DX
Dynex Capital
About: Dynex Capital Inc is an internally managed mortgage real estate investment trust, which invests in mortgage-backed securities. The company invests in residential and commercial mortgage-backed securities. Its objective is to provide attractive risk-adjusted returns to shareholders over the long term that are reflective of a leveraged, high quality fixed income portfolio with a focus on capital preservation. Its investments consist principally of Agency mortgage-backed securities including residential MBS and commercial MBS.
Employees: 22
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
580% more call options, than puts
Call options by funds: $5.23M | Put options by funds: $769K
83% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 35
79% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 19
10% more funds holding
Funds holding: 147 [Q2] → 162 (+15) [Q3]
6% more capital invested
Capital invested by funds: $460M [Q2] → $487M (+$27.2M) [Q3]
0.03% more ownership
Funds ownership: 51.6% [Q2] → 51.63% (+0.03%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$13.25
5%
upside
Avg. target
$13.25
5%
upside
High target
$13.25
5%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Jones Trading Jason Weaver 55% 1-year accuracy 21 / 38 met price target | 5%upside $13.25 | Buy Maintained | 21 Oct 2024 |
Financial journalist opinion
Based on 7 articles about DX published over the past 30 days
Positive
24/7 Wall Street
1 day ago
Want Over $1,000 Every Month in Passive Income: Invest $10,000 Into These Dividend Stocks
Passive income is characterized by its ability to generate revenue without requiring the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence.
Neutral
Seeking Alpha
1 week ago
Huge Yields, Brief Notes
Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not liking them) is still small sometimes.
Neutral
Business Wire
1 week ago
Dynex Capital, Inc. Declares Common and Preferred Stock Dividends
GLEN ALLEN, Va.--(BUSINESS WIRE)--Dynex Capital, Inc. announced today that the Company's Board of Directors has declared a cash dividend of $0.15 per share on its Common Stock (NYSE: DX) for December 2024 and the quarterly cash dividend of $0.43125 per share of its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC) for the fourth quarter of 2024. The Common dividend is payable on January 7, 2025, to shareholders of record as of January 2, 2025. The Prefer.
Negative
Seeking Alpha
2 weeks ago
Caveat Emptor: 2 REITs To Avoid
Caveat Emptor series aims to help investors avoid “sucker yields,” “value traps,” and “ugly ducklings” by highlighting risks and conducting due diligence. Dynex Capital is rated a sell due to poor operational performance, negative EPS, and unsustainable dividend payout ratios. Vornado Realty Trust is rated a sell due to declining AFFO, high geographic concentration risks, and a history of value erosion.
Positive
Seeking Alpha
3 weeks ago
24 November Ideal 'Safer' MoPay Dividend Dogs From 87 Equities And 80 Funds
Imagine stocks and funds paying you dividends monthly! Your angst awaiting payout is reduced 300%, or more, compared to quarterly, semi-annual, or (ugh) annual doles! These November U.S. exchanged monthly paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by yield (87); 2. Stock by price upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by yield >10% (80); 4. 'Safer' Ideal-cash-rich (24). Items: 1. Top MoPay stock gains; 2. Overall best MoPay gainers; 3. Funds vs. Equities; 4. Fund risks/rewards. 5. Safer Equity Rankings, all per prices as of 11/22/24.
Positive
Seeking Alpha
3 weeks ago
Select High Yield Preferreds Remain Opportunistically Priced
Recent macroeconomic changes, including the yield curve uninverting and Fed rate cuts, have significantly impacted REIT preferreds, leading to price increases and varied forward return potentials. Despite overall price rises, select REIT preferreds remain deeply discounted, offering high yields and substantial capital appreciation potential. Mispricing due to accrued dividends and variable rate conversions presents lucrative opportunities in preferreds.
Positive
Seeking Alpha
4 weeks ago
Assessing Dynex Capital's Performance For Q3 2024
Dynex Capital's Q3 2024 BV increase was modest and as expected, with minor portfolio adjustments and strategic derivative changes positively impacting core earnings/EAD. The company's hedging strategy shift from U.S. Treasury futures to interest rate payer swaps contributed to a modest core earnings/EAD outperformance. Despite the positive results, I maintain a risk/performance rating of 3.5 for DX, with no immediate upgrade warranted.
Positive
24/7 Wall Street
1 month ago
Want $3,000 per Year in Passive Income Paid Monthly? Invest Just $2,500 in These Dividend Stocks
Key Points Passive income is a steady stream of unearned income that doesn't require active traditional work.
Positive
Seeking Alpha
1 month ago
Dynex Capital: A Tactical Play In Motion
Dynex Capital Inc.'s forward dividend yield and a changing U.S. inflation outlook make a strong case for a tactical opportunity. Shifting to specified pools to secure certainty might de-risk the vehicle. Additionally, a more desirable short-term liquidity market fuels an upbeat argument. Dynex's common stock trades below book value, and its preferred stock doesn't seem overly demanding, reducing the risk of Dynex's common shares being 'toxic waste.'
Positive
24/7 Wall Street
1 month ago
Ultra-High-Yield Wake-Up Call: 4 Monthly Dividend Stocks Yielding as Much as 14.5%
Key Points As expected, the Federal Reserve lowered interest rates by 25 basis points.
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