DX DYNEX CAPITAL INC
Price Chart
Executive Summary
Dynex Capital reported a significant loss for Q1 2026, with comprehensive loss of $(0.42) per common share and a decline in book value to $12.60, driven by a $140 million net loss on its investment portfolio due to widening mortgage spreads. The company raised $442 million in equity capital and increased leverage to 8.6x equity.
Actionable Insight
Monitor upcoming earnings for guidance on portfolio performance and leverage strategy; the significant book value decline and increased leverage raise concerns about risk management.
Key Facts
- Comprehensive loss of $(0.42) per common share for Q1 2026
- Book value declined to $12.60 as of March 31, 2026 from $13.45
- Net loss of $140 million on investment portfolio, net of hedges
- Raised $442 million through ATM common stock issuances
- Leverage increased to 8.6 times shareholders' equity
Financial Impact
Net loss of $140 million on investment portfolio, book value decline of $0.85 per share
Risk Factors
- Widening mortgage spreads negatively impacting portfolio value
- Increased leverage to 8.6x shareholders' equity increasing financial risk
- Potential for continued book value erosion in future quarters
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000826675-26-000035 |
| Document: dx-20260420.htm | 0000826675-26-000035 |
| Document: 0000826675-26-000035-index-headers.html | 0000826675-26-000035 |
| Document: 0000826675-26-000035-index.html | 0000826675-26-000035 |
| Document: 0000826675-26-000035.txt | 0000826675-26-000035 |
| 8-K Data (Synthetic) | 0000826675-26-000035 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
2d ago
|
Institutional Cluster
| $12.75 awaiting T+5 | awaiting T+5 | — | $12.93 (+1.41%) |
|
May 22, 2026
21d ago
|
8-K
| $26.11 $26.08 | ▼ −0.11% | ▼ −1.33% | $12.93 (−50.47%) |
|
Apr 28, 2026
6w ago
|
8-K
| $25.54 $25.69 | ▲ +0.57% | ▼ −1.12% | $12.93 (−49.37%) |
|
Apr 28, 2026
6w ago
|
424B5
| $25.54 $25.69 | ▼ −0.57% | ▲ +1.12% | $12.93 (+49.37%) |
|
Apr 21, 2026
7w ago
|
8-K
| $25.50 $25.76 | ▲ +1.02% | ▼ −0.06% | $12.93 (−49.29%) |
|
Apr 20, 2026
7w ago
|
8-K
| $25.54 $25.76 | ▼ −0.86% | ▲ +0.05% | $12.93 (+49.37%) |
|
Apr 7, 2026
9w ago
|
DEFA14A
| $25.53 $25.45 | ▼ −0.29% | ▼ −5.62% | $12.93 (−49.34%) |
US Market Status
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