DYNEX CAPITAL REIT INC (DX)
Financials · Mortgage REIT / Agency MBS investment · NYSE
A REIT that generates shareholder dividends by investing in Agency mortgage-backed securities backed by U.S. residential and commercial real estate, with active management of interest rate and prepayment risks.
What DYNEX CAPITAL REIT INC does
Dynex Capital is an internally managed REIT that invests primarily in residential and commercial mortgage-backed securities (RMBS and CMBS) backed by U.S. housing and commercial real estate, with a focus on Agency securities guaranteed by U.S. government-sponsored enterprises. The firm actively manages interest rate, prepayment, spread, liquidity, and counterparty risks, and distributes at least 90% of taxable income to shareholders. Its portfolio includes fixed-rate Agency RMBS, adjustable-rate Agency RMBS, Agency CMBS, non-Agency MBS, and other mortgage-related assets.
Themes: ["mortgage-backed securities","REIT / dividend income","interest rate management","GSE-backed securities","residential mortgage assets","commercial mortgage assets"]
Fundamentals
- Price$13.15 as of 2026-07-09 close
- Market cap$2.8B as of 2026-07-10
- 1-year return+2.3% as of 2026-07-09 close
- P/E11.73 as of 2026-07-10
- Net margin+34.3% as of 2026-07-10
- Gross margin+26.3% as of 2026-07-10
- ROE+11.1% as of 2026-07-10
- Debt / equity7.73 as of 2026-07-10
- Revenue growth (YoY)+106.3% as of 2026-07-10
- Beta0.94 as of 2026-07-10
Dividend: yield +15.5%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Interest rate and yield curve volatility directly impact the valuation and cash flows of mortgage-backed securities holdings","Mortgage prepayment risk can reduce expected returns if borrowers refinance ahead of schedule during declining rate environments","Market liquidity and spread movements may constrain the ability to realize fair values on positions or finance portfolios at favorable terms"]
Competitors & peers
- Invesco Mortgage Capital (IVR)
- New York Mortgage Trust (NYMT)
- ARMOUR Residential REIT (ARR)
- Two Harbors Investment Corp (TWO)
- Chimera Investment Corporation (CIM)
- Apollo Commercial Real Estate Finance (ARC)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.