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Dynex Capital
-4.25%
Real estate / REIT
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
Dynex Capital is a publicly traded real estate investment trust (REIT) that invests in mortgage-backed securities (MBS), collateralized mortgage obligations (CMOs), and whole loan mortgages. The company primarily focuses on agency RMBS and agency CMBS, which are guaranteed by government-sponsored enterprises such as Fannie Mae and Freddie Mac.
Dynex Capital was founded in 1987 and is headquartered in Glen Allen, Virginia. The company’s portfolio is managed by its subsidiary, Dynex Capital Management, which is led by a team of experienced investment professionals.
Dynex Capital’s primary objective is to generate attractive risk-adjusted returns for its shareholders through a combination of capital appreciation and dividend income. The company’s strategy is to invest in a diversified portfolio of agency MBS and CMBS with a focus on credit quality, yield, and liquidity.
Dynex Capital also has a strong focus on risk management, using a combination of interest rate hedging and credit risk management techniques to control volatility and preserve shareholder value. The company seeks to maintain a strong balance sheet and liquidity position to support its investment strategy.
As of December 31, 2020, Dynex Capital’s total assets were $5.9 billion and its equity market capitalization was $431 million. The company’s stock is traded on the New York Stock Exchange under the ticker symbol DX.
Dynex Capital was founded in 1987 and is headquartered in Glen Allen, Virginia. The company’s portfolio is managed by its subsidiary, Dynex Capital Management, which is led by a team of experienced investment professionals.
Dynex Capital’s primary objective is to generate attractive risk-adjusted returns for its shareholders through a combination of capital appreciation and dividend income. The company’s strategy is to invest in a diversified portfolio of agency MBS and CMBS with a focus on credit quality, yield, and liquidity.
Dynex Capital also has a strong focus on risk management, using a combination of interest rate hedging and credit risk management techniques to control volatility and preserve shareholder value. The company seeks to maintain a strong balance sheet and liquidity position to support its investment strategy.
As of December 31, 2020, Dynex Capital’s total assets were $5.9 billion and its equity market capitalization was $431 million. The company’s stock is traded on the New York Stock Exchange under the ticker symbol DX.
What is special about the company?
1. Focus on Mortgage Investments: Dynex Capital primarily invests in mortgage-backed securities (MBS), which are a type of fixed-income instrument that is backed by a pool of mortgage loans. This focus allows the company to generate consistent income from the interest payments on these investments.
2. Diverse Portfolio: The company has a diverse portfolio of MBS investments, including commercial, residential, and multifamily properties. This diversification helps to mitigate risk and ensures a steady stream of income for the company.
3. Experienced Management Team: Dynex Capital has a highly experienced management team with extensive knowledge and expertise in the mortgage and investment industries. This allows the company to make informed investment decisions and navigate changing market conditions.
4. Established Track Record: The company has a strong track record of delivering consistent returns to its shareholders. This performance has enabled the company to grow and expand its business over the years.
5. Commitment to Shareholder Value: Dynex Capital is committed to creating value for its shareholders by maintaining a strong and stable dividend, increasing its book value, and actively managing its portfolio to maximize returns.
6. Risk Management: The company has a robust risk management framework in place to identify, measure, and manage potential risks in its portfolio. This helps to safeguard its investments and ensure the company's long-term sustainability.
7. Environmental, Social, and Governance (ESG) Focus: Dynex Capital is committed to responsible investing and has an active ESG program in place. The company considers environmental, social, and governance factors in its investment decisions and regularly reports on its sustainability efforts.
8. Strong Financial Position: The company has a strong balance sheet and is well-capitalized, providing it with the financial flexibility to pursue new investments and weather market volatility.
9. Commitment to Transparency: Dynex Capital is committed to maintaining transparent and open communication with its investors and provides detailed financial and operational reports to keep shareholders informed.
10. Industry Recognition: The company has gained recognition within the industry, including being named one of Forbes' "100 Most Trustworthy Companies" and earning several awards for its performance and corporate governance practices.
2. Diverse Portfolio: The company has a diverse portfolio of MBS investments, including commercial, residential, and multifamily properties. This diversification helps to mitigate risk and ensures a steady stream of income for the company.
3. Experienced Management Team: Dynex Capital has a highly experienced management team with extensive knowledge and expertise in the mortgage and investment industries. This allows the company to make informed investment decisions and navigate changing market conditions.
4. Established Track Record: The company has a strong track record of delivering consistent returns to its shareholders. This performance has enabled the company to grow and expand its business over the years.
5. Commitment to Shareholder Value: Dynex Capital is committed to creating value for its shareholders by maintaining a strong and stable dividend, increasing its book value, and actively managing its portfolio to maximize returns.
6. Risk Management: The company has a robust risk management framework in place to identify, measure, and manage potential risks in its portfolio. This helps to safeguard its investments and ensure the company's long-term sustainability.
