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. Dynex Capital, Inc. was founded in 1987 and is headquartered in Glen Allen, Virginia.
IPO Year:
Exchange: NYSE
Website: dynexcapital.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/6/2024 | $13.50 | Buy | Janney |
| 4/12/2024 | $14.50 | Buy | Compass Point |
| 12/6/2023 | $12.50 | Neutral | UBS |
| 1/9/2023 | $13.50 → $15.50 | Neutral → Outperform | Credit Suisse |
| 6/9/2022 | $17.00 → $18.75 | Mkt Perform → Outperform | Keefe Bruyette |
| 2/7/2022 | $20.50 → $20.00 | Buy | JonesTrading |
Dynex Capital, Inc. ("Dynex" or the "Company") (NYSE:DX) reported its fourth quarter and full year 2024 financial results today. Management will host a call today at 10:00 a.m. Eastern Time to discuss the results and business outlook. Details to access the call can be found below under "Earnings Conference Call." Financial Performance Summary Total economic return of $0.13 per common share, or 1.0% of beginning book value, for the fourth quarter of 2024, and $0.99 per common share, or 7.4% of beginning book value, for the full year 2024 Book value per common share of $12.70 as of December 31, 2024 Comprehensive income of $0.15 per common share and net income of $0.61 per common
Dynex Capital, Inc. (NYSE:DX) announced today that it will release its financial results for the fourth quarter of 2024 before market open and will host a conference call and live audio webcast to discuss its financial results at 10:00 a.m. ET on Monday, January 27, 2025. Webcast Details The live audio webcast will be accessible online at www.dynexcapital.com on the homepage under "Current Events." An archive of the webcast will be available on the Company website approximately two hours after the live call ends. Conference Call Details Those wishing to listen to the live conference call via telephone should dial in at least 10 minutes before the call begins at (888) 330-2022 for No
Dynex Capital, Inc. (NYSE:DX) announced today the Company's Board of Directors declared a cash dividend of $0.15 per common share for January 2025. The dividend is payable on February 3, 2025, to shareholders of record on January 23, 2025. About Dynex Capital Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital; employing comprehensive risk management and disciplined capital allocation to generate dividend income and long-term total returns through the diversified financing of real estate assets in the United States. Dynex operates as a REIT and is internally managed to maximize stakeholder alignment. Additional information about
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 Preferred dividend is payable on January 15, 2025, to shareholders of record as of January 1, 2025. About Dynex Capital Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital; emplo
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 November 2024. The Common dividend is payable on December 2, 2024, to shareholders of record as of November 22, 2024. About Dynex Capital Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital; employing comprehensive risk management and disciplined capital allocation to generate dividend income and long-term total returns through the diversified financing of real estate assets in the United States. Dynex operates as a REIT and is internally managed to maximize stakeholder alignmen
Dynex Capital, Inc. ("Dynex" or the "Company") (NYSE:DX) reported its third quarter 2024 financial results today. Management will host a call today at 10:00 a.m. Eastern Time to discuss the results and business outlook. Details to access the call can be found below under "Earnings Conference Call." Financial Performance Summary Total economic return of $0.89 per common share, or 7.1% of beginning book value Book value per common share of $13.00 as of September 30, 2024 Comprehensive income of $0.93 per common share and net income of $0.38 per common share Dividends declared of $0.39 per common share for the third quarter Purchased $1.1 billion of Agency RMBS Liquidity of $708.7
Dynex Capital, Inc. announced today that the Company's Board of Directors has declared a cash dividend of $0.13 per share on its Common Stock (NYSE:DX) for October 2024. The Common dividend is payable on November 1, 2024, to shareholders of record as of October 25, 2024. About Dynex Capital Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital; employing comprehensive risk management and disciplined capital allocation to generate dividend income and long-term total returns through the diversified financing of real estate assets in the United States. Dynex operates as a REIT and is internally managed to maximize stakeholder alignment.
