of the company’s stock.

Large investors have recently bought and sold shares of the business. Clear Perspectives Financial Planning LLC acquired a new stake in shares of Dynex Capital in the fourth quarter valued at about $84,000. DCM Advisors LLC purchased a new position in Dynex Capital in the 4th quarter valued at about $188,000. Bank of New York Mellon Corp boosted its holdings in Dynex Capital by 2.3% in the 4th quarter. Bank of New York Mellon Corp now owns 90,085 shares of the real estate investment trust’s stock worth $1,604,000 after buying an additional 2,027 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new stake in Dynex Capital during the 4th quarter worth approximately $1,107,000. Finally, Nkcfo LLC purchased a new stake in Dynex Capital during the 4th quarter worth approximately $160,000. Institutional investors own 50.17% of the company’s stock.

Separately, Jonestrading raised their target price on Dynex Capital from $18.50 to $19.00 and gave the stock a “buy” rating in a report on Friday, February 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Dynex Capital presently has a consensus rating of “Buy” and an average price target of $18.75.

Shares of NYSE:DX traded down $0.17 during trading on Tuesday, reaching $20.03. 402,925 shares of the company’s stock traded hands, compared to its average volume of 495,759. Dynex Capital has a fifty-two week low of $11.12 and a fifty-two week high of $20.41. The company has a 50-day simple moving average of $19.28 and a 200-day simple moving average of $18.17. The firm has a market cap of $608.01 million, a PE ratio of 2.65 and a beta of 1.24.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Wednesday, April 28th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. Dynex Capital had a return on equity of 15.69% and a net margin of 155.15%. As a group, research analysts predict that Dynex Capital will post 1.94 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which was paid on Monday, May 3rd. Investors of record on Thursday, April 22nd were issued a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 7.79%. The ex-dividend date was Wednesday, April 21st. Dynex Capital’s payout ratio is presently 74.64%.

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.

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