Orchid Island Capital Inc (NYSE:ORC) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Zacks has also assigned Orchid Island Capital an industry rank of 16 out of 256 based on the ratings given to its competitors.
Several research firms recently issued reports on ORC. ValuEngine cut Orchid Island Capital from a “sell” rating to a “strong sell” rating in a report on Monday, April 1st. Zacks Investment Research cut Orchid Island Capital from a “buy” rating to a “sell” rating in a report on Tuesday, March 5th.
Institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC boosted its holdings in Orchid Island Capital by 1,245.0% during the fourth quarter. Millennium Management LLC now owns 303,829 shares of the real estate investment trust’s stock worth $1,941,000 after buying an additional 281,240 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Orchid Island Capital by 255.3% during the fourth quarter. SG Americas Securities LLC now owns 75,090 shares of the real estate investment trust’s stock worth $480,000 after buying an additional 53,954 shares during the last quarter. Cetera Advisors LLC boosted its holdings in Orchid Island Capital by 17.6% during the fourth quarter. Cetera Advisors LLC now owns 169,700 shares of the real estate investment trust’s stock worth $1,084,000 after buying an additional 25,433 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Orchid Island Capital by 0.6% during the third quarter. Vanguard Group Inc. now owns 2,621,675 shares of the real estate investment trust’s stock worth $19,007,000 after buying an additional 16,762 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Orchid Island Capital by 0.3% during the fourth quarter. Northern Trust Corp now owns 592,412 shares of the real estate investment trust’s stock worth $3,785,000 after buying an additional 1,647 shares during the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.
Orchid Island Capital stock traded down $0.02 during mid-day trading on Friday, hitting $6.22. The stock had a trading volume of 19,580 shares, compared to its average volume of 399,378. The stock has a market cap of $320.55 million, a price-to-earnings ratio of 4.52 and a beta of 0.43. Orchid Island Capital has a 12 month low of $5.83 and a 12 month high of $8.35.
Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Research analysts predict that Orchid Island Capital will post 0.95 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 15.43%. The ex-dividend date of this dividend is Thursday, May 30th. Orchid Island Capital’s dividend payout ratio (DPR) is currently 69.57%.
Orchid Island Capital Company Profile
Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS are backed primarily by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS; and structured Agency RMBS, including collateralized mortgage obligations, interest only securities, inverse interest only securities, and principal only securities.
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