Orchid Island Capital (NYSE:ORC) Issues Q3 2021 Earnings Guidance

Orchid Island Capital (NYSE:ORC) updated its third quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of $0.200-$0.200 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.240. The company issued revenue guidance of -.

A number of brokerages have weighed in on ORC. TheStreet lowered Orchid Island Capital from a c- rating to a d rating in a report on Friday, July 30th. Jonestrading raised Orchid Island Capital from a sell rating to a hold rating in a research note on Friday, September 10th. Finally, Zacks Investment Research raised Orchid Island Capital from a strong sell rating to a hold rating in a research note on Tuesday, October 5th.

Shares of ORC opened at $5.03 on Thursday. The stock has a fifty day moving average of $5.01 and a two-hundred day moving average of $5.29. The company has a market capitalization of $694.42 million, a PE ratio of 35.79 and a beta of 1.29. Orchid Island Capital has a fifty-two week low of $4.80 and a fifty-two week high of $6.22.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings results on Thursday, July 29th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). As a group, research analysts anticipate that Orchid Island Capital will post 1 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 26th. Stockholders of record on Friday, October 29th will be issued a dividend of $0.065 per share. The ex-dividend date is Thursday, October 28th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 15.51%. Orchid Island Capital’s payout ratio is 65.00%.

An institutional investor recently raised its position in Orchid Island Capital stock. Royal Bank of Canada increased its holdings in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 45.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,327 shares of the real estate investment trust’s stock after purchasing an additional 8,545 shares during the period. Royal Bank of Canada’s holdings in Orchid Island Capital were worth $142,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 31.78% of the company’s stock.

Orchid Island Capital Company Profile

Orchid Island Capital, Inc operates as a specialty finance company, which engages in investing in residential mortgage-backed securities (RMBS). Its portfolio consists of traditional pass-through Agency RMBS and structured Agency RMBS. The traditional pass-through Agency RMBS include mortgage pass through certificates and collateralized mortgage obligations.

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