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 |
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Jones Trading analyst Jason Weaver maintains Dynex Cap (NYSE:DX) with a Buy and lowers the price target from $14 to $13.25.
Dynex Capital, Inc. (NYSE:DX) ("Dynex" or the "Company") today announced the promotion of Smriti Laxman Popenoe and several other executive promotions. The changes reflect the Company's commitment to a human capital management strategy that is appropriate for the current global environment. Smriti Laxman Popenoe Promoted to Co-CEO Ms. Popenoe, who has served as the Company's President and Chief Investment Officer, has been promoted to Co-Chief Executive Officer, effective immediately. She will lead Dynex together with Byron Boston, who remains Chairman and Co-CEO, to continue building on the Company's proven strategy, operations, and culture. Ms. Popenoe will retain her role as President a
Dynex Capital Inc (NYSE:DX) shares are trading lower by 4.1% to $11.95 during Thursday’s session after the company announced it has priced an underwritten public offering of 10.5 million shares of common stock, aiming to raise approximately $126 million before deductions for underwriting discounts, commissions and expenses. Additionally, the company has given underwriters a 30-day option to purchase up to an extra 1.575 million shares. The offering, pending customary closing conditions, is expected to close on June 7. BTIG is serving as the sole book-running manager for the offering. See Also: Bitcoin Spot ETFs Record 17 Straight Inflow Days, Reaching $15.3B Year-To-Date Will DX St
Janney Montgomery Scott analyst Jason Stewart initiates coverage on Dynex Cap (NYSE:DX) with a Buy rating.
The Company granted the underwriters in the offering a 30-day option to purchase up to an additional 1,575,000 shares of its common stock. The offering is subject to customary closing conditions and is expected to close on June 7, 2024.
n connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 1.575 million shares of its common stock. The Company plans to use the net proceeds it receives from the offering to acquire additional investments, consistent with its investment policy, and for general corporate purposes.
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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
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
Dynex Capital, Inc. ("Dynex" or the "Company") (NYSE:DX) reported its second 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 loss of $(0.31) per common share, or (2.4)% of beginning book value Book value per common share of $12.50 as of June 30, 2024 Comprehensive loss of $(0.18) per common share and net loss of $(0.15) per common share Dividends declared of $0.39 per common share for the second quarter Raised equity capital of $124.7 million during the sec
Smriti Laxman Popenoe promoted to Co-CEO, remains President and Chief Investment Officer Rob Colligan promoted to Chief Operating Officer, remains Chief Financial Officer Industry veteran Harman Sahni joins Dynex as Chief Technology Officer Dynex well-positioned for continued success Dynex Capital, Inc. (NYSE:DX) ("Dynex" or the "Company") today announced the promotion of Smriti Laxman Popenoe and several other executive promotions. The changes reflect the Company's commitment to a human capital management strategy that is appropriate for the current global environment. Smriti Laxman Popenoe Promoted to Co-CEO Ms. Popenoe, who has served as the Company's President and Chief
Dynex Capital, Inc. (NYSE:DX) announced today the Company's Board of Directors declared a cash dividend of $0.13 per common share for July 2024. The dividend is payable on August 1, 2024, to shareholders of record on July 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 Dynex Ca
Dynex Capital, Inc. (NYSE:DX) announced today that it will release its financial results for the second 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, July 22, 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 Am
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
Smriti Laxman Popenoe promoted to Co-CEO, remains President and Chief Investment Officer Rob Colligan promoted to Chief Operating Officer, remains Chief Financial Officer Industry veteran Harman Sahni joins Dynex as Chief Technology Officer Dynex well-positioned for continued success Dynex Capital, Inc. (NYSE:DX) ("Dynex" or the "Company") today announced the promotion of Smriti Laxman Popenoe and several other executive promotions. The changes reflect the Company's commitment to a human capital management strategy that is appropriate for the current global environment. Smriti Laxman Popenoe Promoted to Co-CEO Ms. Popenoe, who has served as the Company's President and Chief
Dynex Capital, Inc. (NYSE:DX) announced today the Company's Board of Directors declared a cash dividend of $0.13 per common share for July 2024. The dividend is payable on August 1, 2024, to shareholders of record on July 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 Dynex Ca
Dynex Capital, Inc. (NYSE:DX) announced today that it will release its financial results for the second 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, July 22, 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 Am
Dynex Capital, Inc. (NYSE:DX) announced today that the Company's Board of Directors has declared the dividend on shares of its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:DXPRC) for the second quarter of 2024. The Company will pay the regular quarterly dividend of $0.43125 per share on July 15, 2024, to shareholders of record of the Series C Preferred Stock as of July 1, 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 di
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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