Dynex Capital, Inc. (NYSE: DX ) , a mortgage REIT currently yielding near 17% is covered in today's analysis. The objective of our coverage derives from three factors, namely, explaining Dynex's strategy, suggesting why its yield shouldn't be looked at in isolation, and providing ideas onPearl Gray is a proprietary investment fund and independent market research firm specialising in systematic analysis.Our latest work on SA primarily covers: Bonds, Preferreds, REITs, with an occasional drift.Primary Sectors ...