Headquartered in Glen Allen, VA·Fiscal year ends December·NYSE: DX·dynexcapital.com
About Dynex Capital
Dynex Capital, Inc. (NYSE: DX) is an internally managed real estate investment trust (REIT) that invests primarily in Agency mortgage-backed securities (MBS) backed by U.S. residential and commercial real estate. The company's investment portfolio consists almost entirely (99.99%) of highly liquid Agency securities, with Agency RMBS representing 95% and Agency CMBS representing 5% of its total portfolio. Dynex finances its investments primarily through repurchase agreements and manages interest rate risk using a combination of interest rate swaps, U.S. Treasury futures, and swaptions. The company employs a raise-and-deploy capital strategy, issuing common equity through at-the-market programs and deploying proceeds into Agency MBS. Dynex generates income from the spread between the yield on its mortgage assets and the cost of its borrowings and hedging activities, distributing earnings to shareholders as dividends consistent with its REIT structure. Updated
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Dynex Capital, Inc. (NYSE: DX) is an internally managed real estate investment trust (REIT) that invests primarily in Agency mortgage-backed securities (MBS) backed by U.S. residential and commercial real estate.
What is the DX stock price target?
The Wall Street consensus 12-month price target for DX is $14.75.