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Dynex Capital Inc (DX) stock

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NYSE: DX NYSE Mortgage REITs Next results ~January 25, 2027

Dynex Capital Inc is a US-listed company in the mortgage REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$8.9

Valuation models combined (4)

Base case. Range ~$4.0–$12. Weighted average of 4 models (residual income, justified price-to-book, price-to-book vs peers, dividend discount (growing dividend)), the residual income counting double.

Price vs value

No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Dynex Capital Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders4 buying, 0 selling6 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds199 adding, 85 cuttingOf 40 active managers that changed their stake, 30 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Next results ~January 25, 2027 (estimated)

Current signal Share count rising (dilution): Diluted shares outstanding rose 97.6% year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Dynex Capital Inc's latest figures clears our strength thresholds.

Things to watch

  • Share dilution. Diluted shares rose 97.6% in a year.

Latest results

Earnings per share
$0.38 against an average estimate of $0.37: beat by 2.9%
Share reaction
+0.3% in the first session after the results on October 19, 2026, against +0.8% for the S&P 500
Next report
October 19, 2026; average EPS estimate $0.37

Dynex Capital's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.7%
  • 1 week-2.8%
  • 1 month-2.5%
  • This year-12.8%
  • 1 year-6.5%
  • 5 years+17.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

EPS (TTM, diluted)
$-0.24

Growth

Share count change
+97.6%

Earnings

Last results
October 19, 2026
Next results (est.)
January 25, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Agreement
  4. Agreement
  5. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Dynex Capital Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Dynex Capital Inc as a mortgage reit, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.77 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$9.7 ~$7.3–$13 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$9.2 ~$8.3–$10 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$4.0 ~$3.4–$6.9 Included
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$12 ~$10–$14 Included
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$8.9 ~$4.0–$12 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Dynex Capital Inc with mortgage REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.42 +83% $381m +233%
Next $1.62 +14% $538m +41%

Next year's EPS estimate has moved +3.6% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.9% on 90 days ago. In the last 30 days, 3 analysts raised Dynex Capital Inc's forecast and 1 cut it.

Consensus EPS forecast Dynex Capital Inc, last 90 days
$1.30 $1.40 $1.50 $1.60 $1.70 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.41 Current fiscal year, 60 days ago: $1.41 Current fiscal year, 30 days ago: $1.41 Current fiscal year, 7 days ago: $1.40 Current fiscal year, Now: $1.42 $1.42 Next fiscal year, 90 days ago: $1.57 Next fiscal year, 60 days ago: $1.57 Next fiscal year, 30 days ago: $1.57 Next fiscal year, 7 days ago: $1.54 Next fiscal year, Now: $1.62 $1.62

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.41$1.57
60 days ago $1.41$1.57
30 days ago $1.41$1.57
7 days ago $1.40$1.54
Now $1.42$1.62

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.37 $0.38 +2.9%
Jun 2026 $0.34 $0.36 +4.5%
Mar 2026 $0.28 $0.31 +11.9%
Dec 2025 $0.27 $0.22 −17.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

6 analysts, Oct 2026
Buy467%
Hold233%
Sell00%

Monthly trend

  1. Oct 20261326
  2. Sep 20261326
  3. Aug 20261326

Counts of recommendations published by analysts covering Dynex Capital Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.7%
of tradable shares
Days to cover
2.11
at average volume
Short interest, 1 month
+3%
to October 15, 2026
Held by institutions
46%
of shares
Held by insiders
0.6%
of shares
Employees
28
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
DX+2%−15%+12%+14%+30%−13%
Industry peers (median)+26%−22%+17%+3%+6%−21%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
DX58%50%50%67%58%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
DX−19%−33%−29%−9%−22%−20%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 57% from February 20, 2020 to March 24, 2020. Getting back needed a 131% gain, reached on January 20, 2021, 302 days after the low.

