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.
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.
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