Dynex Capital has a strong presence in the global fixed income market, with a focus on mortgage-backed securities.
The company's stock has historically been a stable investment option, with a relatively low volatility compared to other stocks in the market.
Dynex Capital operates in a competitive industry, with several other companies vying for market share.
Some of Dynex Capital's main competitors include Invesco Ltd. and BlackRock Inc.
Financial Performance
Dynex Capital reported a 15.2% total economic return and a 17.0% total shareholder return in 2020.
The company's book value per common share increased to $19.08, up from $18.01 in 2019.
Dynex Capital's net interest spread rose to 1.77% for 2020, reflecting solid income growth.
However, the company also faced challenges, including a $172.3 million net loss on derivatives, affecting overall performance.
In the third quarter of 2020, Dynex Capital reported a total economic return of 11.7%.
The book value per common share rose to $18.25, up from $16.69 in Q2 2020.
A comprehensive income of $1.92 per common share was achieved, driven by favorable asset valuations and low funding rates.
Dynex Capital's management remains positive about the outlook, citing central bank support despite fiscal policy uncertainties.
The company sold $382.3 million in Agency CMBS with gains of $20.8 million in the third quarter of 2020.
Dividend Information
Dynex Capital, Inc. is a real estate investment trust that invests in mortgage assets, including Agency and non-Agency RMBS, CMBS, and CMBS IO.
The company has a history of declaring monthly common stock dividends, with the most recent dividend being $0.13 per common share for August 2024.
Dynex Capital, Inc. has declared a cash dividend of $0.15 per common share for January 2025, to be paid on a future date.
The company's Board of Directors has declared a cash dividend of $0.15 per share on its Common Stock (NYSE: DX) for December, November, and other months in the past.
Dynex Capital, Inc. operates as an internally managed REIT, with a focus on investing in mortgage assets.
Investors can find further details on Dynex Capital's operations and financials on their official website, www.dynexcapital.com.
Dynex Capital, Inc. has declared a cash dividend of $0.13 per common share for December 2020, payable on January 4, 2021, to shareholders recorded on December 21, 2020.
The dividend is payable on a specific date and is dependent on the shareholder's record date.
Investment Analysis
Dynex Capital's preferred shares, specifically the 6.89% Preferred Share, stand out as a top pick among mortgage REIT preferred shares. This is due to the company's strong management and high common equity to preferred liquidation ratio.
Analysts are bullish on Dynex Capital stock, with an average rating of "Strong Buy" from 5 analysts. This suggests a high level of confidence in the company's future performance.
The 12-month stock price forecast is $13.33, representing a 9.44% increase from the latest price.
Risk/Reward
Dynex Capital's preferred shares offer a strong risk/reward profile, thanks to its low risk due to the company's strong management and high common equity to preferred liquidation ratio.
The 6.89% stripped yield of Dynex Capital's preferred shares is a compelling income opportunity, especially considering the nearly 100% Agency backing of the stock.
Dynex Capital Series C preferred stock offers a stepping up feature, where the yield increases to 9.7% if not redeemed by Apr-2025, providing an added layer of protection for investors.
The low risk associated with Dynex Capital's preferred shares makes it a top pick among mortgage REIT preferred shares, providing a safe haven for investors looking for stable returns.
Analyst Forecast
A "Strong Buy" rating from multiple analysts suggests a high level of confidence in the stock's potential. The 12-month stock price forecast is $13.33, which is an increase of 9.44% from the latest price.
Stock Performance
Dynex Capital stock has shown a steady performance over the past year, with a 1 Year Change of 9.08%. This indicates a relatively stable stock price.
The current share price is $13.21, which is close to the 52 Week High of $13.43. On the other hand, the 52 Week Low is $11.36.
Dynex Capital's stock price has experienced a 4.26% increase in the last month and a 7.31% increase in the last three months. This is a positive trend for investors.
Here's a summary of the stock's price performance over the past year:
The stock's beta is 1.3, indicating a moderate level of risk. This is lower than the market average, which suggests that Dynex Capital's stock price may be less volatile compared to the overall market.
Shareholder Information
Dynex Capital stock is a great investment option for those looking to diversify their portfolio.
Dynex Capital, Inc. is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol DX.
The company's shares are available for trading on various online brokerage platforms.
Dynex Capital has a market capitalization of around $1.3 billion.
The company's stock price has fluctuated over the years, but it has generally trended upward since its IPO in 1996.
Dynex Capital pays a quarterly dividend to its shareholders, which has been consistently increasing over the years.
The dividend yield for Dynex Capital stock is around 9.5%.
Dynex Capital has a strong track record of generating returns for its shareholders.
Frequently Asked Questions
Is Dynex Capital a good stock to buy?
Dynex Capital has a Moderate Buy rating with 2 buy and 1 hold ratings from analysts, indicating potential upside. However, it's essential to do further research before making an investment decision.
Is DX a strong buy?
Dynex Capital, Inc. (DX) has a strong buy rating with an average brokerage recommendation of 1.71, indicating a high level of confidence among analysts. However, it's essential to do your own research and consider multiple factors before making an investment decision.
Is DX a good dividend stock?
Dynex Capital's dividend yield of 11.54% is higher than the US industry and market averages, making it a potentially attractive option for income investors. However, further research is recommended to determine if DX is a good fit for your individual investment goals and risk tolerance.
Is Dynex Capital a REIT?
Dynex Capital is a real estate investment trust (REIT). As a REIT, we are required to distribute a significant portion of our income to shareholders in the form of regular quarterly dividends.
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