Zacks: Orchid Island Capital Inc (ORC) Receives Consensus Rating of “Hold” from Analysts

Shares of Orchid Island Capital Inc (NYSE:ORC) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also given Orchid Island Capital an industry rank of 206 out of 256 based on the ratings given to related companies.

Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Orchid Island Capital from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Zacks Investment Research upgraded shares of Orchid Island Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 30th.

Several large investors have recently bought and sold shares of ORC. Renaissance Technologies LLC acquired a new stake in shares of Orchid Island Capital during the third quarter worth $2,982,000. Millennium Management LLC lifted its stake in shares of 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 period. BlackRock Inc. lifted its stake in shares of Orchid Island Capital by 5.3% during the third quarter. BlackRock Inc. now owns 5,237,537 shares of the real estate investment trust’s stock worth $37,973,000 after buying an additional 263,279 shares during the period. Nisa Investment Advisors LLC acquired a new stake in shares of Orchid Island Capital during the first quarter worth $356,000. Finally, SG Americas Securities LLC lifted its stake in shares of 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 period. Institutional investors and hedge funds own 34.93% of the company’s stock.

Shares of ORC opened at $6.54 on Friday. The company has a market capitalization of $335.96 million, a price-to-earnings ratio of 4.74 and a beta of 0.40. Orchid Island Capital has a twelve month low of $5.83 and a twelve month high of $8.35.

Orchid Island Capital (NYSE:ORC) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). Equities research analysts anticipate that Orchid Island Capital will post 0.95 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, April 29th. This represents a $0.96 annualized dividend and a dividend yield of 14.68%. Orchid Island Capital’s payout ratio is currently 69.57%.

About Orchid Island Capital

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.

Featured Article: Back-End Load

Get a free copy of the Zacks research report on Orchid Island Capital (ORC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Orchid Island Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orchid Island Capital and related companies with MarketBeat.com's FREE daily email newsletter.