Dynex Capital (DX) vs Highwoods Properties (HIW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Highwoods Properties (HIW) has outperformed Dynex Capital (DX) over the past year, losing 7.6% versus a loss of 18.1%. Over five years, HIW leads with a -37.3% price change compared with -40.1% for DX. Highwoods Properties is the larger company by market cap ($3.25 billion vs $2.64 billion), about 1.2 times the size.
On valuation, Dynex Capital trades at a lower forward P/E (6.9x vs 41.3x for Highwoods Properties). Dynex Capital offers the higher dividend yield (19.17% vs 6.92%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | DX | HIW |
|---|---|---|
| Share price | $10.64 | $28.90 |
| Market cap | $2.64B | $3.25B |
| 1-day change | -0.61% | -0.99% |
| YTD return | -23.63% | +13.01% |
| 1-year return | -18.13% | -7.60% |
| 5-year return | -40.06% | -37.31% |
| P/E ratio (TTM) | 3.68 | 19.14 |
| Forward P/E | 6.91 | 41.29 |
| EPS (TTM) | $2.89 | $1.51 |
| Dividend yield | 19.17% | 6.92% |
| Annual dividend | $2.04 | $2.00 |
| Revenue (latest FY) | — | $806.11M |
| Revenue growth (YoY) | — | -2.39% |
| Net income (latest FY) | $319.07M | $162.65M |
| Operating margin | — | 67.58% |
| Net margin | — | 20.18% |
| 52-week high | $14.93 | $35.44 |
| 52-week low | $10.36 | $20.45 |
| Distance from 52-week high | -28.73% | -18.45% |
| Analyst consensus | buy | none |
| Avg. price target upside | +33.93% | +11.87% |
| Average volume | 6.27M | 1.24M |
| Shares outstanding | 248.17M | 110.31M |
| Employees | 28 | 315 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- HIW has outperformed DX by 10.5 percentage points over the past year.
- Highwoods Properties trades at a higher earnings multiple (19.1x vs 3.7x trailing P/E).
- Dynex Capital offers a meaningfully higher dividend yield (19.17% vs 6.92%).
About Dynex Capital
DX stock →Dynex Capital, Inc., a mortgage real estate investment trust, invests in residential and commercial mortgage-backed securities (MBS) in the United States. Agency MBS have a guaranty of principal payment by an agency of the U.S.
Real Estate · Real Estate Investment Trusts · 28 employees
About Highwoods Properties
HIW stock →Highwoods Properties, Inc. is a publicly traded fully integrated office real estate investment trust that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.
Real Estate · Real Estate Investment Trusts · 315 employees
DX vs HIW FAQ
Which is bigger, Dynex Capital or Highwoods Properties?
Highwoods Properties (HIW) is larger, with a market capitalization of $3.25B compared with $2.64B for Dynex Capital (DX).
Which stock has performed better over the past year, DX or HIW?
HIW returned -7.60% over the past 12 months, compared with -18.13% for DX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, DX or HIW?
DX has the lower trailing P/E at 3.7, versus 19.1 for HIW. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Dynex Capital or Highwoods Properties?
Dynex Capital has the higher yield at 19.17%, compared with 6.92% for Highwoods Properties.
Are Dynex Capital and Highwoods Properties in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.