Dynex Capital Expands At-The-Market Equity Offering Capacity

Dynex Capital ( (DX) ) has provided an update.

On January 27, 2026, Dynex Capital, Inc. amended its existing at-the-market equity distribution agreement with a syndicate of sales agents, increasing the total number of authorized common shares for potential sale by 60,000,000 to 221,292,973, of which 67,354,187 shares remain available for issuance under its current shelf registration. The additional capacity under the program, supported by a newly filed prospectus supplement and legal and tax opinions from counsel, enhances Dynex Capital’s flexibility to raise equity capital over time, with customary fees and commissions payable to the participating sales agents, and may have implications for the company’s capital structure and existing shareholders as shares are sold into the market.

The most recent analyst rating on (DX) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on Dynex Capital stock, see the DX Stock Forecast page.

Spark’s Take on DX Stock

According to Spark, TipRanks’ AI Analyst, DX is a Neutral.

DX scores well on earnings-call-driven outlook and valuation (low P/E and high yield), supported by a strong recent uptrend in the stock. The overall score is held back most by elevated balance-sheet leverage and mixed cash conversion despite the strong TTM rebound.

To see Spark’s full report on DX stock, click here.

More about Dynex Capital

Dynex Capital, Inc. is a publicly traded company that issues common stock and utilizes at-the-market equity offering programs through multiple major investment banks and broker-dealers acting as sales agents, reflecting an active presence in the capital markets to support its corporate and financing needs.

Average Trading Volume: 5,254,867

Technical Sentiment Signal: Buy

Current Market Cap: $2.14B

See more data about DX stock on TipRanks’ Stock Analysis page.