Is DX a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

1,350 people get DX articles and Market Currents by email alert.

Get email alerts on DX »

HEADLINES:

Dividend Challengers: 11 Increases Expected In The Next 11 Weeks
David Fish • Thu, May 16 • 9 Comments
mREITs During Q1: More Bad News, But A Few Winners Emerge
T. C. • Mon, May 13 • 62 Comments
17 New Preferred Stocks Offer 6.65% And More Diversification
Doug K. Le Du • Mon, May 13 • 24 Comments
Dynex Capital, Inc. to Present at the 12th Annual JMP Securities Research Conference

Business Wire (May 8, 2013)
Dynex Capital's CEO Discusses Q1 2013 Results - Earnings Call Transcript
Thu, May 2
Dynex Capital, Inc. Reports First Quarter 2013 Diluted EPS of $0.34 and Book Value Per Common Share of $10.50

Business Wire (May 1, 2013)
Dynex Capital, Inc. Announces Change to Conference Call Schedule for First Quarter 2013 Results

Business Wire (Apr 30, 2013)
How To Reduce (Or Eliminate) Taxes On Annaly's Dividends
Doug Carey • Thu, Apr 25 • 32 Comments
Dynex Capital, Inc. Announces Schedule for First Quarter 2013 Results

Business Wire (Apr 24, 2013)
Dynex Capital, Inc. Completes Public Offering of Series B Cumulative Redeemable Preferred Stock

Business Wire (Apr 19, 2013)
10 Dividend Challenger Dogs Point To 10.9% To 29.4% Net Gains In April
Fredrik Arnold • Tue, Apr 16 • 3 Comments
Dynex Capital, Inc. Announces Pricing of Series B Cumulative Redeemable Preferred Stock Offering

Business Wire (Apr 11, 2013)
Dynex Capital, Inc. Announces Public Offering of Series B Cumulative Redeemable Preferred Stock

Business Wire (Apr 11, 2013)
The DGI Lite Portfolio Q4 Results
Miz Magic DiviDogs • Thu, Apr 4 • 66 Comments
Best mREITs As Mortgage Rates Rise
T. C. • Wed, Apr 3 • 20 Comments
Dynex Capital: A Conservative mREIT With An 11% Yield
Albert Alfonso • Thu, Mar 28 • 12 Comments
How One Retiree Is Muddling Through Dividend Investing: Part VI - The Changes We Have Made
Martin Rice • Mon, Mar 18 • 154 Comments
Dynex Capital, Inc. Declares First Quarter Series A Preferred Stock Dividend

Business Wire (Mar 18, 2013)
Dynex Capital, Inc. Declares First Quarter Common Stock Dividend

Business Wire (Mar 15, 2013)
Top Dogs Net 10% To 40%, Leading 10 March Indices
Fredrik Arnold • Thu, Mar 14 • 9 Comments

To learn more about Seeking Alpha Pro, click here.

Dynex Capital: A Conservative mREIT With An 11% Yield
Albert Alfonso • Thu, Mar 28 • 12 Comments
Great Dividend Payer Dynex Capital Keeps Putting In Good Quarters
David White • Tue, Sep 4, 2012 • 1 Comment
Revisionist Thinking On Dynex Capital
James Shell • Mon, Aug 27, 2012 • 7 Comments
Dynex Capital: 20, 10 And 11%
Michael Terry • Wed, Aug 22, 2012 • 18 Comments
Dynex Capital: What Makes A Good mREIT Tick?
Cris Frangold • Sun, Aug 5, 2012 • 4 Comments
At 15-Month Highs, Dynex Further Confirms Bullish Bias Towards Housing Market
Dr. Duru • Mon, Jul 9, 2012
Playing The Dynex Dividend
James Shell • Mon, Mar 26, 2012 • 4 Comments
Investing In A Housing Recovery With Dynex Capital
Dr. Duru • Mon, Jan 30, 2012
Dynex Capital: Income From Mortgages
Jim Van Meerten • Tue, Dec 27, 2011 • 1 Comment
Dynex Capital: A Lower Risk Mortgage REIT
George Spritzer • Wed, Dec 8, 2010 • 19 Comments

Dividend Challengers: 11 Increases Expected In The Next 11 Weeks
David Fish • Thu, May 16 • 9 Comments
mREITs During Q1: More Bad News, But A Few Winners Emerge
T. C. • Mon, May 13 • 62 Comments
17 New Preferred Stocks Offer 6.65% And More Diversification
Doug K. Le Du • Mon, May 13 • 24 Comments
How To Reduce (Or Eliminate) Taxes On Annaly's Dividends
Doug Carey • Thu, Apr 25 • 32 Comments
10 Dividend Challenger Dogs Point To 10.9% To 29.4% Net Gains In April
Fredrik Arnold • Tue, Apr 16 • 3 Comments
The DGI Lite Portfolio Q4 Results
Miz Magic DiviDogs • Thu, Apr 4 • 66 Comments
Best mREITs As Mortgage Rates Rise
T. C. • Wed, Apr 3 • 20 Comments
How One Retiree Is Muddling Through Dividend Investing: Part VI - The Changes We Have Made
Martin Rice • Mon, Mar 18 • 154 Comments
Top Dogs Net 10% To 40%, Leading 10 March Indices
Fredrik Arnold • Thu, Mar 14 • 9 Comments
Despite Earnings Miss, 12.5%-Yielding Apollo Residential Is A Buy
Ryan Brennan • Thu, Mar 7 • 10 Comments
Reduce Or Eliminate Taxes On American Capital Agency, Other REITS
Doug Carey • Wed, Feb 27 • 22 Comments
Morningstar / YCharts Sector Dogs Shed 8.5% To 33.3% Annual Gains
Fredrik Arnold • Tue, Feb 26 • 13 Comments
5 Mortgage REIT Preferreds To Consider, Part I: Apollo Residential
Ryan Brennan • Tue, Feb 26 • 16 Comments
Top Dogs Net 9% To 56% Pacing Ten Awesome Indices
Fredrik Arnold • Sun, Feb 3 • 19 Comments
Dividend Growth Safety Superstars - 2012 Update - Part Two
Bob Wells • Fri, Jan 11 • 128 Comments
Examining Silver Bay Realty Trust Corp: Is Two Harbors Spin-Off A Buy?
Stephen Ryan • Mon, Dec 31, 2012 • 17 Comments
Top Dogs Net 18% To 67% Leading 9 Indices
Fredrik Arnold • Tue, Dec 18, 2012 • 2 Comments
Best mREITs For 2013
T. C. • Thu, Dec 13, 2012 • 52 Comments
5 Reasons To Stick With Mortgage REITs
CorvetteKid • Thu, Dec 6, 2012 • 68 Comments
Top Dogs In 9 Awesome Indices Assert 9% To 22% Net Gains
Fredrik Arnold • Thu, Nov 8, 2012 • 10 Comments

Dynex Capital's CEO Discusses Q1 2013 Results - Earnings Call Transcript
Thu, May 2
Dynex Capital's CEO Discusses Q4 2012 Results - Earnings Call Transcript
Wed, Feb 20
Dynex Capital's CEO Discusses Q3 2012 Results - Earnings Call Transcript
Fri, Nov 2, 2012 • 1 Comment
Dynex Capital's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Mon, Jul 30, 2012

Dynex Capital, Inc. to Present at the 12th Annual JMP Securities Research Conference

Business Wire (May 8, 2013)
Dynex Capital, Inc. Reports First Quarter 2013 Diluted EPS of $0.34 and Book Value Per Common Share of $10.50

Business Wire (May 1, 2013)
Dynex Capital, Inc. Announces Change to Conference Call Schedule for First Quarter 2013 Results

Business Wire (Apr 30, 2013)
Dynex Capital, Inc. Announces Schedule for First Quarter 2013 Results

Business Wire (Apr 24, 2013)
Dynex Capital, Inc. Completes Public Offering of Series B Cumulative Redeemable Preferred Stock

Business Wire (Apr 19, 2013)
Dynex Capital, Inc. Announces Pricing of Series B Cumulative Redeemable Preferred Stock Offering

Business Wire (Apr 11, 2013)
Dynex Capital, Inc. Announces Public Offering of Series B Cumulative Redeemable Preferred Stock

Business Wire (Apr 11, 2013)
Dynex Capital, Inc. Declares First Quarter Series A Preferred Stock Dividend

Business Wire (Mar 18, 2013)
Dynex Capital, Inc. Declares First Quarter Common Stock Dividend

Business Wire (Mar 15, 2013)
Dynex Capital, Inc. Reports Fourth Quarter 2012 Diluted EPS of $0.34 and Book Value Per Common Share of $10.30

Business Wire (Feb 20, 2013)
Dynex Capital, Inc. Announces Tax Information on Common Stock and Series A Preferred Dividends

Business Wire (Feb 11, 2013)
Dynex Capital, Inc. Announces Schedule for Fourth Quarter 2012 Results

Business Wire (Feb 8, 2013)
Dynex Capital, Inc. Declares Fourth Quarter Series A Preferred Stock Dividend

Business Wire (Dec 13, 2012)
Dynex Capital, Inc. Declares Fourth Quarter Common Stock Dividend

Business Wire (Dec 10, 2012)
Dynex Capital, Inc. to Present at the Southwest IDEAS Investor Conference

Business Wire (Nov 13, 2012)
Dynex Capital, Inc. Announces $50 Million Share Repurchase Program

Business Wire (Nov 12, 2012)
Dynex Capital, Inc. Reports Third Quarter 2012

Business Wire (Nov 1, 2012)
Dynex Capital, Inc. Announces Change to Conference Call Schedule for Third Quarter 2012 Results

Business Wire (Oct 29, 2012)
Dynex Capital, Inc. Announces Schedule for Third Quarter 2012 Results and Preliminary Estimate of Book Value at September 30, 2012

Business Wire (Oct 15, 2012)
Dynex Capital, Inc. Declares Third Quarter Common Stock Dividend

Business Wire (Sep 20, 2012)

DX vs. ETF Alternatives

Company Description

We are a specialty finance company organized as a real estate investment trust, or REIT, which invests in mortgage loans and securities on a leveraged basis. We were incorporated in Virginia on December 18, 1987 and commenced operations in February 1988. We invest in residential... More

Sector: Financial

Industry: Mortgage Investment

Country: United States

All
| Earnings
| Dividends
| M&A
| On the move

Monday, May 13, 1:04 PM Dynex Capital (DX) CEO and hedge funder Tom Akin says goodbye to Nationstar Mortgage (NSM +1.6%) after a near-tripling in price over the last year. "Don't want to be there when the Fed whispers less QE ..." 2 Comments [Financials, Quick Ideas]
Friday, May 3, 12:42 PM "Loving (the) mREIT (MORT -2%) pullback," says Tom Akin, who - in addition to being CEO of Dynex Capital (DX) - runs an income-focused hedge fund. A longtime bull on Newcastle Investment (NCT -0.5%), Akin says if it drops below $5 post the New Residential spinoff, it's the one to buy. In when-issued trading, NCT is at $5.10 (NRZ's at $6.67). 14 Comments [Financials, Quick Ideas]
Friday, May 3, 7:25 AM A check of some other mortgage REITs premarket after AGNC reported a big loss in Q1: NLY -1%, IVR -0.4%, HTS -0.7%, CYS -0.7%, MFA -0.3%, CMO -2.3%, DX -1.8%, WMC -3.3%.
3 Comments [Financials, On the Move]
Thursday, May 2, 11:38 AM Dynex Capital (DX +1.5%) continues higher post-earnings as management makes its case on the earnings call (presentation). The company's allocation to commercial mortgages (now 61% of portfolio) insulates it from prepayment risk and overall CPR has remained fairly flat amid the refi boom of the last 2 years. At $10.68, the stock is at a 1.7% premium to book, a slightly higher valuation than hybrid REITs, but well less than commercial and non-agency REITs. Comment! [Financials, On the Move]
Wednesday, May 1, 6:24 PM More on Dynex Capital (DX) Q1 earnings: EPS of $0.34 compares to $0.34 in Q4 and $0.33 a year ago. Gain on sale of investments of $1.39M, up from $351K a year ago (total income this quarter is $18.4M). Book value/share of $10.50, up from $10.30 on Dec. 31, $9.62 a year ago. Net interest spread of 1.89%, down 4 bps from Q4, down 52 bps from a year ago. Leverage of 6.3x, up from 5.9x in Q4, 5.3x a year ago. Portfolio of $4.53B - 85% agency MBS, up from 84% in Q4 (rest is non-agency MBS). Conference call tomorrow at 11 ET. Shares +0.9% AH. (PR) Comment! [Earnings, Financials]
Wednesday, May 1, 5:43 PM Dynex Capital (DX): Q1 EPS of $0.34 beats by $0.02. (PR) Comment! [Earnings, Breaking News, Financials]
Wednesday, May 1, 12:10 AM Notable earnings after Wednesday’ s close: ALL, ARI, ARR, ATML, ATO, ATW, AXLL, AXTI, BKD, BMR, CACI, CAR, CBS, CJES, CNQR, CSOD, CVD, CVI, CVRR, CWT, CXO, DVR, DX, DXCM, DXPE, EDMC, ESS, EXPD, EXXI, FB, FNF, FRT, G, GLUU, GNK, GTAT, HNSN, HR, IPI, IPXL, IVR, JDSU, KIM, LNC, LOCK, LVS, MAC, MAR, MET, MUR, NAVB, NGD, NLY, NTRI, PHH, POL, PRU, PSE, PXD, QUIK, ROVI, SAM, SFLY, SGMO, SLTM, SNCR, STX, TEG, TGI, TPC, TSO, TTEK, UAN, UNM, V, VVC, WES, WLT, YELP Comment! [Earnings]
Tuesday, April 30, 5:35 PM Notable earnings after Wednesday’ s close: ALL, ARI, ARR, ATML, ATO, ATW, AXLL, AXTI, BKD, BMR, CACI, CAR, CBS, CJES, CNQR, CSOD, CVD, CVI, CVRR, CWT, CXO, DVR, DX, DXCM, DXPE, EDMC, ESS, EXPD, EXXI, FB, FNF, FRT, G, GLUU, GNK, GTAT, HNSN, HR, IPI, IPXL, IVR, JDSU, KIM, LNC, LOCK, LVS, MAC, MAR, MET, MUR, NAVB, NGD, NLY, NTRI, PHH, POL, PRU, PSE, PXD, QUIK, ROVI, SAM, SFLY, SGMO, SLTM, SNCR, STX, TEG, TGI, TPC, TSO, TTEK, UAN, UNM, V, VVC, WES, WLT, YELP 2 Comments [Earnings]
Thursday, April 18, 11:17 PM Mortgage REITs (MORT) catch the eye of D.C., with the Financial Stability Oversight Council reportedly set to cite the industry as a potential source of market vulnerability. The companies have seen assets quadruple to over $400B since 2009, but Annaly (NLY) CEO Wellington Denahan notes their capital bases have risen as well. A Two Harbors (TWO) presentation (page 8) shows mREITs are relatively small players in the MBS market. Maybe the Fed and the GSEs just don't like the competition. Annaly and American Capital (AGNC) are the 2 biggest mREITs, with Two Harbors a distant 3rd. 42 Comments [Financials]
Wednesday, April 17, 1:01 PM Often a spot to hide during big selloffs, mortgage REITs (MORT -2.3%) slide sharply as well, particularly the hybrids (exposed to credit risk through non-agency MBS holdings). IVR -2.3%, TWO -3.3%, DX -2.5%. The sector giants: NLY -2.2%, AGNC -1.3%. One trader reminds mREITs are small caps and the Russell 2000 (IWM -2.2%) has been particularly hard hit of late. The 10-15% yields offer a nice palliative. 2 Comments [Financials, On the Move]
Friday, March 15, 10:28 AM Dynex Capital (DX) declares $0.29/share quarterly dividend, in line with previous. Forward yield 10.53%. For shareholders of record Apr. 01. Payable Apr. 30. Ex-div date Mar. 27. (PR) 1 Comment [Dividends]
Wednesday, February 27, 12:36 PM Starwood Property Trust (STWD +4.2%) following its big earnings beat. The company put another $1B to work in Q4, bringing 2012's total to $2.6B. Assets held for investment sum to $3.4B with annualized levered return of 11.7%-12.2% expected over their life. "CMBS originators appear to be in a sweet spot," says Dynex (DX) CEO Tom Akin, looking forward to Walker & Dunlop's (WD) report next week. Comment! [Financials, Earnings, On the Move, Quick Ideas]
Wednesday, February 20, 8:24 AM More on Dynex Capital (DX) Q4 earnings: Net interest spread declines just 7 bps to 1.93%. CMBS investments now up to 38% of portfolio. Gain on sale of investments of $2B, down from $3.5B last quarter, up from $773M a year ago. Conference call scheduled for 11 ET. Shares +0.7% premarket. (PR) Comment! [Earnings, Financials]
Wednesday, February 20, 8:14 AM Dynex Capital (DX): Q4 EPS of $0.34 beats by $0.03. Book value of $10.30, down $0.01 from Q3. Shares +0.3% premarket. (PR) Comment! [Breaking News, Financials, Earnings]
Tuesday, February 19, 12:10 AM Notable earnings after Tuesday’s close: ADI, AMRS, ANAD, BAS, BJRI, CF, DELL, DX, FNF, GTAT, HLF, LLNW, MAR, MDRX, MM, NBR, NFX, QEP, SHO, SINA, TEX, ZIXI Comment! [Earnings]
Monday, February 18, 5:35 PM Notable earnings after Tuesday’s close: ADI, AMRS, ANAD, BAS, BJRI, CF, DELL, DX, FNF, GTAT, HLF, LLNW, MAR, MDRX, MM, NBR, NFX, QEP,SHO, SINA, TEX, ZIXI Comment! [Earnings]

BigB985
Looks like $DX has had the best earnings out of the mREITS so far this quarter. $AGNC getting punished. Might pick some up under $30 though.
May 3, 9:45 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Joe McSweeney
That yield on $DX...seems like expensive capital for a mortgage outfit.d
May 1, 3:18 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Dividend Sheet
$DX $SRC and $O are tomorrow's best yielding ex-dividend stocks - http://stks.co/p6bj - 20 shares with 4.51% average yield $DELL $MDLZ
Mar 26, 5:00 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Dividend Sheet
$WMC $AI and $IVR are the highest yielding mortgage stocks - http://stks.co/bN3A - 12 Shares 8.45% average yield $KFN $HLSS $DX $EFC
Mar 11, 4:46 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Dividend Sheet
$NMM $DX and $NRP are the best yielding Dividend Challengers - http://stks.co/cLQs - I like $APU $RAI and $AZN from the list
Feb 22, 4:33 AM
Reply (2)

• !Report Abuse
View all 2 replies
joe kelly: I was unaware RAI paid that good a dividend. Good info Dividend Sheet Guy
Feb 22, 8:51 AM
• !Report Abuse
Ocean Man: I like APU and RAI too.
Feb 22, 11:22 AM
• !Report Abuse
Add a reply...

140 characters

Ypa Finance
Not bad so far to have $DX, $PSEC, $BKCC, $TICC in our Dividend Quantitative Portfolio
Jan 31, 1:48 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Codespeed
$DX Dynex Capital will pay Q3 dividend of $0.29 per common share (unchanged)
9/20/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Jeff Pierce
Retweet to win an AMZN Kindle DX w/ $50 credit for a trading book & go digital with your trading research from @allabouttrends on Tuesday $$
9/2/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Jeff Pierce
RT to win a $AMZN Kindle DX with a $50 credit for a trading book & go digital with your trading research from @AllAboutTrends
8/25/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

ZetaKap
6 Dividend Stocks With 10%+ Yields Backed By High Profits And Analyst Confidence http://bit.ly/MbFPZ2 $AGNC $ANH $ARI $BBEP $CMO $DX
6/4/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

LATEST REPLIES

Dividend Sheet
$NMM $DX and $NRP are the best yielding Dividend Challengers - http://stks.co/cLQs - I like $APU $RAI and $AZN from the list
Feb 22, 4:33 AM
Reply (2)

• !Report Abuse
View all 2 replies
joe kelly: I was unaware RAI paid that good a dividend. Good info Dividend Sheet Guy
Feb 22, 8:51 AM
• !Report Abuse
Ocean Man: I like APU and RAI too.
Feb 22, 11:22 AM
• !Report Abuse
Add a reply...

140 characters

moneyhawk1
JNJ ABT TEVA AGNC MTGE DX AEO PG this is for my son so play on for ever with these long plays
4/15/12
Reply (3)

• !Report Abuse
View all 3 replies
Husky Financial: Add in some KO IBM MCD SBUX
4/16/12
• !Report Abuse
moneyhawk1: THANK YOU SO VERY MUCH HAVE A AWESOME DAY
4/16/12
• !Report Abuse
Add a reply...

140 characters

Demi9OD
TED spread back up, ITA 10yr up, DX up, TLT nearly flat even after a surging run yesterday. SPY upside quite limited here without catalyst.
12/29/11
Reply (2)

• !Report Abuse
View all 2 replies
Husky Financial: Bloomberg story on possibility of ECB cut to record low rates in Q1 2012 as inflation fears lessen could do it for the next couple of hours
12/29/11
• !Report Abuse
humahuaca: pretty sure everyone expects another .25% cut at each of next 2 ECB meetings?
12/29/11
• !Report Abuse
Add a reply...

140 characters

shellsnail
the action on DX for the next half an hour or so will be key.
12/22/11
Reply (1)

• !Report Abuse
View all 1 replies
shellsnail: watch 80.18.
12/22/11
• !Report Abuse
Add a reply...

140 characters

Demi9OD
DX off the highs here and trending down, US bonds and bills follow, while commodities and equities do not respond and flatten.
12/19/11
Reply (1)

• !Report Abuse
View all 1 replies
AlphaVolume: tomorrow will be interesting
12/19/11
• !Report Abuse
Add a reply...

140 characters

Demi9OD
SPX should break upper resistance @ 1203 soon with DX on a steady down trend.
11/29/11
Reply (2)

• !Report Abuse
View all 2 replies
Demi9OD: DX bounced, may have found a short term bottom.
11/29/11
• !Report Abuse
realornot: lol it is breaking the other way!
11/29/11
• !Report Abuse
Add a reply...

140 characters

Demi9OD
Dip seems DX based, TLT/TBT not confirming.
11/29/11
Reply (1)

• !Report Abuse
View all 1 replies
Demi9OD: TLT confirmed dip, bounced into upper boll channel. Doesn't mean it can't flip on a dime.
11/29/11
• !Report Abuse
Add a reply...

140 characters

DX Dynex Capital Inc.

DX

Dynex Capital Inc.