Symbols / DX Stock $13.76 +1.18% Dynex Capital, Inc.

Real Estate • REIT - Mortgage • United States • NYQ
DX (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Real Estate
Industry REIT - Mortgage
CEO Mr. Byron L. Boston
Exch · Country NYQ · United States
Market Cap 2.85B
Enterprise Value 23.21B
Income 230.85M
Sales 303.96M
FCF (ttm) —
Book/sh 13.47
Cash/sh 3.74
Employees 28
Insider 10d —
IPO Feb 10, 1988
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 96.23%
P/E 6.49
Forward P/E 9.06
PEG 0.71
P/S 9.38
P/B 1.02
P/C —
EV/EBITDA —
EV/Sales 76.36
Quick Ratio 0.04
Current Ratio 0.07
Debt/Eq 773.89
LT Debt/Eq —
EPS (ttm) 2.12
EPS next Y 1.52
EPS Growth —
Revenue Growth —
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-07-20
Earnings (prior) 2026-04-20
ROA 1.45%
ROE 11.74%
ROIC —
Gross Margin 100.00%
Oper. Margin 135.96%
Profit Margin 79.54%
Shs Outstand 207.15M
Shs Float 206.05M
Insider Own 0.76%
Instit Own 37.59%
Short Float 6.14%
Short Ratio 1.80
Short Interest 12.65M
52W High 14.93
vs 52W High -7.84%
52W Low 11.70
vs 52W Low 17.61%
Beta 0.98
Impl. Vol. 32.03%
Rel Volume 1.36
Avg Volume 6.40M
Volume 8.72M
Target (mean) $15.00
Tgt Median $15.00
Tgt Low $14.00
Tgt High $16.00
# Analysts 5
Recom Buy
Prev Close $13.60
Price $13.76
Change 1.18%
About

Dynex Capital, Inc., a mortgage real estate investment trust, invests in residential and commercial mortgage-backed securities (MBS) in the United States. Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Non-Agency MBS do not have a guaranty of principal or interest payments. The company has qualified as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its shareholders. The company was incorporated in 1987 and is headquartered in Glen Allen, Virginia.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$15.00
Mean price target
2. Current target
$13.76
Latest analyst target
3. DCF / Fair value
$31.80
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$13.76
Low
$14.00
High
$16.00
Mean
$15.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-24 main UBS Neutral → Neutral $15
2026-01-27 main Jones Trading Buy → Buy $15
2025-12-18 main Keefe, Bruyette & Woods Outperform → Outperform $15
2025-10-20 main Jones Trading Buy → Buy $14
2025-09-03 main UBS Neutral → Neutral $13
2025-07-21 main Jones Trading Buy → Buy $13
2025-07-10 main UBS Neutral → Neutral $13
2025-07-10 main Keefe, Bruyette & Woods Outperform → Outperform $13
2025-04-21 main Jones Trading Buy → Buy $13
2025-04-08 main Keefe, Bruyette & Woods Outperform → Outperform $13
2025-01-27 main Jones Trading Buy → Buy $13
2025-01-23 reit JMP Securities Market Perform → Market Perform —
2024-07-22 main Jones Trading Buy → Buy $13
2024-06-06 init Janney Montgomery Scott — → Buy —
2024-04-23 main Keefe, Bruyette & Woods Outperform → Outperform $12
2024-04-22 main JonesTrading Buy → Buy $14
2024-04-19 reit JMP Securities — → Market Perform —
2024-04-18 reit JMP Securities — → Market Perform —
2024-04-12 init Compass Point — → Buy $15
2024-01-30 main JonesTrading Buy → Buy $14
News
RSS: Latest DX news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-04 BOSTON BYRON L Chief Executive Officer — 136,006 $0.00 $0
2026-03-04 CHILDRESS JEFFREY L Officer — 18,275 $0.00 $0
2026-03-04 POPENOE SMRITI LAXMAN Chief Executive Officer — 136,006 $0.00 $0
2026-02-27 BOSTON BYRON L Chief Executive Officer — 86,579 $0.00 $0
