Orchid Island Capital (NYSE:ORC – Get Rating) will release quarterly earnings data after market close on Thursday, April 28. Parties interested in participating in the company’s conference call can do so using this link.
ORC opened at $2.98 on Thursday. The company has a market capitalization of $527.81 million, a PE ratio of -5.14 and a beta of 1.34. The stock has a 50-day moving average of $3.34 and a 200-day moving average of $4.15. Orchid Island Capital has a 52-week low of $2.86 and a 52-week high of $5.86.
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 27. Investors of record on Friday, April 29 will receive a dividend of $0.045 per share. The ex-date of this dividend is Thursday, April 28. This represents an annualized dividend of $0.54 and a dividend yield of 18.12%. Orchid Island Capital’s dividend payout ratio is currently -93.10%.
A number of analysts have commented on ORC shares. Zacks Investment Research downgraded Orchid Island Capital from a “hold” rating to a “sell” rating in a Friday, April 8 research report. JMP Securities began covering Orchid Island Capital in a research report on Wednesday, January 12. They set a “market performance” rating for the company. Jonestrading downgraded Orchid Island Capital from a “buy” rating to a “hold” rating in a research report on Friday, February 25. Finally, StockNews.com launched coverage on Orchid Island Capital in a Thursday, March 31 report. They set a “sell” rating for the company. Two investment analysts gave the stock a sell rating and two gave the stock a hold rating. According to MarketBeat, Orchid Island Capital currently has a consensus rating of “Hold” and an average target price of $4.25.
Several hedge funds and other institutional investors have recently increased or reduced their stake in ORC. BlackRock Inc. increased its stake in shares of Orchid Island Capital by 13.6% in the 4th quarter. BlackRock Inc. now owns 12,474,516 shares of the real estate investment trust valued at $56,135,000 after purchasing an additional 1,489,201 shares during the period. Morgan Stanley increased its stake in shares of Orchid Island Capital by 424.8% in the second quarter. Morgan Stanley now owns 923,573 shares of the real estate investment trust worth $4,794,000 after purchasing an additional 747,586 shares during the period. Geode Capital Management LLC increased its stake in shares of Orchid Island Capital by 35.5% in the 4th quarter. Geode Capital Management LLC now owns 2,613,636 shares of the real estate investment trust valued at $11,761,000 after purchasing an additional 684,672 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Orchid Island Capital by 836.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 531,597 shares of the real estate investment trust worth $2,392,000 after purchasing an additional 474,832 shares during the period. Finally, Millennium Management LLC acquired a new equity stake in Orchid Island Capital in Q4 worth $2,119,000. 25.24% of the shares are held by institutional investors.
Orchid Island Capital Company Profile (Get an assessment)
Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The Company’s RMBS is backed by single-family residential mortgages, referred to as Agency RMBS. Its portfolio includes traditional transfer agency RMBS, such as mortgage transfer certificates and secured mortgage bonds; and structured agency RMBS comprising interest only securities, inverse interest only securities and principal only securities.
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