Price behaviour

52-week range
$10.40 – $13.07
From 52-week high
−19.0%
vs 50-day average
−7.6%
vs 200-day average
−12.2%
Volatility (1 year)
19%
Beta vs S&P 500
0.58

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±1.4%
After a week
7 up, 5 down
typical move ±3.2%
After a month
7 up, 4 down
typical move ±4.0%
Results releasedNext dayS&P 500 next day5 days21 days
October 19, 2026 +0.3% +0.8% +1.2% —
July 20, 2026 −2.3% +0.7% −3.9% +0.2%
April 20, 2026 +1.1% −0.9% +2.6% −4.9%
January 26, 2026 +0.8% +0.9% −5.5% −3.4%
October 20, 2025 −0.7% +1.0% +2.8% +2.3%
July 21, 2025 +1.5% +0.2% +2.5% +1.0%
April 21, 2025 +1.2% +0.2% +8.0% +8.7%
January 27, 2025 +2.2% −0.6% +4.6% +11.7%
October 21, 2024 −1.3% −0.2% −0.7% 0.0%
July 22, 2024 +2.0% +0.9% −0.6% +1.1%
April 22, 2024 +2.2% +2.1% +1.9% +8.0%
January 29, 2024 −1.5% +0.7% −4.6% −3.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Dividends, buybacks and capital spending

Dividends (TTM)
$423M
Diluted share count
+97.6%
year over year

Who owns it

Funds buying and selling
Reported value
$1.5B
Institutions reporting
288
Shares held vs prior quarter
▲ 25.8%
Positions opened / closed
54 / 30

Top buyers and sellers, Q2 2026: 199 institutions bought and 85 sold ; the biggest buyer was Marshall Wace, LLP (+6.2M shares) and the biggest seller Qube Research & Technologies Ltd (−1.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $242M 18.4M 16.5% ▲ 14.6%
Vanguard Capital Management LLC $120M 9.1M 8.2% ▲ 7.4%
Millennium Management LLC $92M 7.0M 6.3% ▲ 154.8%
Marshall Wace, LLP $84.1M 6.4M 5.7% ▲ 2918.8%
Geode Capital Management, LLC $73M 5.6M 5.0% ▲ 17.4%
State Street Corp $67.9M 5.1M 4.6% ▲ 12.8%
Ameriprise Financial Inc $43.9M 3.3M 3.0% ▲ 72.1%
Two Sigma Investments, LP $38.9M 3.0M 2.7% ▲ 52.1%
Northern Trust Corp $30.4M 2.3M 2.1% ▲ 30.1%
Wellington Management Group LLP $29.1M 2.2M 2.0% ▲ 142.9%
Royal Bank Of Canada $28.2M 2.2M 1.9% ▲ 40.7%
Mirae Asset Global Etfs Holdings Ltd. $28M 2.1M 1.9% ▲ 3.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Dynex Capital Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $319,560 6 trades by 4 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $319,560 net buying
Insider Date Trade Shares Price Value
Sartori Michael Andrew Chief Financial Officer October 20, 2026 Buy 1,000 $10.70 $10,700
Popenoe Smriti Laxman Co-CEO and President October 20, 2026 Buy 2,000 $25.18 $50,360
Popenoe Smriti Laxman Co-CEO and President October 20, 2026 Buy 10,000 $10.62 $106,200
Boston Byron L Co-CEO & Chairman of the Board October 20, 2026 Buy 9,180 $10.89 $99,970
Connelly Terrence John Jr Chief Investment Officer September 25, 2026 Buy 2,500 $11.18 $27,950
Popenoe Smriti Laxman Co-CEO and President February 27, 2026 Buy 2,000 $12.19 $24,380

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 25, 2027 estimated from the company's past filing pattern, not announced

  • October 19, 2026
  • July 20, 2026
  • April 20, 2026
  • January 26, 2026
  • October 20, 2025
  • July 21, 2025

Recent SEC filings

Data status

When each part of this page on Dynex Capital Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Dynex Capital Inc in brief

What does Dynex Capital Inc do?
Dynex Capital Inc is a US-listed company in the mortgage REITs industry. Its financial year ends in December.
What is Dynex Capital Inc's stock ticker?
Dynex Capital Inc trades under the ticker DX on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are Dynex Capital Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Millennium Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Does Dynex Capital Inc pay a dividend?
Yes: Dynex Capital Inc paid $423M in dividends over the trailing twelve months.
Are insiders buying or selling Dynex Capital Inc stock?
Over the last 12 months, Dynex Capital Inc's directors and officers reported 6 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Dynex Capital Inc's next earnings date?
Around January 25, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Dynex Capital Inc announces its own schedule.