7. Environmental, Social, and Governance (ESG) Focus: Dynex Capital is committed to responsible investing and has an active ESG program in place. The company considers environmental, social, and governance factors in its investment decisions and regularly reports on its sustainability efforts.
8. Strong Financial Position: The company has a strong balance sheet and is well-capitalized, providing it with the financial flexibility to pursue new investments and weather market volatility.
9. Commitment to Transparency: Dynex Capital is committed to maintaining transparent and open communication with its investors and provides detailed financial and operational reports to keep shareholders informed.
10. Industry Recognition: The company has gained recognition within the industry, including being named one of Forbes' "100 Most Trustworthy Companies" and earning several awards for its performance and corporate governance practices.
What the company's business model?
Dynex Capital is a real estate investment trust (REIT) that primarily invests in mortgage-backed securities (MBS) and other real estate-related assets. The company's business model is focused on generating income and total returns through a portfolio of high-quality investments in mortgage assets. This includes residential and commercial MBS, as well as agency and non-agency MBS, which are pools of mortgages that are packaged, sold, and guaranteed by government-sponsored agencies or private institutions. The company also invests in other real estate-related assets, such as commercial real estate loans and debt securities. Dynex Capital seeks to generate income through the interest payments received from its investments, as well as through capital appreciation from the sale of those investments. The company's portfolio is managed by a team of experienced professionals who aim to generate strong risk-adjusted returns for shareholders while carefully managing the credit, interest rate, and prepayment risks inherent in its investment strategy.
Interesting facts about the company
1. Dynex Capital is a real estate investment trust (REIT) that primarily focuses on investing in mortgage-backed securities (MBS). This can include both residential and commercial MBS.
2. The company was founded in 1987 as a subsidiary of Arthur B. Modell Companies, a real estate development and management firm. It was initially called Modell Financial, Inc. before changing its name to Dynex Capital in 1997.
3. In 2005, Dynex Capital became a publicly traded company on the New York Stock Exchange, under the ticker symbol DX.
4. The company’s headquarters are located in Glen Allen, Virginia, and it has additional offices in New York City and Atlanta, Georgia.
5. Dynex Capital primarily invests in agency MBS, which are mortgage securities backed by government-sponsored enterprises such as Fannie Mae, Freddie Mac, and Ginnie Mae. These securities are considered safer investments because they are guaranteed by the federal government.
6. The company also invests in non-agency MBS, which are mortgage securities that are not guaranteed by the government and typically offer higher yields.
7. In addition to its MBS investments, Dynex Capital also invests in other types of real estate-related assets, such as commercial mortgage loans and CMBS (commercial mortgage-backed securities).
8. Dynex Capital’s portfolio is managed by a team of experienced real estate and finance professionals, including its founder and CEO, Thomas A. Weisel.
9. The company has a strong focus on risk management and actively manages its portfolio to minimize potential losses.
10. As of 2021, Dynex Capital had a market capitalization of over $400 million and a dividend yield of around 8%, making it an attractive option for income-oriented investors.
11. The company has weathered the ups and downs of the housing market, including the 2008 financial crisis, and has consistently delivered strong returns to its shareholders. It has also increased its dividend payouts for 12 consecutive years.
See Company Due Diligence:
2. The company was founded in 1987 as a subsidiary of Arthur B. Modell Companies, a real estate development and management firm. It was initially called Modell Financial, Inc. before changing its name to Dynex Capital in 1997.
3. In 2005, Dynex Capital became a publicly traded company on the New York Stock Exchange, under the ticker symbol DX.
4. The company’s headquarters are located in Glen Allen, Virginia, and it has additional offices in New York City and Atlanta, Georgia.
5. Dynex Capital primarily invests in agency MBS, which are mortgage securities backed by government-sponsored enterprises such as Fannie Mae, Freddie Mac, and Ginnie Mae. These securities are considered safer investments because they are guaranteed by the federal government.
6. The company also invests in non-agency MBS, which are mortgage securities that are not guaranteed by the government and typically offer higher yields.
7. In addition to its MBS investments, Dynex Capital also invests in other types of real estate-related assets, such as commercial mortgage loans and CMBS (commercial mortgage-backed securities).
8. Dynex Capital’s portfolio is managed by a team of experienced real estate and finance professionals, including its founder and CEO, Thomas A. Weisel.
9. The company has a strong focus on risk management and actively manages its portfolio to minimize potential losses.
10. As of 2021, Dynex Capital had a market capitalization of over $400 million and a dividend yield of around 8%, making it an attractive option for income-oriented investors.
11. The company has weathered the ups and downs of the housing market, including the 2008 financial crisis, and has consistently delivered strong returns to its shareholders. It has also increased its dividend payouts for 12 consecutive years.
See Company Due Diligence:
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