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All You Need to Know About Dynex Capital (DX) Rating Upgrade to Buy
ZACKS· 2024-09-18 17:01
Dynex Capital (DX) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a chang ...
3 Real Estate Stocks to Grab Now on Slowing Mortgage Rates
ZACKS· 2024-09-05 13:21
Real estate has been having a decent 2024. The S&P 500 Real Estate Select Sector SPDR (XLRE) has advanced 11.1% year to date as of Sept. 4. The sector declined till the end of June. However, optimism about the Fed introducing rate cuts in the economy and falling mortgage rates seem to have triggered a turnaround. Buoyed by signals from the Fed, the benchmark 30-year average mortgage rate fell to 6.5% late last week, its lowest level since May 2023. The 30-year fixed-rate mortgage fell further on Aug. 30 to ...
3 Real Estate Stocks to Buy on Falling Mortgage Rates
ZACKS· 2024-08-07 13:12
The real estate sector is having a moderate 2024. The S&P 500 Real Estate Select Sector SPDR (XLRE) has advanced 5.5% year to date as of Aug 6. This wasn't the scenario in the first part of the year, with the sector declining till the end of June. However, optimism about the Fed introducing rate cuts in the economy and falling mortgage rates seem to have triggered a turnaround. Buoyed by signals from the Fed, the benchmark 30-year average mortgage rate fell to 6.5% late last week, its lowest level since May ...
Assessing Dynex Capital's Performance For Q2 2024
Seeking Alpha· 2024-08-06 22:43
t_kimura By Scott Kennedy, produced with Colorado Wealth Management Fund. DX Commentary An "as expected" quarter regarding Dynex Capital's (NYSE:DX) BV, in my opinion. DX recorded a modest quarterly BV decrease, which was correctly anticipated. DX modestly increased the company's on-balance sheet fixed-rate agency MBS portfolio, while slightly increasing (proportionately speaking) its off-balance sheet net long TBA MBS position. The size of DX's investment portfolio increase was slightly larger vs. what I a ...
Dynex Capital: I Am Getting A 13% Yield On My Last Buy
Seeking Alpha· 2024-08-01 10:36
filo Mortgage real estate investment trusts are poised to become more attractive as passive income investments in a lower-rate environment. The central bank, after June's CPI report showed an ongoing cooling of inflation, is poised to lower rates soon. One mortgage real estate investment trust that I think could do well as the central bank cuts short-term interest rates is Dynex Capital, Inc. (NYSE:DX) which owns a big portfolio of Agency mortgage-backed securities in the residential market. With the centra ...
Dynex Capital(DX) - 2024 Q2 - Quarterly Report
2024-07-26 20:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-09819 DYNEX CAPITAL, INC. (Exact name of registrant as specified in its charter) Virginia 52-1549373 (State or other jurisdiction of incorporation or organization) (I.R.S. Emp ...
Dynex Capital(DX) - 2024 Q2 - Earnings Call Transcript
2024-07-22 15:21
Dynex Capital, Inc. (NYSE:DX) Q2 2024 Earnings Conference Call July 22, 2024 10:00 AM ET Company Participants Alison Griffin - Vice President, Investor Relations Byron Boston - Chairman and Co-Chief Executive Officer Rob Colligan - Executive Vice President, Chief Financial Officer and Chief Operating Officer Smriti Popenoe - President, Co-Chief Executive Officer and Chief Investment Officer Conference Call Participants Jason Weaver - Jones Trading Eric Hagen - BTIG George Bose - KBW Doug Harter - UBS Jason ...
Dynex Capital(DX) - 2024 Q2 - Earnings Call Presentation
2024-07-22 14:09
Second Quarter 2024 Earnings Presentation July 22, 2024 NOTE: While it is not possible to identify all factors, some of the factors that may cause actual results to differ from historical results or from any results expressed or implied by our forward-looking statements, or that may cause our projections, assumptions, expectations or beliefs to change, include the risks and uncertainties referenced in our Annual Report on Form 10-K for the year ended December 31, 2023 and subsequent filings with the Securit ...
Dynex Capital(DX) - 2024 Q2 - Quarterly Results
2024-07-22 11:58
PRESS RELEASE FOR IMMEDIATE RELEASE CONTACT: Alison Griffin July 22, 2024 (804) 217-5897 DYNEX CAPITAL, INC. ANNOUNCES SECOND QUARTER 2024 RESULTS GLEN ALLEN, Va. -- Dynex Capital, Inc. ("Dynex" or the "Company") (NYSE: DX) reported its second quarter 2024 financial results today. Management will host a call today at 10:00 a.m. Eastern Time to discuss the results and business outlook. Details to access the call can be found below under "Earnings Conference Call." Financial Performance Summary • Total econom ...
Dynex: Maintaining Hold, Despite An Enhanced Asset-Liability Relationship
seekingalpha.com· 2024-05-29 20:28
stanciuc Our coverage today revisits our stance on Dynex Capital, Inc. (NYSE:DX), a mortgage REIT we last covered in February. Back then, we assigned a Hold rating to the asset due to a forecasted drop and economically driven inversion of the yield curve. As shown in the following diagram, our rating history on Dynex is quite accurate due to our successful outlook/s on mortgage rates and funding costs. However, additional events have occurred within the economy since our latest coverage, prompting us to upd ...