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Dynex Capital ( (DX) ) has provided an announcement.
On January 26, 2026, Dynex Capital reported strong fourth-quarter and full-year 2025 results, highlighted by total economic return of $1.29 per common share, or 10.2% of beginning book value, for the quarter and $2.75, or 21.6%, for the year, alongside growth in book value per common share to $13.45 at year-end 2025 from $12.70 a year earlier. The company posted comprehensive income of $1.22 per share and net income of $1.17 per share for the fourth quarter, with full-year comprehensive income of $2.85 and net income of $2.49 per share, declared $2.00 per share in dividends for 2025, raised $1.2 billion in equity capital over the year, and expanded its Agency RMBS and CMBS holdings to drive a 58% increase in average interest-earning assets, all while maintaining $1.4 billion in liquidity and leverage of 7.3 times shareholders’ equity. Reflecting this growth and a focus on organizational resilience, Dynex also moved to separate its finance and operations leadership roles by appointing Meakin Bennett as Chief Operating Officer effective January 26, 2026, while retaining Robert S. Colligan as Chief Financial Officer with expanded responsibilities and reaffirming Co-CEO and President Smriti L. Popenoe as the principal operating officer, signaling a more robust executive structure to support the enlarged platform and shareholder-focused strategy.
The most recent analyst rating on (DX) stock is a Buy with a $16.50 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.
The score is primarily held back by elevated balance-sheet risk and uneven cash conversion despite a strong TTM profitability rebound. Offsetting factors include supportive technical momentum, an attractive valuation with a high dividend yield, and a generally positive earnings call emphasizing liquidity, capital raising, and improving net interest income.
To see Spark’s full report on DX stock, click here.
More about Dynex Capital
Dynex Capital, Inc. (NYSE: DX) is a mortgage real estate investment trust focused on generating dividends from high-quality mortgage assets, primarily through large portfolios of Agency residential and commercial mortgage-backed securities. The company has significantly expanded its balance sheet and market capitalization in recent years, supported by active capital raising and deployment into interest-earning mortgage securities, and operates with substantial leverage and liquidity to pursue income-focused strategies for shareholders.
Average Trading Volume: 5,203,171
Technical Sentiment Signal: Buy
Current Market Cap: $2.15B
For detailed information about DX stock, go to TipRanks’ Stock Analysis page.