Bull Rankings model

Dynex Capital, Inc. (DX) stock analysis

REIT - Mortgage. Scored on the same transparent model behind the daily rankings.

★
DX
Dynex Capital, Inc. · REIT - Mortgage
76.9REIT strength
$10.85Oct 13 close$2.7B
1Y Target$13.75Analyst consensus · 5 analysts
5Y Target$20.13Compound horizon
10Y Target$29.86Long-dated conviction
Yield18.8%
C+
Yield 18.8% — unusually high; verify the payout is sustainable · REITs are valued on FFO / AFFO, which our data source doesn't provide — we grade income, growth, and sector-relative leverage instead.
Rev+147.4%
A
Revenue +147.4% — hypergrowth, top decile
D/E7.13
D
D/E 7.13 — most levered decile in Real Estate (≈95th pctile)

Targets: 1-year is analyst consensus where covered, 5- and 10-year are model estimates; the DCF is a cross-check, not a target. Methodology

Financial strength · 76.9 / 100
Profitability100.0
Value (P/B)94.8
Income40.0

A peer-relative read for reits on profitability (ROE, depreciation-adjusted), valuation, and covered income — the quality-growth (FCF/ROIC) screen doesn't apply to balance-sheet businesses. Not comparable to the 0–100 quality-growth score shown on other stocks.

Entry · Margin of safety
52-week rangeNear 52-week low
27% off the 12-month high

Model-generatedFrom reported fundamentals, checked against the figures above · Editorial standards

Why now
REIT - Mortgage · market cap $2.7b. Down 27% from 52-week high of $14.93 — deep drawdown territory. Revenue growing +147% — in hypergrowth territory. PEG 0.71 — paying under fair value for the growth rate. 5 sell-side analysts rate this a Buy with a mean 1-yr target of $13.75 (implying +27% upside).
Moat
Net margin 87% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. ROE 18% is above 15% — the equity base is compounding at a rate the market struggles to discount accurately.
Risk
D/E 7.13 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Dividend payout 71% of earnings on a 18.8% yield — distribution coverage is thin; one earnings stumble could force a dividend cut.
Horizon
1-3 yr $13.75 (5-analyst consensus) — fundamentals + valuation re-rating. 5 yr $20.13 at ~13% CAGR — compounding case rests on the competitive position widening. 10 yr $29.86 if current growth sustains into durable earnings power.

Not enough history yet — the model records DX's score after each daily run, and the chart appears once a few days have accumulated.

DX at a glance

FINANCIAL STRENGTH · REITPROFITABILITY100VALUE95COVERED INCOME4076.9/100 on our peer scale — not the quality-growth score.
PRICE IN ITS 52-WEEK RANGE$10.9LOW $10.4HIGH $14.9Trading near its 52-week low ($10.4–$14.9).
ONE-YEAR MOVE VS ITS BETAFLATThis stock-17%Trailing one-year price change. Price history is not an inputto the Bull Rankings score.

Same audited fundamentals as the score, unless a card says otherwise.

Analyst estimate revisions

30-day change-1.8%
90-day change-1.6%
Forward EPS estimate$1.54

Over the last 90 days, what analysts expect DX to earn is drifting lower (-1.6%). The estimate is derived from price and forward P/E captured at the same instant, so a moving share price does not move this number — only a changed forecast does.

Estimates move both ways and are not part of the Bull Rankings score. Biggest movers →

Shares to buy
184
Position size
$1,996
4.0% of portfolio
Stop price
$8.14
25% below $10.85
$ at risk if stopped
$499.10
budget $500.00 · 1% of portfolio

Math only: excludes commissions, slippage and gap risk. Inputs stay in your browser.

Dynex Capital, Inc. (DX): score, valuation & FAQ

Dynex Capital, Inc. (DX) is a REIT - Mortgage company. As a bank, insurer or REIT it runs on a different financial model from the rest of the market, so Bull Rankings grades it on a sector-appropriate card — price-to-book, dividend yield, payout ratio and cash-flow coverage — rather than the 0–100 quality-growth score used elsewhere. The read below is a transparent screen, not a buy recommendation.

Its strongest graded signals are Rev (A), while D/E (D) rate weaker.

Is DX a good stock to buy?

Bull Rankings grades DX on a sector-appropriate card — price-to-book, dividend yield, payout and cash-flow coverage — rather than a single quality-growth score. That is driven by Rev (A). A score is a quantitative screen of Dynex Capital, Inc.'s fundamentals, not personalised financial advice — weigh it against your own time horizon and risk tolerance, and read the risk factors below before acting.

How does Bull Rankings grade DX?

As a bank, insurer or REIT, DX isn't given a quality-growth score — signals like free cash flow, debt-to-equity and P/E don't translate cleanly to a balance-sheet business. Instead it's graded on a sector-appropriate card: price-to-book, dividend yield, payout ratio and operating-cash-flow coverage, where it rates strongest on Rev (A) and weakest on D/E (D).

Is DX overvalued or undervalued?

We don't publish a discounted-cash-flow value for DX, and not because the business is unprofitable. For a lender, insurer or property trust, "free cash flow" measures balance-sheet growth rather than owner earnings — loan originations and repayments run through operating cash flow — so discounting it would produce a confident-looking number with nothing behind it. DX is judged on book value, return on equity and income cover instead, which is what the financial-strength card shows.

What are the main risks of investing in DX?

D/E 7.13 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Dividend payout 71% of earnings on a 18.8% yield — distribution coverage is thin; one earnings stumble could force a dividend cut.

New to these metrics? See the guides and the methodology.

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