Dynex Capital (DX) CEO Smriti Laxman Popenoe Buys $157K of Stock

Smriti Laxman Popenoe, Co-CEO and President of Dynex Capital, Inc. (NYSE: DX), bought 12,000 shares of the mortgage real estate investment trust on October 20, 2026. According to a Form 4 filed with the SEC, the executive purchased the shares at a price of $13.05 each, bringing the total transaction value to $156,560.40. ## Inside Smriti Laxman Popenoe's DX Trade

Popenoe acquired 12,000 shares through an open-market purchase on October 20, 2026. The transaction was executed at $13.05 per share. Following this trade, the executive held 2,000 shares directly. Dynex Capital stock closed at $10.96 on the day of the transaction. ## Other Institutional Activity in Dynex Capital

Millennium Management Llc grew its holdings by 4,262,628 shares, ending with 7,016,976 shares worth about $76,906,057. Marshall Wace LLP increased its stake by 6,201,462 shares to reach 6,413,930 shares valued at about $70,296,673. Ameriprise Financial, Inc. grew its holdings by 1,401,901 shares, ending with 3,347,364 shares worth about $36,687,109. Two Sigma Investments, LP added 1,015,578 shares for a final count of 2,965,239 shares valued at about $32,499,019.

DX Dynex Capital, Inc.

$10.96 ▼ -12.53% year to date

1M 3M YTD

Daily close · Oct 20, 2026

Dynex Capital, Inc. Stock Holds Steady

DX recently traded at $10.56 as of October 20, 2026, down about 3.6% from its closing price of $10.96 on the day of the trade. The stock sits below its 50-day moving average of $12.10 and below its 200-day moving average of $13.05. Shares are positioned about 2.4% above their 52-week low of $10.31 and 29.3% below their 52-week high of $14.93.

Recent Earnings

Dynex Capital reported $16,952,000 in trailing-twelve-month revenue alongside earnings of $0.28 per share. The company posted a negative return on equity of 2.0% and a net profit margin of -293.5%. The next earnings release is scheduled for January 25, 2027.

Dividend

Dynex Capital maintains an annual dividend rate of $2.04 per share, translating to a dividend yield of 19.32%. The payout ratio stands at 70.6%.

Insider Buying and Selling at Dynex Capital, Inc.

Insider activity prior to this transaction included several trades across the leadership team. Chief Executive Officer Smriti Laxman Popenoe previously acquired 4,260 shares on September 26, 2025, and another 2,000 shares at $12.19 per share on February 27, 2026. Douglas Neal purchased 10,372 shares on June 15, 2026. Later, Chief Investment Officer Terrence John Connelly Jr bought 2,500 shares at $11.18 per share on September 25, 2026.

Analysts Set New Price Targets

Wall Street firms covering the stock include Jones Trading, which maintained a buy rating on July 21, 2026, with a $14.75 price target. BTIG maintained a buy rating on October 7, 2026, while lowering its target from $14.50 to $12.00. Jones Trading returned on October 19, 2026, to maintain a buy rating while trimming its target from $14.75 to $12.50. Across five analysts, the consensus recommendation stands at buy with a mean price target of $13.30.

About Dynex Capital

Dynex Capital, Inc. operates as a mortgage real estate investment trust that acquires residential and commercial mortgage-backed securities across the United States. The portfolio includes agency mortgage-backed securities backed by government-sponsored entities like Fannie Mae and Freddie Mac, alongside non-agency holdings.

Bottom Line

Investors tracking Dynex Capital can watch for the company's next earnings report on January 25, 2027, for updates on book value and portfolio returns. Insider transactions offer visibility into how leadership manages personal capital relative to market conditions.