Dynex Capital, Inc. (DX)
NYSEReal EstateReit - MortgageSnapshot 2026-10-30
$10.65-2.20%
Close 2026-10-30 · 1-day change
NYSEReal EstateReit - MortgageSnapshot 2026-10-30
Research Workspace
Put DX beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Mortgage REITs is in recovery. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Management is running behind on a stated commitment.
View ThesisRevenue growth is accelerating — up about 140% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityManagement screens weak on capital allocation, the balance sheet.
View ManagementExpectations look high — what the market is pricing in runs ahead of what analysts forecast.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskDX’s core claim is growth from raising capital for Agency MBS, despite unsteady management. Recent quarterly results show a sharp GAAP earnings swing, with revenue growth unavailable. DX trades at 8× P/E versus the 9× peer median. The market is pricing in more growth than our forecast. A Q3 earnings miss and falling book value challenge capital deployment. Management is also running behind on a stated commitment. The model puts the next-quarter miss probability near 34%. Peer multiples imply a price roughly in line with where it trades (about fair). This read is provisional.
Trailing returns as of 2026-10-30. DX is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 6 analysts currently covering DX (as of Oct 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
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Compare DX with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| DX Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 9 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Mortgage REITs — fair value, gap to price, and forward P/E.
Compare the value case
Put DX next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Raise and deploy capital into Agency MBS
Reported earnings miss and declining book value challenge capital deployment and portfolio performance.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Threatens: Maintain dividend per share at $0.51
Reported earnings miss and share-price decline modestly pressure confidence in dividend sustainability.
Advances: Raise and deploy capital into Agency MBS
Raising capital aligns with growth objectives.
Advances: Raise and deploy capital into Agency MBS
Capital raise supports growth in Agency MBS investments.
Advances: Raise and deploy capital into Agency MBS
Capital raised supports deployment into Agency MBS.
