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Dynex Capital Inc (DX)
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Upturn Advisory Summary
02/23/2026: DX (3-star) is a REGULAR-BUY. BUY since 94 days. Simulated Profits (13.67%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
7 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $15.1
1 Year Target Price $15.1
| 4 | Strong Buy |
| 1 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.82B USD | Price to earnings Ratio 5.72 | 1Y Target Price 15.1 |
Price to earnings Ratio 5.72 | 1Y Target Price 15.1 | ||
Volume (30-day avg) 7 | Beta 0.96 | 52 Weeks Range 9.33 - 14.75 | Updated Date 02/22/2026 |
52 Weeks Range 9.33 - 14.75 | Updated Date 02/22/2026 | ||
Dividends yield (FY) 14.28% | Basic EPS (TTM) 2.47 |
Earnings Date
Report Date 2026-01-26 | When - | Estimate 0.38 | Actual 1.16 |
Profitability
Profit Margin 85.74% | Operating Margin (TTM) 91.76% |
Management Effectiveness
Return on Assets (TTM) 2.5% | Return on Equity (TTM) 17.5% |
Valuation
Trailing PE 5.72 | Forward PE 9.97 | Enterprise Value 16295505920 | Price to Sales(TTM) 7.58 |
Enterprise Value 16295505920 | Price to Sales(TTM) 7.58 | ||
Enterprise Value to Revenue 7.87 | Enterprise Value to EBITDA - | Shares Outstanding 199585507 | Shares Floating 198902925 |
Shares Outstanding 199585507 | Shares Floating 198902925 | ||
Percent Insiders 0.61 | Percent Institutions 38.07 |
Upturn AI SWOT
Dynex Capital Inc
Company Overview
History and Background
Dynex Capital Inc. was founded in 1987. It operates as a diversified real estate investment trust (REIT) with a focus on mortgage-related assets. Key milestones include its initial public offering (IPO) and subsequent expansions into different asset classes within the real estate finance sector.
Core Business Areas
- Agency Mortgage-Backed Securities (MBS): Investing in and managing a portfolio of agency MBS, which are securities issued or guaranteed by government-sponsored enterprises like Fannie Mae and Freddie Mac. This segment aims to generate income from interest payments and capital appreciation.
- Credit Investments: Investing in various credit-related assets, including commercial and residential mortgage loans, and other real estate-related debt instruments. This segment seeks to generate higher yields through a more diversified risk profile.
- Real Estate Investments: Directly owning and operating income-producing real estate properties, typically focusing on commercial properties like office buildings and industrial facilities. This segment provides diversification and potential for rental income and property appreciation.
Leadership and Structure
Dynex Capital Inc. is led by a management team with extensive experience in real estate finance. The company is structured to manage its diversified portfolio of investments across its core business areas, with dedicated teams for portfolio management, risk management, and operations.
Top Products and Market Share
Key Offerings
- Agency MBS Portfolio: Dynex Capital's primary offering involves its portfolio of Agency Mortgage-Backed Securities. These are a significant component of its investment strategy, providing a stable income stream. Competitors in this space include other REITs and financial institutions with large MBS holdings. Specific market share data for this single product line is not readily available as it's part of a broader investment strategy.
- Credit Investment Portfolio: This segment includes a variety of mortgage loans and real estate debt. Dynex Capital aims to capitalize on opportunities in the credit markets. Competitors include private credit funds and other diversified REITs with credit investment arms. Market share is not typically reported for such a diverse and privately held segment.
- Direct Real Estate Holdings: The company's direct real estate investments offer stable rental income. Competitors include other REITs focused on specific property types and private real estate investment firms. Market share is difficult to quantify due to the varied nature of individual property investments.
Market Dynamics
Industry Overview
Dynex Capital operates within the real estate investment trust (REIT) sector, specifically focusing on mortgage REITs and diversified REITs. This industry is influenced by interest rate environments, housing market trends, regulatory changes, and economic growth. The agency MBS market is substantial and influenced by government policy, while the credit and direct real estate segments are subject to broader economic and real estate market conditions.
