Zacks: Orchid Island Capital Inc (NYSE:ORC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Orchid Island Capital Inc (NYSE:ORC) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Zacks has also given Orchid Island Capital an industry rank of 15 out of 256 based on the ratings given to related companies.

A number of research analysts have recently weighed in on the stock. ValuEngine cut shares of Orchid Island Capital from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a research note on Tuesday.

Shares of Orchid Island Capital stock traded up $0.08 on Friday, hitting $5.74. The company’s stock had a trading volume of 801 shares, compared to its average volume of 879,188. Orchid Island Capital has a 1 year low of $5.04 and a 1 year high of $7.55. The firm has a fifty day moving average price of $5.83 and a 200-day moving average price of $6.37. The company has a market capitalization of $316.15 million, a price-to-earnings ratio of 4.15 and a beta of 0.48.

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 16.72%. The ex-dividend date is Friday, September 27th. Orchid Island Capital’s dividend payout ratio (DPR) is 69.57%.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Orchid Island Capital by 3.3% in the 2nd quarter. BlackRock Inc. now owns 5,124,821 shares of the real estate investment trust’s stock worth $32,593,000 after purchasing an additional 165,309 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Orchid Island Capital by 72.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,181,602 shares of the real estate investment trust’s stock worth $26,595,000 after purchasing an additional 1,752,460 shares during the last quarter. Invesco Ltd. increased its position in shares of Orchid Island Capital by 1.0% in the 2nd quarter. Invesco Ltd. now owns 2,295,658 shares of the real estate investment trust’s stock worth $14,600,000 after purchasing an additional 22,413 shares during the last quarter. Northern Trust Corp increased its position in shares of Orchid Island Capital by 207.1% in the 2nd quarter. Northern Trust Corp now owns 1,684,121 shares of the real estate investment trust’s stock worth $10,711,000 after purchasing an additional 1,135,781 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Orchid Island Capital by 51.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,180,797 shares of the real estate investment trust’s stock worth $7,510,000 after purchasing an additional 398,797 shares during the last quarter. 34.74% of the stock is currently owned by hedge funds and other institutional investors.

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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