DX

Based on Dynex Capital, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

What does Dynex Capital do?

Dynex Capital is a mortgage REIT that invests in agency and non-agency mortgage-backed securities, including residential and commercial MBS. It uses leverage to generate returns and distributes most of its taxable income to shareholders as dividends, as required by its REIT structure.

Does DX pay dividends?

Yes, Dynex Capital pays a regular dividend. As a REIT, it is required to distribute at least ninety percent of its taxable income to stockholders. The size and consistency of the dividend can vary with interest rate conditions and portfolio performance. Check the full Pro analysis for yield context.

When does DX report earnings?

Dynex Capital reports on a quarterly cadence, standard for U.S.-listed REITs. Specific dates are not covered by our data source — visit the company's investor relations page for the current earnings calendar.

Is DX a good stock to buy?

UQS Score rates DX as Below Average overall. The Quality and Valuation pillars are relative strengths, but the Weak Moat and Risk ratings reflect meaningful structural challenges common to leveraged mREITs. Whether it fits your portfolio depends on your income needs and risk tolerance.

Is DX overvalued?

The UQS Valuation pillar for DX is rated Attractive, suggesting the stock is not expensive relative to its fundamentals compared to sector peers. However, an attractive valuation alone does not offset the Weak Risk profile — context matters when interpreting valuation signals for leveraged REITs.

How does DX compare to its competitors?

Dynex Capital competes with mREITs like ARMOUR Residential REIT and Ellington Financial, as well as commercial real estate lenders like Apollo Commercial. Each peer takes a different approach to MBS or real estate credit, resulting in distinct risk and income profiles. The full competitor comparison is available to Pro members.

What is DX's market cap bracket?

Dynex Capital is classified as a mid-cap company. Within the mREIT universe, mid-cap players like Dynex occupy a middle ground — larger than micro-cap peers but without the balance sheet scale of the sector's largest operators.

Who founded Dynex Capital?

Dynex Capital was incorporated in 1988. Detailed founding history, including original leadership, is publicly available through the company's official filings and corporate history disclosures.

Is DX a long-term quality investment?

From a long-term quality standpoint, DX's Strong Quality pillar is a positive signal, but the Weak Moat rating suggests limited durable competitive advantages. mREITs are structurally dependent on rate environments, which can make long-term consistency harder to sustain. The full pillar breakdown is available to Pro members.

What is the main competitive advantage of Dynex Capital?

Dynex Capital's UQS Moat pillar is rated Weak, indicating limited durable competitive advantages relative to peers. Its edge lies more in portfolio management discipline and its mix of agency and non-agency MBS exposure than in any structural barrier to competition.

What sector does DX belong to?

Dynex Capital belongs to the Real Estate sector, specifically operating as a mortgage REIT. mREITs are distinct from equity REITs — they invest in mortgage debt instruments rather than owning physical properties, making them more sensitive to interest rates and credit markets.

Is DX a growth stock or value stock?

Based on UQS pillar labels, DX shows Neutral Growth and Attractive Valuation — a profile more consistent with a value or income-oriented stock than a growth name. Investors typically consider mREITs for dividend income rather than capital appreciation.

Dynex Capital, Inc. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.

Dynex Capital, Inc. faces growth headwinds with declining or stagnant revenue trends.

Dynex Capital, Inc. presents elevated risk with concerns around leverage or financial stability.

Dynex Capital, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.

Dynex Capital, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for DX.

The UQS (Unified Quality Score) for Dynex Capital, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Dynex Capital, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Dynex Capital, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.