Positioning
Dynex Capital positions itself as a diversified REIT with expertise in both agency MBS and credit investments, alongside direct real estate holdings. Its competitive advantages lie in its experienced management team, disciplined investment approach, and ability to adapt to changing market conditions. The diversification strategy aims to provide stability and multiple avenues for returns.
Total Addressable Market (TAM)
The TAM for real estate investment is vast, encompassing trillions of dollars in mortgage debt, MBS, and physical real estate assets globally. Dynex Capital's positioning within this TAM is as a specialized investor focusing on specific segments of the market. While it does not aim to capture the entire market, its strategy targets profitable niches within the mortgage and real estate finance sectors.
Upturn SWOT Analysis
Strengths
- Experienced management team with deep industry knowledge.
- Diversified investment strategy across MBS, credit, and direct real estate.
- Ability to adapt to changing interest rate environments.
- Strong risk management framework.
Weaknesses
- Sensitivity to interest rate fluctuations, particularly in the MBS portfolio.
- Dependence on broader economic conditions for credit and real estate segments.
- Potential for higher leverage impacting financial stability during downturns.
Opportunities
- Potential for yield enhancement through strategic credit investments.
- Growth in the overall real estate market.
- Favorable interest rate environments for mortgage originations and MBS.
- Acquisitions of distressed real estate assets or portfolios.
Threats
- Rising interest rates can decrease the value of existing MBS holdings.
- Economic recession impacting property values and loan performance.
- Increased competition in the MBS and credit markets.
- Regulatory changes affecting the REIT industry or mortgage market.
Competitors and Market Share
Key Competitors
- Starwood Property Trust, Inc. (STWD)
- Annaly Capital Management, Inc. (NLY)
- Chimera Investment Corporation (CIM)
Competitive Landscape
Dynex Capital competes in a dynamic and capital-intensive market. Its advantages include its diversified approach, which can mitigate risks associated with focusing on a single asset class. However, it faces intense competition from larger, more established mortgage REITs and diversified real estate investment firms. Its ability to source attractive deals and manage risk effectively are crucial differentiators.
Growth Trajectory and Initiatives
Historical Growth: Dynex Capital's historical growth has been driven by its strategic deployment of capital into its diversified asset classes. This includes expanding its MBS portfolio, originating or acquiring new credit investments, and growing its direct real estate holdings. Growth is often cyclical, influenced by market conditions and the company's ability to access capital.
Future Projections: Future projections for Dynex Capital would depend on analyst expectations regarding interest rate movements, the health of the real estate market, and the company's strategic initiatives. Expected growth in book value per share and dividend capacity are key components of these projections. The company's ability to navigate volatile markets will be critical.
Recent Initiatives: Recent initiatives may include strategic acquisitions, portfolio rebalancing to optimize yield and risk, or entering new real estate finance segments. The company often announces strategic shifts or new investment strategies through its investor relations communications and SEC filings.
Summary
Dynex Capital Inc. is a diversified REIT with a balanced strategy in agency MBS, credit, and direct real estate. Its experienced management and risk mitigation are strengths, but it's susceptible to interest rate hikes and economic downturns. Opportunities lie in credit markets and real estate growth, while threats include competition and market volatility. Continued focus on disciplined investment and adapting to market shifts will be key to its success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations Website
- SEC Filings (10-K, 10-Q)
- Financial News and Analysis Platforms
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute investment advice. Financial data and market share figures are estimates and may vary. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Dynex Capital Inc
Exchange NYSE | Headquaters Glen Allen, VA, United States | ||
IPO Launch date 1989-06-30 | Co-CEO & Chairman of the Board Mr. Byron L. Boston | ||
Sector Real Estate | Industry REIT - Mortgage | Full time employees 22 | Website https://www.dynexcapital.com |
Full time employees 22 | Website https://www.dynexcapital.com | ||
Dynex Capital, Inc., a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) in the United States. It invests in agency MBS consisting of residential MBS and commercial MBS (CMBS); and agency and non-agency 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 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. Dynex Capital, Inc. was incorporated in 1987 and is headquartered in Glen Allen, Virginia.
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