Investors are feeling more bearish of late as shown by the motion in short interest. The company experienced a rise in short interest of 83.63% as of the latest report on October 31, 2017. Short interest grew from 461,051 to 846,631 over that period. Days to cover increased from 1.0 to 2.0 and the percentage of shorted shares was 0.02% on October 31.
These funds have shifted positions in (DX). As of the end of the quarter Citigroup Inc had sold 220 shares trimming its stake by 20.5%. The value of the investment in (DX) went from $8,000 to $6,000 a change of 25.0% for the reporting period. California State Teachers Retirement System downsized its stake by selling 7,349 shares a decrease of 9.0%. California State Teachers Retirement System controls 74,438 shares valued at $541,000. The total value of its holdings decreased 6.9%.
As of quarter end Ubs Asset Management Americas Inc had acquired a total of 928 shares growing its holdings by 997.8%. The value in dollars increased from $660,000 to $7,423,000 increasing 1,024.7% since the last quarter. As of quarter end Lsv Asset Management had bought a total of 33,208 shares growing its position 2.1%. The value of the company’s investment in Dynex Capital went from $10,966,000 to $11,470,000 a change of $504,000 quarter to quarter.
October 10 investment analysts at Ladenburg Thalmann Financial Services kept the stock rating at “Buy” targeting a price of $7.50. On October 6 Keefe, Bruyette & Woods left the company rating at “Hold” with a current price target of $7.25.
In the market the company is trading down by 0.36% percent from yesterday’s close. Dynex Capital’s P/E ratio is 4.81 and the market cap of the company is 368.01M. As of the latest earnings report the EPS was $1.44 with 53.22M shares currently outstanding.
Dynex Capital, Inc., launched on January 28, 2015, is an internally managed mortgage real estate investment trust (mortgage REIT), which invests in residential and commercial mortgage-backed securities on a leveraged basis. The Business’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation. The Company seeks to provide returns to its shareholders through regular quarterly dividends and through capital appreciation. The Company invests in Agency and non-Agency mortgage-backed securities (MBS). MBS consist of residential MBS (RMBS), commercial MBS (CMBS) and CMBS interest-only (IO) securities. Agency MBS have a guaranty of principal payment by an agency of the United States Government or a government-sponsored entity (GSE), such as Fannie Mae and Freddie Mac. Non-Agency MBS have no such guaranty of payment. The Company invests its capital pursuant to its Operating Policies, such as investment philosophy and strategy, financing strategy and hedging strategy..