Dynex Capital, Inc. (NYSE:DX) announced today that it will release its financial results for the third quarter 2024 before market open and will host a conference call and live audio webcast to discuss its financial results at 10:00 a.m. ET on Monday, October 21, 2024. Webcast Details The live audio webcast will be accessible online at www.dynexcapital.com on the homepage under "Current Events." An archive of the webcast will be available on the Company website approximately two hours after the live call ends. Conference Call Details Those wishing to listen to the live conference call via telephone should dial in at least 10 minutes before the call begins at (888) 330-2022 for North A
Dynex Capital, Inc. announced today that the Company's Board of Directors has declared a cash dividend of $0.13 per share on its Common Stock (NYSE:DX) for September 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 third quarter of 2024. The Common dividend is payable on October 1, 2024, to shareholders of record as of September 23, 2024. The Preferred dividend is payable on October 15, 2024, to shareholders of record as of October 1, 2024. About Dynex Capital Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital; emplo
Dynex Capital, Inc. (NYSE:DX) announced today the Company's Board of Directors declared a cash dividend of $0.13 per common share for August 2024. The dividend is payable on September 3, 2024, to shareholders of record on August 23, 2024. About Dynex Capital Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital; employing comprehensive risk management and disciplined capital allocation to generate dividend income and long-term total returns through the diversified financing of real estate assets in the United States. Dynex operates as a REIT and is internally managed to maximize stakeholder alignment. Additional information about D
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Dynex Capital, Inc. ("Dynex" or the "Company") (NYSE:DX) reported its fourth quarter and full year 2024 financial results today. Management will host a call today at 10:00 a.m. Eastern Time to discuss the results and business outlook. Details to access the call can be found below under "Earnings Conference Call." Financial Performance Summary Total economic return of $0.13 per common share, or 1.0% of beginning book value, for the fourth quarter of 2024, and $0.99 per common share, or 7.4% of beginning book value, for the full year 2024 Book value per common share of $12.70 as of December 31, 2024 Comprehensive income of $0.15 per common share and net income of $0.61 per common
Dynex Capital, Inc. (NYSE:DX) announced today that it will release its financial results for the fourth quarter of 2024 before market open and will host a conference call and live audio webcast to discuss its financial results at 10:00 a.m. ET on Monday, January 27, 2025. Webcast Details The live audio webcast will be accessible online at www.dynexcapital.com on the homepage under "Current Events." An archive of the webcast will be available on the Company website approximately two hours after the live call ends. Conference Call Details Those wishing to listen to the live conference call via telephone should dial in at least 10 minutes before the call begins at (888) 330-2022 for No
Dynex Capital, Inc. (NYSE:DX) announced today the Company's Board of Directors declared a cash dividend of $0.15 per common share for January 2025. The dividend is payable on February 3, 2025, to shareholders of record on January 23, 2025. About Dynex Capital Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital; employing comprehensive risk management and disciplined capital allocation to generate dividend income and long-term total returns through the diversified financing of real estate assets in the United States. Dynex operates as a REIT and is internally managed to maximize stakeholder alignment. Additional information about
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 Preferred dividend is payable on January 15, 2025, to shareholders of record as of January 1, 2025. About Dynex Capital Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital; emplo
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 November 2024. The Common dividend is payable on December 2, 2024, to shareholders of record as of November 22, 2024. About Dynex Capital Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital; employing comprehensive risk management and disciplined capital allocation to generate dividend income and long-term total returns through the diversified financing of real estate assets in the United States. Dynex operates as a REIT and is internally managed to maximize stakeholder alignmen
Dynex Capital, Inc. ("Dynex" or the "Company") (NYSE:DX) reported its third quarter 2024 financial results today. Management will host a call today at 10:00 a.m. Eastern Time to discuss the results and business outlook. Details to access the call can be found below under "Earnings Conference Call." Financial Performance Summary Total economic return of $0.89 per common share, or 7.1% of beginning book value Book value per common share of $13.00 as of September 30, 2024 Comprehensive income of $0.93 per common share and net income of $0.38 per common share Dividends declared of $0.39 per common share for the third quarter Purchased $1.1 billion of Agency RMBS Liquidity of $708.7
Dynex Capital, Inc. announced today that the Company's Board of Directors has declared a cash dividend of $0.13 per share on its Common Stock (NYSE:DX) for October 2024. The Common dividend is payable on November 1, 2024, to shareholders of record as of October 25, 2024. About Dynex Capital Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital; employing comprehensive risk management and disciplined capital allocation to generate dividend income and long-term total returns through the diversified financing of real estate assets in the United States. Dynex operates as a REIT and is internally managed to maximize stakeholder alignment.
