Dynex Capital (DX) Stock Price, News & Analysis

Company Overview

Dynex Capital, Inc., a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. 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 have no such guaranty of payment. 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 stockholders as dividends. Dynex Capital, Inc. was incorporated in 1987 and is headquartered in Glen Allen, Virginia.

Key Stats

• Today's Range: $12.31 to $12.51
• 50-Day Range: $12.08 to $12.96
• 52-Week Range: $11.11 to $13.13
• Volume: 2.11 million shs
• Average Volume: 1.56 million shs
• Market Capitalization: $984.16 million
• P/E Ratio: 9.85
• Dividend Yield: 14.50%
• Price Target: $13.35
• Consensus Rating: Moderate Buy

Dynex Capital Stock Analysis - MarketRank™

Dynex Capital scored higher than 80% of companies evaluated by MarketBeat, and ranked 277th out of 930 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 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Dynex Capital has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 81.55%

Earnings Growth

Earnings for Dynex Capital are expected to grow by 81.55% in the coming year, from $1.03 to $1.87 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Dynex Capital is 9.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Dynex Capital is 9.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Price to Book Value per Share Ratio

Dynex Capital has a P/B Ratio of 0.92. 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

7.04% 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 2.9, 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 16.25%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Dynex Capital is a leading dividend payer. It pays a dividend yield of 12.49%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Dynex Capital does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Dynex Capital is 142.86%. 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 96.26% 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

7.04% 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 2.9, 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 16.25%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 1.58

News Sentiment

Dynex Capital has a news sentiment score of 1.58. 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 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Dynex Capital this week, compared to 3 articles on an average week.

Search Interest

38 people have searched for DX on MarketBeat in the last 30 days. This is an increase of 73% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Dynex Capital to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% 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 2.50% 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 $12.52 on January 1st, 2024. Since then, DX stock has decreased by 0.9% and is now trading at $12.41.
View the best growth stocks for 2024 here.

How were Dynex Capital's earnings last quarter?

Dynex Capital, Inc. (NYSE:DX) released its quarterly earnings results on Monday, October, 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by $0.39. The real estate investment trust earned $83.46 million during the quarter, compared to the consensus estimate of $4.92 million. Dynex Capital had a negative trailing twelve-month return on equity of 4.80% and a net margin of 28.83%.

When did Dynex Capital's stock split?

Dynex Capital shares 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 market closes 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 Victory Capital Management Inc. (2.64%), Geode Capital Management LLC (2.15%), State Street Corp (1.95%) and FMR LLC (1.70%). Insiders that own company stock include Byron L Boston, Robert S Colligan and Jeffrey L Childress.
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.
Compare Top Brokerages Here.

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: 10/21/2024
• Ex-Dividend for 11/1 Dividend: 10/25/2024
• Dividend Payable: 11/01/2024
• Today: 11/20/2024
• Ex-Dividend for 12/2 Dividend: 11/22/2024
• Dividend Payable: 12/02/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/03/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Mortgage REITs
• Current Symbol: NYSE:DX
• CUSIP: 26817Q50
• CIK: 826675
• Web: www.dynexcapital.com
• Phone: (804) 217-5800
• Fax: 804-217-5860
• Employees: 22
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $13.35
• High Stock Price Target: $14.50
• Low Stock Price Target: $12.25
• Potential Upside/Downside: +7.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.26
• Trailing P/E Ratio: 9.85
• Forward P/E Ratio: 12.05
• P/E Growth: N/A
• Net Income: $-6,130,000.00
• Net Margins: 28.83%
• Pretax Margin: 28.83%
• Return on Equity: -4.80%
• Return on Assets: -0.63%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 1.20
• Quick Ratio: 1.20

Sales & Book Value

• Annual Sales: $123.18 million
• Price / Sales: 7.99
• Cash Flow: $0.57 per share
• Price / Cash Flow: 21.95
• Book Value: $13.47 per share
• Price / Book: 0.92

Miscellaneous

• Outstanding Shares: 79,304,000
• Free Float: 78,511,000
• Market Cap: $984.16 million
• Optionable: Optionable
• Beta: 1.32