Dynex Capital (DX) Stock Price, News & Analysis

Company Overview

Dynex Capital, Inc. is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle. Its portfolio may include fixed-rate and adjustable-rate securities, as well as related instruments designed to hedge interest rate risk. The trust operates under an external management arrangement, with day-to-day advisory services provided by Dynex Capital Advisors LLC, an indirect wholly-owned subsidiary of NewStar Financial, Inc.

Headquartered in Westport, Connecticut, Dynex Capital principally serves the U.S. residential mortgage market. The REIT structure allows Dynex Capital to distribute the majority of its taxable income to shareholders in the form of dividends while maintaining flexibility in its investment mandate. By focusing on agency and selected non-agency mortgage securities, the company seeks to balance yield opportunities with credit quality considerations, positioning itself to navigate evolving market conditions in the broader mortgage finance sector.

Key Stats

• Today's Range: $12.73 to $12.93
• 50-Day Range: $12.21 to $12.91
• 52-Week Range: $10.79 to $14.52
• Volume: 6.54 million shs
• Average Volume: 3.67 million shs
• Market Capitalization: $1.68 billion
• P/E Ratio: 16.54
• Dividend Yield: 15.81%
• Price Target: $13.00
• Consensus Rating: Moderate Buy

Dynex Capital Stock Analysis - MarketRank™

Dynex Capital scored higher than 76% of companies evaluated by MarketBeat, and ranked 384th out of 925 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.9 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Dynex Capital has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for Dynex Capital is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Dynex Capital has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 1.55%

Earnings Growth

Earnings for Dynex Capital are expected to grow by 1.55% in the coming year, from $1.94 to $1.97 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Dynex Capital is 16.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 278.02.

Price to Earnings Ratio vs. Sector

The P/E ratio of Dynex Capital is 16.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 232.42.

Price to Book Value per Share Ratio

Dynex Capital has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.06% of the outstanding shares of Dynex Capital have been sold short.

Short Interest Ratio / Days to Cover

Dynex Capital has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Dynex Capital has recently increased by 7.00%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Dynex Capital is a leading dividend payer. It pays a dividend yield of 15.79%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Dynex Capital has been increasing its dividend for 5 years.

Dividend Coverage

The dividend payout ratio of Dynex Capital is 261.54%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Dynex Capital will have a dividend payout ratio of 103.55% in the coming year. This indicates that Dynex Capital may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 2.7 / 5
• Environmental Score: -3.38

Percentage of Shares Shorted

5.06% of the outstanding shares of Dynex Capital have been sold short.

Short Interest Ratio / Days to Cover

Dynex Capital has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Dynex Capital has recently increased by 7.00%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.36

News Sentiment

Dynex Capital has a news sentiment score of 1.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.96 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Dynex Capital this week, compared to 4 articles on an average week.

Search Interest

Only 31 people have searched for DX on MarketBeat in the last 30 days. This is a decrease of -28% compared to the previous 30 days.

MarketBeat Follows

13 people have added Dynex Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 44% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Dynex Capital insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.00% of the stock of Dynex Capital is held by insiders.

Percentage Held by Institutions

Only 38.34% of the stock of Dynex Capital is held by institutions.

DX Stock Analysis - Frequently Asked Questions

How have DX shares performed this year?

Dynex Capital's stock was trading at $12.65 on January 1st, 2025. Since then, DX shares have increased by 2.0% and is now trading at $12.9050.

How were Dynex Capital's earnings last quarter?

Dynex Capital, Inc. (NYSE:DX) posted its quarterly earnings data on Monday, July, 21st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.27. The real estate investment trust had revenue of $23.13 million for the quarter, compared to analysts' expectations of $21.20 million. Dynex Capital had a trailing twelve-month return on equity of 4.19% and a net margin of 17.27%.
Read the conference call transcript.

When did Dynex Capital's stock split?

Shares of Dynex Capital reverse split on the morning of Friday, June 21st 2019.The 1-3 reverse split was announced on Thursday, June 6th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, June 20th 2019. An investor that had 100 shares of stock prior to the reverse split would have 33 shares after the split.

Who are Dynex Capital's major shareholders?

Top institutional shareholders of Dynex Capital include Kingstone Capital Partners Texas LLC (17.86%), Geode Capital Management LLC (1.94%), Ameriprise Financial Inc. (1.25%) and Invesco Ltd. (1.14%). Insiders that own company stock include Byron L Boston and Robert S Colligan.
View institutional ownership trends.

How do I buy shares of Dynex Capital?

Shares of DX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Dynex Capital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Dynex Capital investors own include AGNC Investment (AGNC), Annaly Capital Management (NLY), AT&T (T), Meta Platforms (META), Verizon Communications (VZ), NVIDIA (NVDA) and Energy Transfer (ET).

Company Calendar

• Last Earnings: 7/21/2025
• Record date for 8/1 Dividend: 7/23/2025
• Ex-Dividend for 8/1 Dividend: 7/23/2025
• Dividend Payable: 8/01/2025
• Record date for 9/2 Dividend: 8/22/2025
• Ex-Dividend for 9/2 Dividend: 8/22/2025
• Dividend Payable: 9/02/2025
• Today: 9/06/2025
• Next Earnings (Estimated): 10/20/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - MTGE TRUST
• Sub-Industry: Mortgage REITs
• Current Symbol: NYSE:DX
• CIK: 826675
• Web: www.dynexcapital.com
• Phone: (804) 217-5800
• Fax: 804-217-5860
• Employees: 20
• Year Founded: 1987

Price Target and Rating

• Average Price Target for Dynex Capital: $13.00
• High Price Target: $13.00
• Low Price Target: $13.00
• Potential Upside/Downside: +0.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.78
• Trailing P/E Ratio: 16.54
• Forward P/E Ratio: 6.65
• P/E Growth: N/A
• Net Income: $113.90 million
• Net Margins: 17.27%
• Pretax Margin: 17.27%
• Return on Equity: 4.19%
• Return on Assets: 0.57%

Debt

• Debt-to-Equity Ratio: 0.02
• Current Ratio: 1.30
• Quick Ratio: 1.30

Sales & Book Value

• Annual Sales: $319.53 million
• Price / Sales: 5.25
• Cash Flow: $0.41 per share
• Price / Cash Flow: 31.33
• Book Value: $13.58 per share
• Price / Book: 0.95

Miscellaneous

• Outstanding Shares: 129,910,000
• Free Float: 128,613,000
• Market Cap: $1.68 billion
• Optionable: Optionable
• Beta: 0.93