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Dynex Capital, Inc.
DX
NYSE·Real Estate·REIT - Mortgage·Mkt cap $2.0B
$13.01
▲ +0.39%
View full research view
Our plain-language verdict, the thesis, risk factors, and what is changing about the business.
View research view52-Week Range
$11.83 - $14.93
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 3.3% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
5 reasons
- REIT tax structure enabling 90% income distribution to shareholders
- Diversified MBS portfolio spanning agency, non-agency, residential, and commercial segments
- Experienced management team with 35+ years of mortgage securities expertise
- Leveraged investment strategy to enhance returns on capital
- Access to both government-guaranteed and higher-yielding non-agency securities
Bear Case
2 risks
- Average volatility.
- Growth premium of 1.1x vs Mortgage REITs peers. Reasonable for this growth rate.
Growth
Revenue decline expected
Mortgage market expansion and refinancing activity cycles
Value
Growth premium of 1.1x vs Mortgage REITs peers. Reasonable for this growth rate.
Momentum
Stable
+0.7% over 3m
Quality
Excellent
High-growth business (217% revenue growth, 100% gross margin). Profitable with strong growth momentum.
Dividend
High yield
15.74% yield
Smart-money signal
Who's buying DX right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Apr 27, 2026
APR 20, 2026
Reported EPS of $0.31 vs $0.31 consensus (-1.0% surprise). Revenue of $79.3M vs $89.2M expected (-11.1%).
EPS surprise · last 4Q
0 of 1 beats
Q2 26
-1.0%
Next: Apr 27, 2026
Revenue trend · last 8Q
—
—
+82%
-83%
-102%
+250%
+193%
+2747%
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
$74.5M
$39.7M
$60.3M
$9.0M
-$1.3M
$149.7M
$177.0M
$257.4M
Margins · last 8Q
Gross
100.0%
Operating
92.0%
Profit
-31.2%
Wall Street consensus
2 analysts · 50% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
50%
Hold
50%
Sell
0%
Median Price Target
$14.50
▲ +11.5% vs $13.01
Latest: UBS · $14.50 · Apr 24, 2026
1 analyst covering