Dynex Capital, Inc. (NYSE:DX) announced today that it will release its financial results for the third quarter 2024 before market open and will host a conference call and live audio webcast to discuss its financial results at 10:00 a.m. ET on Monday, October 21, 2024. Webcast Details The live audio webcast will be accessible online at www.dynexcapital.com on the homepage under "Current Events." An archive of the webcast will be available on the Company website approximately two hours after the live call ends. Conference Call Details Those wishing to listen to the live conference call via telephone should dial in at least 10 minutes before the call begins at (888) 330-2022 for North A
Dynex Capital, Inc. announced today that the Company's Board of Directors has declared a cash dividend of $0.13 per share on its Common Stock (NYSE:DX) for September 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 third quarter of 2024. The Common dividend is payable on October 1, 2024, to shareholders of record as of September 23, 2024. The Preferred dividend is payable on October 15, 2024, to shareholders of record as of October 1, 2024. About Dynex Capital Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital; emplo
Dynex Capital, Inc. (NYSE:DX) announced today the Company's Board of Directors declared a cash dividend of $0.13 per common share for August 2024. The dividend is payable on September 3, 2024, to shareholders of record on August 23, 2024. About Dynex Capital Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital; employing comprehensive risk management and disciplined capital allocation to generate dividend income and long-term total returns through the diversified financing of real estate assets in the United States. Dynex operates as a REIT and is internally managed to maximize stakeholder alignment. Additional information about D
Janney initiated coverage of Dynex Capital with a rating of Buy and set a new price target of $13.50
Compass Point initiated coverage of Dynex Capital with a rating of Buy and set a new price target of $14.50
UBS initiated coverage of Dynex Capital with a rating of Neutral and set a new price target of $12.50
Credit Suisse upgraded Dynex Capital from Neutral to Outperform and set a new price target of $15.50 from $13.50 previously
Keefe Bruyette upgraded Dynex Capital from Mkt Perform to Outperform and set a new price target of $18.75 from $17.00 previously
JonesTrading reiterated coverage of Dynex Cap with a rating of Buy and set a new price target of $20.00 from $20.50 previously
JonesTrading reiterated coverage of Dynex Cap with a rating of Buy and set a new price target of $19.00 from $18.50 previously
Experienced independent director brings extensive asset management experience Joins recent Board appointees Andrew Gray and Alexander Crawford Dynex Capital, Inc. (NYSE:DX) (the "Company") and its Board of Directors ("the Board") today announced the appointment of Marie Chandoha as an independent director, effective June 1, 2024. Ms. Chandoha has been appointed to the Audit Committee and Nominating & Corporate Governance Committee. Ms. Chandoha has close to 40 years of experience in the asset management industry, including having spent nearly 10 years as CEO of Charles Schwab Investment Management. She also brings invaluable public board experience from her current roles with State St
Dynex Capital, Inc. (NYSE:DX) (the "Company") announced today that its Board of Directors (the "Board") has appointed Andrew Gray and Alexander Crawford as independent directors, effective March 6, 2024. Mr. Gray has been appointed to the Audit Committee, Compensation Committee, and Investment Committee, and Mr. Crawford has been appointed to the Audit Committee, Compensation Committee, Strategy Committee, and Investment Committee. Today's announcement reflects the Company's continued commitment to ongoing director refreshment. The Board also announced the resignation of Board members Michael Hughes, who served on the Board since 2010, and Robert Salcetti, who served on the Board since 20
Dynex Capital, Inc. (NYSE:DX) (the "Company") today announced that its Board of Directors has appointed Chief Executive Officer Byron L. Boston as Chairman of the Board and current Board member Dr. Julia L. Coronado as Lead Independent Director, effective immediately. In line with Dynex's succession plan, Mr. Boston succeeds Michael R. Hughes, who has served on the Board of Directors since November 2010 and as Chairman since March 2017. President and Chief Investment Officer Smriti L. Popenoe and Chief Financial Officer Robert S. Colligan will continue to work closely with Mr. Boston and Dr. Coronado in their new roles on the Board. This press release features multimedia. View the full rel
Dynex Capital, Inc. (NYSE:DX) (the "Company") announced today the appointment of Ms. Smriti Laxman Popenoe to the Company's Board of Directors (the "Board"). With the addition of Ms. Popenoe, the Board will have seven members, five of whom are independent. "We are delighted to welcome Smriti to our board of directors. Her wealth of experience and unique perspective will undoubtedly enhance our board's capabilities and strengthens our ability to navigate the complexities of the global business landscape," stated Mr. Michael R. Hughes, Chairman of the Board. Mr. Byron Boston, Chief Executive Officer and Co-Chief Investment Officer added, "Smriti brings an extensive background in asset man
Stephen J. Benedetti to step down after 28 years of service and Robert S. Colligan appointed CFO Dynex Capital, Inc. (NYSE:DX) (the "Company") announced today that Stephen J. Benedetti, Executive Vice President, Chief Financial Officer, Chief Operating Officer, and Secretary will step down from his positions with the Company, effective as of the close of business on August 5, 2022. Robert S. Colligan will succeed Mr. Benedetti, and become the Company's Executive Vice President, Chief Financial Officer and Secretary, effective as of the close of business on August 5, 2022. Mr. Benedetti will continue his employment with the Company through August 31, 2022, to transition his duties and respo
GLEN ALLEN, Va.--(BUSINESS WIRE)--Dynex Capital, Inc. (NYSE: DX) announced today the Company’s Board of Directors declared a cash dividend of $0.13 per common share for January 2021. The dividend is payable on February 1, 2021 to shareholders of record on January 25, 2021. Dynex Capital, Inc. is an internally managed real estate investment trust, or REIT, which invests in mortgage assets on a leveraged basis. The Company invests in Agency and non-Agency RMBS, CMBS, and CMBS IO. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com. “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release re