Dynex Capital Inc
Dynex Capital Inc (DX) is listed on NYSE and classified in REIT - Mortgage, part of the Real Estate sector. It is headquartered in Glen Allen, United States and has 28 employees. The company is worth $2.74B and trades at 39.5x its earnings of the last twelve months; the median for its sector is 22.1x. The share price is 26.0% below its 52-week high of $14.93. It pays a dividend yielding 18.46%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Israel Englander (Millennium Management), at $91.99M. In that quarter, 4 of them opened or added to the position and 1 reduced it. Over the last 30 days, company insiders bought $295.18K of its stock on the open market and sold none.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -34.6% over 5Y.
today you would have $1,198.73▲ +19.9%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $14.01 | $12.65 | $12.52 | $12.72 | $16.71 | $17.80 | $16.94 | $17.16 | $21.03 | $20.46 | $19.05 | $24.75 | $24.00 | $28.32 | $27.39 | $32.76 | $26.19 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 18.5% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 8.1 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 0.0% a year against a 8.8% required return, from the stock’s beta.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| AKRAcadia Realty Trust | $18.78 | 55.2x | 1.1x | 4.26% | 5.71% | $2.74B |
| UEUrban Edge Properties | $19.55 | 36.2x | 1.9x | 4.30% | 5.09% | $2.69B |
| CWKCushman & Wakefield Ltd. | $12.10 | 40.3x | 1.4x | 0.00% | 3.52% | $2.84B |
| DRHDiamondRock Hospitality Co | $13.89 |
| 8.1x |
| 5.7x |
| 8.5x |
| — |
| 4.0x |
| 6.0x |
| 2.6x |
| — |
| — |
| 15.4x |
| 9.9x |
| 45.4x |
| 24.3x |
| 7.3x |
| 7.0x |
| 8.9x |
| 7.7x |
| 8.6x |
| P/B | 0.8x | 1.1x | 1.0x | 0.8x | 0.8x | 0.8x | 0.8x | 0.7x | 0.8x | 0.7x | 0.7x | 0.6x | 0.7x | 0.7x | 0.8x | 1.3x | 1.1x | 0.9x |
| EPS | $2.47 | $1.49 | -$0.25 | $3.17 | $2.78 | $6.93 | -$7.01 | -$0.25 | $1.37 | $2.07 | $0.42 | $1.02 | $3.30 | $4.05 | $3.09 | $4.23 | $3.06 |
| Dividend yield | 12.12% | 14.13% | 11.46% | 12.46% | 12.26% | 9.34% | 9.33% | 11.87% | 12.59% | 10.27% | 12.32% | 15.12% | 12.12% | 14.00% | 12.18% | 11.94% | 8.97% | 10.54% |
| Payout | 93.76% | 80.16% | 97.32% | — | 49.21% | 56.12% | 23.95% | — | — | 157.66% | 121.74% | 685.71% | 294.12% | 101.82% | 85.19% | 105.83% | 69.50% | 90.20% |
| ROE | 10.08% | 12.96% | 9.61% | -0.70% | 15.88% | 13.26% | 28.03% | -26.19% | 1.33% | 6.08% | 9.23% | 3.36% | 4.58% | 11.62% | 12.01% | 10.72% | 10.08% | 10.42% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+21.7% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 19.3x |
| 1.9x |
| 3.17% |
| 9.91% |
| $2.85B |
| IHSIHS Holding Ltd | $8.45 | 5.4x | — | 0.00% | — | $2.86B |
| NMRKNewmark Group Inc | $11.82 | 14.6x | 1.5x | 2.03% | 11.11% | $2.89B |