DX

Dynex CapitalC

NYSE / Financial Services

At close

2026-06-02

Current thesis

The bullish case is that Q1 marked a spread-driven mark-to-market setback rather than a deterioration in core earnings power: financing costs eased, EAD remained positive, liquidity was high, and the new buyback authorization gives management a credible tool to support per-share value if the stock/book relationship weakens.

Posture

Mixed

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta -9.8.

What can break

ATM equity issuance helped scale the portfolio but can dilute per-share book value if deployed into weak spread conditions.

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $12.80 · Bull $14.80 · Bear $11.40

Data freshness

Prices

As of 2026-06-02

Fundamentals

As of 2026-05-29 • Vendor: Data Vendor v1

Scores

As of 2026-06-02 • Model: HYBRID_IC_RP

AI Memo

As of 2026-04-21 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-06-02

Supporting evidence

What

Grade C · Mixed

Confidence Medium · Net Neutral

Target $15.10

Why

Momentum47 · Δ7d -4.2

Value62 · Δ7d -9.8

Sentiment53 · Δ7d +1.0

So what

Balanced signals (Net Neutral). Wait for confirmation before sizing up.

Lead driver: Value · See fundamentals

Momentum

34% active weight

Current posture

7d trendSoftening

Δ7d

-4.2

Δ21d

-12.3

Value

32% active weight

Current posture

7d trendSoftening

Δ7d

-9.8

Δ21d

+0.1

Sentiment

33% active weight

Current posture

7d trendImproving

Δ7d

+1.0

Δ21d

+10.7

Why this grade

Composite grade C. Momentum 46.9 / Value 61.5 / Sentiment 53.2

Fundamentals (TTM)

As of 2026-05-29

Market Cap

$2.82B

Beta

0.97

Shares Out

146.82M

P/E (TTM)

9.5

P/S (TTM)

4.64

P/FCF (TTM) · Derived

-25.04

Rev YoY

+79.3%

EPS YoY

+183.1%

Gross Margin

+17.5%

Op Margin

+41.5%

Net Debt

$6.19B

Current Ratio

As of 2026-06-02 • Updated nightlySource: Internal modelMethodology