Dynex Capital, Inc., a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Non-Agency MBS have no such guaranty of payment. The company has qualified as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders as dividends. Dynex Capital, Inc. was incorporated in 1987 and is headquartered in Glen Allen, Virginia.
Market Dynamics | Explore Dynex Capital's navigation of interest rate fluctuations and market uncertainties in the Agency mortgage REIT sector, impacting its financial performance. |
Financial Resilience | Delve into Dynex's Q3 2024 performance, showcasing a 0.9% book value gain amidst challenging market conditions, reflecting portfolio stability. |
Strategic Positioning | Uncover Dynex's competitive stance with a 0.93x book value ratio and 13.2% dividend yield, aligning with sector medians and recent strategic moves. |
Future Projections | Analyze Dynex's outlook amid potential Fed rate cuts, with revised EAD estimates ranging from ($1.05) in 2024 to $0.08 in 2025, and an average price target of $12.62. |
Metrics to compare | DX | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipDXPeersSector | |
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P/E Ratio | 10.9x | 14.0x | 9.0x | |
PEG Ratio | 0.02 | 0.06 | 0.03 | |
Price/Book | 1.1x | 0.8x | 1.0x | |
Price / LTM Sales | 7.7x | 5.6x | 2.8x | |
Upside (Analyst Target) | −3.0% | 14.8% | 12.2% | |
Fair Value Upside | Unlock | 22.8% | 3.4% | Unlock |