Dynex Capital (NYSE:DX) Sets New 52-Week Low on Disappointing Earnings

Posted by Brian Himes on Oct 22nd, 2026

Shares of Dynex Capital, Inc. (NYSE:DX – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday following a dissappointing earnings announcement. The stock traded as low as $10.31 and last traded at $10.5710, with a volume of 11,729,819 shares trading hands. The stock had previously closed at $10.93.

The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Dynex Capital had a positive return on equity of 10.45% and a negative net margin of 4.65%. The business had revenue of $101.56 million during the quarter, compared to analyst estimates of $113.48 million.

Dynex Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 22nd will be issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 18.5%. The ex-dividend date of this dividend is Thursday, October 22nd. Dynex Capital’s payout ratio is currently 971.43%.

More Dynex Capital News

Here are the key news stories impacting Dynex Capital this week:

Positive Sentiment: CEO Byron Boston purchased 9,180 shares for approximately $100,000, adding to his already substantial position. The purchase may signal management’s view that the stock is undervalued after its recent decline. Byron Boston insider purchase
Positive Sentiment: CFO Michael Sartori bought 1,000 shares for $10,700, while CEO Smriti Popenoe previously purchased 12,000 shares for $156,600. These insider transactions increase executive ownership and could support investor confidence. Dynex Capital insider buying
Neutral Sentiment: Management said stable funding, limited refinancing needs and attractive mortgage-backed securities spreads could support future earnings, although those benefits depend on market conditions and portfolio values. Dynex Capital earnings call highlights
Negative Sentiment: Third-quarter results fell short of expectations. Dynex reported adjusted earnings of $0.38 per share versus a $0.39 consensus and revenue of $101.56 million versus estimates of $113.48 million. The company also reported a $335.5 million net loss, while book value per share dropped to $10.91 from $12.90 as wider agency MBS spreads reduced portfolio values. Dynex Capital shares gap down following weak earnings
Negative Sentiment: JonesTrading reduced its price target from $14.75 to $12.50, and a law firm announced an investigation into potential securities-law violations related to the company’s October 19 disclosures. The investigation is only an allegation at this stage, but it adds reputational and legal uncertainty. JonesTrading price target update Dynex Capital securities investigation

Wall Street Analysts Forecast Growth

DX has been the topic of a number of recent research reports. JonesTrading dropped their target price on Dynex Capital from $14.75 to $12.50 and set a “buy” rating on the stock in a report on Monday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Dynex Capital in a report on Tuesday. Weiss Ratings cut Dynex Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 16th. Finally, BTIG Research set a $12.00 price objective on Dynex Capital and gave the company a “buy” rating in a research note on Tuesday, October 6th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dynex Capital presently has a consensus rating of “Hold” and an average target price of $13.38.

Get Our Latest Stock Report on DX

Insider Transactions at Dynex Capital

In related news, CEO Smriti Popenoe purchased 12,000 shares of Dynex Capital stock in a transaction dated Tuesday, October 20th. The stock was bought at an average cost of $13.05 per share, for a total transaction of $156,600.00. Following the completion of the transaction, the chief executive officer owned 541,098 shares in the company, valued at $7,061,328.90. This trade represents a 2.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Byron L. Boston bought 9,180 shares of Dynex Capital stock in a transaction on Tuesday, October 20th. The shares were bought at an average cost of $10.89 per share, with a total value of $99,970.20. Following the acquisition, the chief executive officer directly owned 892,747 shares in the company, valued at approximately $9,722,014.83. This represents a 1.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 24,680 shares of company stock worth $295,220. 0.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dynex Capital

A number of institutional investors have recently added to or reduced their stakes in DX. State Street Corp lifted its holdings in shares of Dynex Capital by 12.8% during the 2nd quarter. State Street Corp now owns 5,113,743 shares of the real estate investment trust’s stock worth $67,862,000 after acquiring an additional 579,022 shares during the last quarter. Bank of America Corp DE increased its stake in Dynex Capital by 321.0% in the first quarter. Bank of America Corp DE now owns 763,452 shares of the real estate investment trust’s stock valued at $9,742,000 after acquiring an additional 582,129 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Dynex Capital by 13.8% in the second quarter. Bank of New York Mellon Corp now owns 783,988 shares of the real estate investment trust’s stock valued at $10,278,000 after acquiring an additional 94,948 shares during the last quarter. BlackRock Inc. increased its stake in Dynex Capital by 14.6% in the second quarter. BlackRock Inc. now owns 18,437,985 shares of the real estate investment trust’s stock valued at $241,722,000 after acquiring an additional 2,355,906 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in Dynex Capital during the second quarter valued at about $1,387,000. 38.34% of the stock is currently owned by institutional investors.

Dynex Capital Stock Up 0.7%

The stock has a 50-day simple moving average of $12.03 and a two-hundred day simple moving average of $12.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.73 billion, a PE ratio of 52.55 and a beta of 0.98.

About Dynex Capital

(Get Free Report)

Dynex Capital, Inc (NYSE: DX) is an internally managed real estate investment trust that invests in mortgage-related assets. The company primarily focuses on agency mortgage-backed securities, including securities backed by the U.S. government or government-sponsored enterprises, as well as selected non-agency residential and commercial mortgage-backed securities.

Dynex Capital uses financing and other investment strategies to generate income from its portfolio of mortgage assets. Its investments are tied primarily to the U.S.