Dynex Capital (DX) Stock Price, News & Analysis

Company Overview

Dynex Capital, Inc. is a mortgage real estate investment trust that focuses on generating income through investments in residential mortgage-backed securities. The company seeks to capture spreads between short-term borrowing costs and long-term mortgage yields by deploying capital primarily into agency-backed mortgage securities guaranteed by U.S. government agencies. As a REIT, Dynex Capital distributes the majority of its taxable income to shareholders, offering exposure to the residential housing finance market without direct property ownership.

Dynex Capital’s portfolio is centered on agency residential mortgage-backed securities issued by the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac). To manage interest rate risk and optimize its net interest margin, the company utilizes derivative instruments such as interest rate swaps and caps, alongside secured repurchase agreements and collateralized funding facilities. These tools allow Dynex Capital to adjust the duration and convexity of its asset base to respond to changing market conditions.

Incorporated in Maryland in 1988 and headquartered in Wyomissing, Pennsylvania, Dynex Capital has evolved alongside the U.S. mortgage finance system. Over its history, the company has navigated shifts in regulatory environments and monetary policy, adapting its investment strategies to maintain stable dividend distributions. The company’s management team is led by President and Chief Executive Officer Bill Klemm, supported by a board of directors with extensive experience in real estate finance and risk management. Leadership emphasizes disciplined portfolio construction and a conservative approach to leverage.

Serving institutional and individual investors across the United States, Dynex Capital combines a specialized focus on agency mortgage securities with advanced risk-management capabilities. By blending traditional fixed-income investment techniques with derivative overlays, the company aims to provide consistent income while preserving capital. Its business model offers investors an indirect stake in the U.S. housing finance market, underpinned by government-guaranteed mortgage instruments and a seasoned management team.

Key Stats

• Today's Range: $12.68 to $12.82
• 50-Day Range: $11.86 to $12.88
• 52-Week Range: $10.79 to $14.52
• Volume: 3.12 million shs
• Average Volume: 2.71 million shs
• Market Capitalization: $1.37 billion
• P/E Ratio: 16.55
• Dividend Yield: 16.01%
• Price Target: $12.67
• Consensus Rating: Moderate Buy

Dynex Capital Stock Analysis - MarketRank™

Dynex Capital scored higher than 68% of companies evaluated by MarketBeat, and ranked 450th out of 936 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: 1.3 / 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.

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 16.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.90.

Price to Earnings Ratio vs. Sector

The P/E ratio of Dynex Capital is 16.55, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.04.

Price to Book Value per Share Ratio

Dynex Capital has a P/B Ratio of 0.94. 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

5.29% of the float of Dynex Capital has been sold short.

Short Interest Ratio / Days to Cover

Dynex Capital has a short interest ratio ("days to cover") of 1.4, 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 14.49%, 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 15.89%, 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 264.94%. 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

5.29% of the float of Dynex Capital has been sold short.

Short Interest Ratio / Days to Cover

Dynex Capital has a short interest ratio ("days to cover") of 1.4, 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 14.49%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.45

News Sentiment

Dynex Capital has a news sentiment score of 0.45. 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 lower news sentiment than the 0.95 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Dynex Capital this week, compared to 4 articles on an average week.

Search Interest

Only 28 people have searched for DX on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.

MarketBeat Follows

10 people have added Dynex Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 11% 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 at the beginning of 2025. Since then, DX shares have increased by 0.7% and is now trading at $12.74.

How were Dynex Capital's earnings last quarter?

Dynex Capital, Inc. (NYSE:DX) 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 real estate investment trust earned $17.13 million during the quarter, compared to the consensus estimate of $11.41 million. Dynex Capital had a net margin of 20.61% and a trailing twelve-month return on equity of 1.59%.
Read the conference call transcript.

When did Dynex Capital's stock split?

Shares of Dynex Capital reverse split on 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 investors of Dynex Capital include Kingstone Capital Partners Texas LLC (17.86%) and Wealth Enhancement Advisory Services LLC (0.02%). 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: 4/21/2025
• Record date for 6/2 Dividend: 5/23/2025
• Ex-Dividend for 6/2 Dividend: 5/23/2025
• Dividend Payable: 6/02/2025
• Record date for 7/1 Dividend: 6/23/2025
• Ex-Dividend for 7/1 Dividend: 6/23/2025
• Dividend Payable: 7/01/2025
• Today: 7/12/2025
• Next Earnings (Estimated): 7/21/2025
• 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: N/A

Price Target and Rating

• Average Price Target for Dynex Capital: $12.67
• High Price Target: $13.00
• Low Price Target: $12.50
• Potential Upside/Downside: -0.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.77
• Trailing P/E Ratio: 16.55
• Forward P/E Ratio: 6.57
• P/E Growth: N/A
• Net Income: $113.90 million
• Net Margins: 20.61%
• Pretax Margin: 20.61%
• Return on Equity: 1.59%
• Return on Assets: 0.22%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.24
• Quick Ratio: 1.24

Sales & Book Value

• Annual Sales: $319.53 million
• Price / Sales: 4.27
• Cash Flow: $0.40 per share
• Price / Cash Flow: 31.50
• Book Value: $13.58 per share
• Price / Book: 0.94

Miscellaneous

• Outstanding Shares: 107,160,000
• Free Float: 106,092,000
• Market Cap: $1.37 billion
• Optionable: Optionable
• Beta: 0.92