Orchid Island Capital (NYSE:ORC) is set to release its Q4 earnings data after the market closes on Thursday, February 21st. Analysts expect Orchid Island Capital to post earnings of $0.33 per share for the quarter.
Shares of NYSE ORC opened at $7.10 on Thursday. The stock has a market capitalization of $346.47 million, a PE ratio of 8.45 and a beta of 0.43. Orchid Island Capital has a fifty-two week low of $5.83 and a fifty-two week high of $8.35.
The business also recently disclosed a monthly dividend, which was paid on Friday, February 8th. Stockholders of record on Thursday, January 31st were issued a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 13.52%. The ex-dividend date of this dividend was Wednesday, January 30th. Orchid Island Capital’s payout ratio is 114.29%.
Several brokerages have recently weighed in on ORC. Zacks Investment Research upgraded Orchid Island Capital from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. ValuEngine upgraded Orchid Island Capital from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Finally, LADENBURG THALM/SH SH cut Orchid Island Capital from a “buy” rating to a “neutral” rating in a report on Friday, October 26th.
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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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