Dynex Capital, Inc. (DX) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$13.34
Price Target
$16.83
Target Range
$14.50 — $20.00
Analyst Rating
Hold
Forward P/E9.5x
Trailing P/E5.4x
Forward PEG—
Implied Growth-31.1%
Median Target$16.00
Analyst Spread32.7%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$15
+8.7%
Consensus
$17
+26.2%
Bull Case
$20
+49.9%
DX Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Dynex Capital, Inc. (DX) has a Wall Street consensus price target of $16.83, based on estimates from 14 covering analysts. With the stock currently trading at $13.34, this represents a potential upside of +26.2%. The company has a market capitalization of $2.66B.
Analyst price targets range from a low of $14.50 to a high of $20.00, representing a 33% spread in expectations. The median target of $16.00 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 6 analysts rating the stock as a Buy or Strong Buy,7 rating it Hold, and 1 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, DX trades at a trailing P/E of 5.4x and forward P/E of 9.5x. Analysts expect EPS to grow -31.1% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Real Estate stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+9.4%
Avg Forward P/E6.7x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 AGNCAGNC Investment Corp. | $9.6B | $10.72 | $11.13 | +3.8% | Hold | 6.9x | 35 |
 NLYAnnaly Capital Management, Inc. | $16.1B | $22.38 | $24.50 | +9.5% | Buy | 7.5x | 28 |
 TWOTwo Harbors Investment Corp. | $1.3B | $12.26 | $14.00 | +14.2% | Hold | 11.9x | 22 |
 MFAMFA Financial, Inc. | $975M | $9.55 | $10.25 | +7.3% | Hold | 7.0x | 22 |
 ARRARMOUR Residential REIT, Inc. | $2.1B | $17.30 | $18.25 | +5.5% | Hold | 5.6x | 25 |
 IVRInvesco Mortgage Capital Inc. | $577M | $8.03 | $9.00 | +12.1% | Hold | 3.7x | 20 |
 CIMChimera Investment Corporation | $1.1B | $13.64 | $14.25 | +4.5% | Hold | 6.5x | 16 |
 EFCEllington Financial Inc. | $1.3B | $13.10 | $13.50 | +3.1% | Buy | 7.2x | 13 |
 EARNEllington Credit Company | $180M | $4.78 | $6.00 | +25.5% | Hold | 4.5x | 7 |
 ORCOrchid Island Capital, Inc. | $1.1B | $6.93 | $7.50 | +8.2% | Hold | 5.9x | 5 |
Upside Potential Comparison
EARNTWOIVRNLYORCMFAARRCIMSee DX's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs DX Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare DX vs WELL
Side-by-side business, growth, and profitability comparison vs Welltower Inc..
Start ComparisonDX — Frequently Asked Questions
Quick answers to the most common questions about buying DX stock.
What is the DX stock price target for 2026?
The consensus Wall Street price target for DX is $16.83, representing 26.2% upside from the current price of $13.34. With 14 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is DX a buy, sell, or hold?
DX has a consensus rating of "Hold" based on 14 Wall Street analysts. The rating breakdown is mixed, with 7 Hold ratings making up the largest segment. The consensus 12-month price target of $16.83 implies 26.2% upside from current levels.
Is DX stock overvalued or undervalued?
With a forward P/E of 9.5395x, DX trades at a relatively low valuation. The consensus target of $16.83 implies 26.2% appreciation, suggesting meaningful undervaluation.
How high can DX stock go?
The most bullish Wall Street analyst has a price target of $20 for DX, while the most conservative target is $14.5. The consensus of $16.83 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover DX stock?
DX is moderately covered, with 14 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 6 have Buy ratings, 7 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the DX stock forecast?
The 12-month DX stock forecast based on 14 Wall Street analysts shows a consensus price target of $16.83, with estimates ranging from $14.5 (bear case) to $20 (bull case). The median consensus rating is "Hold".
What is DX's forward P/E ratio?
DX trades at a forward P/E ratio of 9.5x based on next-twelve-months earnings estimates compared to a trailing P/E of 5.4x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy DX stock?
Wall Street analysts are very optimistic on DX, with a "Hold" consensus rating and $16.83 price target (26.2% upside). 6 of 14 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do DX price targets vary so much?
DX analyst price targets range from $14.5 to $20, a 33% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $16.83 consensus represents the middle ground.