Dynex Capital, Inc. (DX)
Dynex Capital, Inc. operates in the REIT - Mortgage industry of the Real Estate sector, headquartered in Glen Allen, VA, US. The stock last traded at $12.97, up 0.31% on the session, giving a market capitalisation of $3.21B. On trailing twelve-month figures it carries a trailing P/E of 4.89, a net margin of 49.2%. Its beta of 0.94 implies it has historically moved less than the broad market.
Dynex Capital, Inc. operates as a mortgage real estate investment trust (mREIT), primarily engaging in the leveraged acquisition of various mortgage-backed securities (MBS) within the United States. Its investment portfolio includes both agency and non-agency MBS. Agency MBS are distinguished by a principal payment guarantee from a U.S. government entity or a government-sponsored enterprise (GSE), such as Fannie Mae or Freddie Mac. In contrast, non-agency MBS do not possess this governmental backing. Dynex's holdings specifically encompass residential MBS, commercial MBS (CMBS), and certain CMBS interest-only instruments. For federal income tax purposes, the company holds the designation of a real estate investment trust. This status typically exempts Dynex Capital from federal corporate income tax liabilities, provided it distributes a minimum of 90% of its taxable earnings to its shareholders. Established in 1987, the firm maintains its corporate headquarters in Glen Allen, Virginia.
Dynex Capital, Inc. is most often compared with the following Real Estate names: