Dynex's Q2 results were mixed. The mREIT reported higher net interest income, offset by a net loss and a lower book value per share. An at-the-money share issuance program provided a buffer to Dynex's losses. However, the sustainability thereof might be called into question if Dynex's P&L doesn't improve. We hold a positive rates outlook with the idea that rates will fall at both the shorter and longer end, translating into bullish steepening.
Dynex Capital, Inc. (NYSE:DX ) Q2 2025 Earnings Conference Call July 21, 2025 10:00 AM ET Company Participants Alison G. Griffin - Vice President of Investor Relations Byron L.
While volatile mortgage rates will likely hurt the Zacks REIT and Equity Trust industry, companies like NLY, DX and EFC are poised to navigate the challenges.
ETFs have grown into a dominant investment vehicle due to their intraday liquidity, with income-focused investors increasingly turning to high-yield names like PFLT, SCM, EFC, DX, and HRZN—each yielding over 9%.
Business development companies and real estate investment trusts dominate high-yield monthly payers, benefiting from high interest rates in 2025, though economic downturns pose challenges.
Dynex Capital (DX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
DX, SWDBY and GNTY made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 30, 2025.
GLDD, DX, MRX, GNTY and STN have been added to the Zacks Rank #1 (Strong Buy) List on May 30, 2025.
Dynex Capital's Series C preferreds offer a favorable risk/reward profile, with decent earnings, reduced leverage, and increased equity coverage enhancing security for preferred shareholders. The stock's equity coverage has tripled since pre-COVID levels, providing a significant buffer against market downturns and showcasing its resilient profile. We continue to hold DX.PR.C in our Income Portfolios, viewing it as one of the best risk/reward opportunities in the income market.
Dynex Capital, Inc. is a compelling buy due to strong Q1 2025 earnings, an increased dividend, and strategic positioning, offering a 17%+ yield. DX's Q1 2025 results show improved performance with increased comprehensive income, reduced leverage, and strategic capital management despite challenging macroeconomic conditions. DX's hedging strategy and capital raises at a premium to book value strengthen its position, ensuring consistent, high-yield monthly dividends.
Dynex Capital, Inc. (NYSE:DX ) Q1 2025 Earnings Conference Call April 21, 2025 10:00 AM ET Company Participants Alison Griffin - VP of IR Smriti Popenoe - Co-CEO and President Rob Colligan - CFO and COO T.J. Connelly - CIO Byron Boston - Chairman and Co-CEO Conference Call Participants Bose George - KBW Jason Weaver - Jones Trading Doug Harter - UBS Trevor Cranston - Citizens JMP Securities Eric Hagen - BTIG Jason Stewart - Janney Montgomery Scott Operator Greetings, and welcome to the Dynex Capital, Inc. First quarter 2025 Earnings Conference Call.
Dynex Capital (DX) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to loss of $0.30 per share a year ago.