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Dynex Capital, Inc. logo

Dynex Capital, Inc.

DX

NYSEReal EstateREIT - Mortgage

Open in GoAI

Regular session

$13.035

+$0.005 · +0.04%

Aug 24, 11:01 AM ET

DX company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

99

Deep Value

Momentum

39

Weakening

Sentiment

69

Bullish

Risk resilience

80

Low Risk

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Company profile

Company website

Dynex Capital, Inc. operates as a mortgage real estate investment trust (mREIT), primarily engaging in the leveraged acquisition of various mortgage-backed securities (MBS) within the United States. Its investment portfolio includes both agency and non-agency MBS. Agency MBS are distinguished by a principal payment guarantee from a U.S. government entity or a government-sponsored enterprise (GSE), such as Fannie Mae or Freddie Mac. In contrast, non-agency MBS do not possess this governmental backing. Dynex's holdings specifically encompass residential MBS, commercial MBS (CMBS), and certain CMBS interest-only instruments. For federal income tax purposes, the company holds the designation of a real estate investment trust. This status typically exempts Dynex Capital from federal corporate income tax liabilities, provided it distributes a minimum of 90% of its taxable earnings to its shareholders. Established in 1987, the firm maintains its corporate headquarters in Glen Allen, Virginia.

Industry
REIT - Mortgage
Sector
Real Estate
Headquarters
US
CEO
Byron L. Boston
Listed since
Feb 10, 1988
Employees
28

Market position

Day range

Current $13.035

52-week range

Current $13.035

Open
$13.03
Previous close
$13.03
Volume
2.03M
0.39× average
Average volume
5.23M
Average daily volume
Market cap
3.23B USD
Beta
0.94
Market reference 1
50-day average
$13.0104
+0.19% above average
200-day average
$13.419
-2.86% below average

Financials

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends965%-2249%-5463%-8678%Gross margin, FY2021: 100.00%Gross margin, FY2022: 100.00%Gross margin, FY2023: 100.00%Gross margin, FY2024: 100.00%Gross margin, FY2025: 100.00%Operating margin, FY2021: 161.68%Operating margin, FY2022: -7874.07%Operating margin, FY2023: 157.86%Operating margin, FY2024: 134.44%Operating margin, FY2025: 138.37%Net margin, FY2021: 153.19%Net margin, FY2022: -6035.46%Net margin, FY2023: -4.62%Net margin, FY2024: 35.81%Net margin, FY2025: 59.80%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 100.00%. Gross margin FY2022 100.00%. Gross margin FY2023 100.00%. Gross margin FY2024 100.00%. Gross margin FY2025 100.00%. Operating margin FY2021 161.68%. Operating margin FY2022 -7874.07%. Operating margin FY2023 157.86%. Operating margin FY2024 134.44%. Operating margin FY2025 138.37%. Net margin FY2021 153.19%. Net margin FY2022 -6035.46%. Net margin FY2023 -4.62%. Net margin FY2024 35.81%. Net margin FY2025 59.80%.

Income trends

Revenue

533.52M USD+67.76%

Operating income

738.23M USD+72.66%

Net income

319.07M USD+180.13%
Income trends across reported periods812.67M USD514.92M USD217.18M USD−80.57M USDRevenue, FY2021: 66.76M USDRevenue, FY2022: −2.37M USDRevenue, FY2023: 132.6M USDRevenue, FY2024: 318.03M USDRevenue, FY2025: 533.52M USDOperating income, FY2021: 107.93M USDOperating income, FY2022: 186.77M USDOperating income, FY2023: 209.32M USDOperating income, FY2024: 427.56M USDOperating income, FY2025: 738.23M USDNet income, FY2021: 102.26M USDNet income, FY2022: 143.16M USDNet income, FY2023: −6.13M USDNet income, FY2024: 113.9M USDNet income, FY2025: 319.07M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 66.76M USD. Revenue FY2022 −2.37M USD. Revenue FY2023 132.6M USD. Revenue FY2024 318.03M USD. Revenue FY2025 533.52M USD. Operating income FY2021 107.93M USD. Operating income FY2022 186.77M USD. Operating income FY2023 209.32M USD. Operating income FY2024 427.56M USD. Operating income FY2025 738.23M USD. Net income FY2021 102.26M USD. Net income FY2022 143.16M USD. Net income FY2023 −6.13M USD. Net income FY2024 113.9M USD. Net income FY2025 319.07M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue533.52M USD318.03M USD132.6M USD−2.37M USD66.76M USD
Gross profit533.52M USD318.03M USD132.6M USD−2.37M USD66.76M USD
Selling, general, and administrative—34.59M USD30.73M USD32.35M USD24.09M USD
Operating expenses−204.71M USD−109.53M USD−76.72M USD−189.15M USD−41.18M USD
Interest income533.52M USD319.53M USD207.52M USD86.7M USD60.05M USD
Interest expense419.17M USD313.66M USD215.45M USD43.61M USD5.67M USD
Depreciation and amortization2.1M USD1.87M USD2.32M USD2.35M USD2.31M USD
Operating income738.23M USD427.56M USD209.32M USD186.77M USD107.93M USD
Net income319.07M USD113.9M USD−6.13M USD143.16M USD102.26M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$14.50

11.24% upside
Past 12 months12-month forecastHigh $14.50Average $14.50Low $14.50

Rating distribution

14 ratings
Strong buy00%
Buy643%
Hold750%
Sell17%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.98

2025 complete year+19.3% since 2020

2026 partial: $1.53

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 21, 2026

$0.17

Monthly

Record Aug 21, 2026 · Payment Sep 1, 2026

Dividend

Ex-dividend Jul 23, 2026

$0.17

Monthly

Record Jul 23, 2026 · Payment Aug 3, 2026

Dividend

Ex-dividend Jun 22, 2026

$0.17

Monthly

Record Jun 22, 2026 · Payment Jul 1, 2026

Dividend

Ex-dividend May 21, 2026

$0.17

Monthly

Record May 21, 2026 · Payment Jun 1, 2026

Dividend

Ex-dividend Apr 23, 2026

$0.17

Monthly

Record Apr 23, 2026 · Payment May 1, 2026

Dividend

Ex-dividend Mar 23, 2026

$0.17

Monthly

Record Mar 23, 2026 · Payment Apr 1, 2026

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ETFs holding DX

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
82.38M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$377.03-0.32%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
73.31M
Weight
0.09%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$298.41-0.52%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
31.46M
Weight
0.03%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$243.81-0.70%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
26.97M
Weight
0.18%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.51-0.14%
iShares Mortgage Real Estate ETF logoiShares Mortgage Real Estate ETFREM
Market value
25.92M
Weight
4.77%
AUM
544.56M USD
Expense ratio
0.48%
Price / 1D
$22.085+0.30%
VanEck Mortgage REIT Income ETF logoVanEck Mortgage REIT Income ETFMORT
Market value
19.64M
Weight
5.29%
AUM
370.81M USD
Expense ratio
0.43%
Price / 1D
$9.935+0.35%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
15.67M
Weight
0.09%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$120.65-0.50%
Invesco KBW High Dividend Yield Financial ETF logoInvesco KBW High Dividend Yield Financial ETFKBWD
Market value
15.51M
Weight
3.73%
AUM
417.88M USD
Expense ratio
5.39%
Price / 1D
$12.515-0.67%

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