Dynex Capital, Inc. (DX)
Real Estate · NYQ
Price as at 1 Oct 2026, 01:06 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Dynex Capital, Inc. trades at $11.14, which is 139% below the $26.61 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 63 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 4.1 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
DX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.170 | 1 |
| 2021 | $0.910 | 7 |
| 2020 | $1.66 | 12 |
| 2019 | $2.01 | 12 |
| 2018 | $2.16 | 4 |
| 2017 | $2.16 | 4 |
| 2016 | $2.52 | 4 |
| 2015 | $2.88 | 4 |
| 2014 | $3.00 | 4 |
| 2013 | $3.36 | 4 |
| 2012 | $3.45 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
DX earnings and analyst estimates
Recommendation mix, 6 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Dynex Capital, Inc.
Dynex Capital, Inc., a mortgage real estate investment trust, invests in residential and commercial mortgage-backed securities (MBS) in the United States. 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. The company was incorporated in 1987 and is headquartered in Glen Allen, Virginia.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
DX passes 5 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
9 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Israel Englander, MILLENNIUM MANAGEMENT LLC$91.99M · 0.0% of book
- Marshall Wace, MARSHALL WACE, LLP$84.09M · 0.1% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$38.87M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$12.22M · 0.0% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$11.05M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
DX peers
The largest companies in the same industry (REIT - Mortgage), then in the same sector.
- RITM Rithm Capital Corp.
- ORC Orchid Island Capital, Inc.
- PMT-PB PennyMac Mortgage Investment Trust
- LADR Ladder Capital Corp
- TWO Two Harbors Investment Corp.
- ABR Arbor Realty Trust, Inc.
- CIM Chimera Investment Corporation
- ARI Apollo Commercial Real Estate Finance, Inc.
Every real estate company we cover is on the Real Estate hub.
Common questions
Is Dynex Capital, Inc. (DX) undervalued?
Against our fair value estimate of $26.61, DX at $11.14 is 139% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own DX?
9 of the institutions we track reported a position in DX in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is DX's P/E ratio?
DX trades at 4.1 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Dynex Capital, Inc. (DX) pay a dividend?
Yes. Dynex Capital, Inc. yields 15.90% at the current share price. It has paid $0.170 per share over the trailing twelve months. It has paid a dividend in each of the last 14 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does DX report earnings next?
Dynex Capital, Inc. is scheduled to report on 19 Oct 2026. Companies move earnings dates, so read it as scheduled rather than certain.
Where does SteadyShares get its DX data?
Fundamentals for DX come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 01:06 UTC and is delayed. Our data quality score for this company is 88/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for DX, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.