David Stevens - Dynex Capital Independent Director

DX Stock  USD 14.10  0.13  0.91%   

Director

Mr. David H. Stevens is Independent Director of the Company. Mr. Stevens joined the Board of Directors in January 2019.Mr. Stevens is a 35year industry veteran with indepth experience in the real estate finance and mortgage banking industry. He began his career as a loan officer in Colorado in 1983 and progressed into branch, regional, divisional, and national management roles in the same company over 16 years. He then spent seven years as the Senior Vice President and head of the singlefamily business at Freddie Mac, and then ran the wholesale lending business nationally as Executive Vice President for Wells Fargo. In July of 2006, he accepted a position as President and Chief Operating Officer of the Long Foster Companies, including the core real estate company and all affiliated businesses of mortgage, settlement services, and insurance. Mr. Stevens served in the Obama Administration as Assistant Secretary of Housing and FHA Commissioner, from 2009 until March 31, 2011. Mr. Stevens retired as President and CEO of the MBA in Washington D.C. in September 2018, where he had served since May 2011. Mr. Stevens serves as a director of Radison Group Inc., a diversified mortgage and real estate services business. In addition, he is senior advisor to Mortgage Media and is currently focused on advisory efforts in real estate finance and providing technical and strategic consultation to financial institutions and intermediaries. since 2019.
Age 64
Tenure 6 years
Professional MarksMBA
Address 4991 Lake Brook Drive, Glen Allen, VA, United States, 23060-9245
Phone804 217 5800
Webhttps://www.dynexcapital.com
Stevens most recently served as the President and CEO of the Mortgage Bankers Association for the past 7 years. In 2009, Mr. Stevens was called on to serve in the Obama Administration and, after being confirmed by the U.S. Senate, served as Assistant Secretary of Housing and Federal Housing Commissioner until 2011. Prior to this, Mr. Stevens held the position of President and Chief Operating Officer of the Long & Foster Companies, including the core real estate company and all affiliated businesses of mortgage, settlement services, and insurance. Prior to that, Mr. Stevens ran the national wholesale lending business as Executive Vice President for Wells Fargo Home Mortgage, and before that spent 7 years as the Senior Vice President and head of the singlefamily business at Freddie Mac.

David Stevens Latest Insider Activity

Tracking and analyzing the buying and selling activities of David Stevens against Dynex Capital stock is an integral part of due diligence when investing in Dynex Capital. David Stevens insider activity provides valuable insight into whether Dynex Capital is net buyers or sellers over its current business cycle. Note, Dynex Capital insiders must abide by specific rules, including filing SEC forms every time they buy or sell Dynex Capital'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Dynex Capital Management Efficiency

The company has Return on Asset (ROA) of 0.0157 % which means that for every $100 of assets, it generated a profit of $0.0157. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.1108 %, which means that it produced $0.1108 on every 100 dollars invested by current stockholders. Dynex Capital's management efficiency ratios could be used to measure how well Dynex Capital manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.01 in 2025. Return On Capital Employed is likely to rise to -0.0049 in 2025. At this time, Dynex Capital's Total Assets are fairly stable compared to the past year. Non Currrent Assets Other is likely to rise to about 7.1 B in 2025, whereas Non Current Assets Total are likely to drop slightly above 587.5 M in 2025.
Dynex Capital reports 7 B of total liabilities with total debt to equity ratio (D/E) of 4.03, which implies that the company may not be able to produce enough cash to satisfy its debt commitments. Dynex Capital has a current ratio of 0.28, implying that it has not enough working capital to pay out debt commitments in time. Note however, debt could still be an excellent tool for Dynex to invest in growth at high rates of return.

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Dynex Capital, Inc., a mortgage real estate investment trust, invests in mortgage-backed securities on a leveraged basis in the United States. The company was incorporated in 1987 and is headquartered in Glen Allen, Virginia. Dynex Capital operates under REITMortgage classification in the United States and is traded on New York Stock Exchange. It employs 19 people. Dynex Capital (DX) is traded on New York Stock Exchange in USA. It is located in 4991 Lake Brook Drive, Glen Allen, VA, United States, 23060-9245 and employs 22 people. Dynex Capital is listed under Mortgage Real Estate Investment Trusts (REITs) category by Fama And French industry classification.

Management Performance

Dynex Capital Leadership Team

Elected by the shareholders, the Dynex Capital's board of directors comprises two types of representatives: Dynex Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dynex. The board's role is to monitor Dynex Capital's management team and ensure that shareholders' interests are well served. Dynex Capital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Dynex Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jeffrey Childress, VP Controller
Joy Palmer, Independent Director
Robert CPA, COO, VP
Stephen Benedetti, Chief Financial Officer, Chief Operating Officer, Executive Vice President
David Stevens, Independent Director
Rebecca Imhof, Senior Controller
Valerie Mosley, Independent Director
Robert Salcetti, Independent Director
Michael Hughes, Independent Chairman of the Board
Byron Boston, President, Chief Executive Officer, Co-Chief Investment Officer, Director
Barry Igdaloff, Independent Director
Smriti CFA, President, CoCEO
Wayne Brockwell, Senior Portfolio
Julia Coronado, Independent Director
Alison Griffin, Vice President, Investor Relations
Smriti Popenoe, Executive Vice President, Chief Investment Officer
Harman Sahni, Chief Officer
Robert Nilson, Chief Officer
CMT CFA, Chief Officer
Terrence CFA, Head Research

Dynex Stock Performance Indicators

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