2026-02-27 POPENOE SMRITI LAXMAN Chief Executive Officer — 66,287 $0.00 $0
2026-02-27 POPENOE SMRITI LAXMAN Chief Executive Officer — 2,000 $12.19 $24,380
2025-09-26 POPENOE SMRITI LAXMAN Chief Executive Officer — 4,260 $12.12 $51,784
2025-09-26 COLLIGAN ROBERT S Chief Operating Officer — 4,200 $12.12 $50,904
2025-05-28 BOSTON BYRON L Chief Executive Officer — 18,479 $0.00 $0
2025-05-28 CHILDRESS JEFFREY L Officer — 3,734 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
372.11
+147.42%
150.40
+462.25%
26.75
-84.89%
177.00
Operating Revenue
372.11
+147.42%
150.40
+462.25%
26.75
-84.89%
177.00
Selling General And Administration
51.51
+48.90%
34.59
+12.58%
30.73
-5.02%
32.35
General And Administrative Expense
51.51
+48.90%
34.59
+12.58%
30.73
-5.02%
32.35
Salaries And Wages
35.13
+71.31%
20.50
+21.12%
16.93
+0.72%
16.81
Other Gand A
16.38
+16.28%
14.09
+2.09%
13.80
-11.23%
15.54
Reconciled Depreciation
2.10
+12.37%
1.87
-19.35%
2.31
-1.66%
2.35
Net Income
319.07
+180.13%
113.90
+1958.04%
-6.13
-104.28%
143.16
Pretax Income
319.07
+180.13%
113.90
+1958.04%
-6.13
-104.28%
143.16
Net Interest Income
114.36
+1845.82%
5.88
+174.10%
-7.93
-118.41%
43.08
Interest Expense
419.17
+33.64%
313.66
+45.58%
215.45
+394.01%
43.61
Interest Income
533.52
+66.97%
319.53
+53.98%
207.52
+139.36%
86.69
Other Non Operating Income Expenses
—
—
-2.15
-44.65%
-1.49
Gain On Sale Of Security
257.76
+78.36%
144.52
+316.72%
34.68
-74.10%
133.92
Tax Rate For Calcs
0.00
+0.00%
0.00
0.00
-100.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
319.07
+180.13%
113.90
+1958.04%
-6.13
-104.28%
143.16
Net Income From Continuing Operation Net Minority Interest
319.07
+180.13%
113.90
+1958.04%
-6.13
-104.28%
143.16
Net Income From Continuing And Discontinued Operation
319.07
+180.13%
113.90
+1958.04%
-6.13
-104.28%
143.16
Net Income Continuous Operations
319.07
+180.13%
113.90
+1958.04%
-6.13
-104.28%
143.16
Normalized Income
319.07
+180.13%
113.90
+1958.04%
-6.13
-104.28%
143.16
Net Income Common Stockholders
308.88
+190.83%
106.20
+868.26%
-13.82
-110.20%
135.47
Otherunder Preferred Stock Dividend
—
—
—
—
Diluted EPS
2.47
+65.77%
1.49
+696.00%
-0.25
-107.89%
3.17
Basic EPS
2.49
+66.00%
1.50
+700.00%
-0.25
-107.84%
3.19
Basic Average Shares
124.13
+75.41%
70.77
+29.11%
54.81
+28.99%
42.49
Diluted Average Shares
125.07
+75.51%
71.26
+30.02%
54.81
+28.23%
42.74
Diluted NI Availto Com Stockholders
308.88
+190.83%
106.20
+868.26%
-13.82
-110.20%
135.47
Other Non Interest Expense
1.54
-19.21%
1.91
-11.44%
2.15
+44.65%
1.49
Preferred Stock Dividends
10.19
+32.45%
7.69
+0.00%
7.69
+0.00%
7.69
Line Item Trend 2023-12-31
Total Assets
6,369.75
Cash And Cash Equivalents
119.64
Cash Financial
—
Receivables
30.04
Accounts Receivable
28.73
Other Receivables
1.31
Investments And Advances
158.20
Total Liabilities Net Minority Interest
5,499.02
Payables And Accrued Expenses
63.61
Payables
63.61
Accounts Payable
53.19
Other Payable
0.10
Dividends Payable
10.32
Stockholders Equity
870.74
Common Stock Equity
762.89
Capital Stock
108.41
Common Stock
0.57
Preferred Stock
107.84
Share Issued
57.04
Ordinary Shares Number
57.04
Treasury Shares Number
0.00
Additional Paid In Capital
1,404.43
Retained Earnings
-483.61
Gains Losses Not Affecting Retained Earnings
-158.50
Other Equity Adjustments
-158.50
Total Equity Gross Minority Interest
870.74
Net Tangible Assets
870.74
Tangible Book Value
762.89
Available For Sale Securities
158.20
