Dynex Capital, Inc. (DX) An Undervalued REIT Stock to buy On Shareholders’ Returns

Dynex Capital, Inc. (NYSE:DX) is one of the top undervalued REIT stocks to buy now. On April 28, 2026, Dynex Capital, Inc. (NYSE:DX) amended its at-the-market equity distribution agreement, adding Goldman Sachs and Morgan Stanley as sales agents. The move expands the company’s capacity and flexibility for future equity raises under Rule 415, with customary fees and commissions.

Dynex Capital, Inc. (DX) An Undervalued REIT Stock to buy On Shareholders' Returns

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On April 21, Dynex Capital, Inc. board approved the repurchase of up to $300 million of common stock and up to $50 million in preferred stock. The share repurchase program comes on the heels of the board approving a $0.17-per-share dividend payable on May 1.

Additionally, the company delivered mixed first-quarter results, starting the year in a position of strength and building on the momentum after an outstanding 2025. The company posted a loss of $0.41 per share, compared with the expected $0.31 per share. Revenue was a bright spot, coming in at $79.25 million and beating consensus estimates by 9.36%.

Total economic return for the quarter was $0.34, as the company’s capital base increased by $442 million. Interest income continued to increase, driven by capital deployed to Agency MBS purchases over the quarter.

Dynex Capital, Inc. (NYSE:DX) is an internally managed mortgage real estate investment trust (mREIT) that invests in residential and commercial mortgage-backed securities (MBS) guaranteed by U.S. government-sponsored entities. They generate income by leveraging investments in these high-quality Agency MBS, aiming to provide consistent dividends to shareholders.

While we acknowledge the risk and potential of DX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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