Dynex Capital: Conditionally Bullish

Group 1 - Dynex Capital, Inc. (NYSE: DX) is a mortgage REIT currently yielding near 17% [1] - The analysis focuses on Dynex's strategy, the context of its yield, and investment ideas [1] - The firm conducting the analysis, Pearl Gray, specializes in systematic analysis of Bonds, Preferreds, and REITs, primarily in the Financials and Real Estate sectors [1] Group 2 - The mission of Pearl Gray is to discover actionable total return ideas that combine academic theories, practical experience, and common sense [1]