Cash Cash Equivalents And Federal Funds Sold
237.86
Derivative Product Liabilities
0.00
Preferred Shares Number
4.46
Preferred Stock Equity
107.84
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
120.82
+739.50%
14.39
-76.86%
62.20
-50.77%
126.35
Cash Flow From Continuing Operating Activities
120.82
+739.50%
14.39
-76.86%
62.20
-50.77%
126.35
Net Income From Continuing Operations
319.07
+180.13%
113.90
+1958.04%
-6.13
-104.28%
143.16
Depreciation Amortization Depletion
2.10
+12.37%
1.87
-19.35%
2.31
-1.66%
2.35
Depreciation And Amortization
2.10
+12.37%
1.87
-19.35%
2.31
-1.66%
2.35
Stock Based Compensation
12.56
+73.67%
7.24
+49.70%
4.83
+9.37%
4.42
Operating Gains Losses
113.09
+139.42%
-286.87
-366.06%
107.82
+131.08%
-346.94
Gain Loss On Investment Securities
0.00
-100.00%
1.51
-97.99%
74.92
-15.89%
89.07
Unrealized Gain Loss On Investment Securities
-370.85
-360.52%
142.35
+199.90%
-142.50
-166.89%
213.02
Change In Working Capital
18.88
+260.57%
-11.76
-155.56%
21.17
+72.57%
12.27
Change In Receivables
-35.10
-911.21%
-3.47
+74.23%
-13.47
-1151.58%
-1.08
Changes In Account Receivables
-35.10
-911.21%
-3.47
+74.23%
-13.47
-1151.58%
-1.08
Change In Payables And Accrued Expense
50.52
+692.87%
-8.52
-123.19%
36.74
+143.58%
15.09
Change In Payable
50.52
+692.87%
-8.52
-123.19%
36.74
+143.58%
15.09
Change In Account Payable
50.52
+692.87%
-8.52
-123.19%
36.74
+143.58%
15.09
Change In Other Working Capital
3.46
+1377.35%
0.23
+111.08%
-2.11
-21.04%
-1.74
Investing Cash Flow
-8,073.98
-686.92%
-1,026.03
+65.34%
-2,960.05
-4423.31%
-65.44
Cash Flow From Continuing Investing Activities
-8,073.98
-686.92%
-1,026.03
+65.34%
-2,960.05
-4423.31%
-65.44
Net Investment Purchase And Sale
-8,082.90
-724.12%
-980.79
+67.38%
-3,006.51
-4477.02%
-65.69
Purchase Of Investment
-9,035.62
-382.56%
-1,872.42
+49.04%
-3,674.26
-136.56%
-1,553.22
Sale Of Investment
952.72
+6.85%
891.63
+33.53%
667.75
-55.11%
1,487.53
Net Other Investing Changes
8.37
+118.20%
-46.00
-200.95%
45.57
+3357.04%
-1.40
Financing Cash Flow
8,262.00
+492.13%
1,395.31
-48.05%
2,685.84
+8404.49%
-32.34
Cash Flow From Continuing Financing Activities
8,262.00
+492.13%
1,395.31
-48.05%
2,685.84
+8404.49%
-32.34
Net Issuance Payments Of Debt
—
—
0.00
0.00
Repayment Of Debt
—
—
0.00
0.00
Long Term Debt Payments
—
—
0.00
0.00
Net Long Term Debt Issuance
—
—
0.00
0.00
Net Common Stock Issuance
1,169.28
+251.86%
332.32
+679.61%
42.63
-82.73%
246.88
Common Stock Payments
—
—
—
0.00
Cash Dividends Paid
-246.60
-109.26%
-117.84
-26.66%
-93.04
-28.57%
-72.37
Repurchase Of Capital Stock
—
—
0.00
0.00
Net Other Financing Charges
-1.79
-51.36%
-1.18
-165.17%
-0.45
+66.96%
-1.35
Changes In Cash
308.85
-19.50%
383.68
+280.97%
-212.01
-842.08%
28.57
Beginning Cash Position
621.54
+161.30%
237.86
-47.13%
449.88
+6.78%
421.31
End Cash Position
930.39
+49.69%
621.54
+161.30%
237.86
-47.13%
449.88
Free Cash Flow
120.82
+739.50%
14.39
-76.86%
62.20
-50.77%
126.35
Interest Paid Supplemental Data
368.64
+14.42%
322.18
+80.29%
178.71
+526.44%
28.53
Common Stock Issuance
1,169.28
+251.86%
332.32
+679.61%
42.63
-82.73%
246.88
Issuance Of Capital Stock
1,169.28
+251.86%
332.32
+679.61%
42.63
-82.73%
246.88
Net Preferred Stock Issuance
—
—
0.00
0.00
Preferred Stock Issuance
—
—
—
0.00
Preferred Stock Payments
—
—
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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