Orchid Island Capital, Inc. (NYSE:ORC) Holdings Raised by Invesco Ltd.

Invesco Ltd. raised its stake in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 3,379.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,354,065 shares of the real estate investment trust's stock after purchasing an additional 2,286,405 shares during the period. Invesco Ltd. owned 2.95% of Orchid Island Capital worth $18,315,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State Street Corp grew its stake in Orchid Island Capital by 13.0% in the third quarter. State Street Corp now owns 1,073,495 shares of the real estate investment trust's stock worth $8,952,000 after purchasing an additional 123,239 shares in the last quarter. Barclays PLC increased its holdings in shares of Orchid Island Capital by 409.6% in the 3rd quarter. Barclays PLC now owns 94,005 shares of the real estate investment trust's stock valued at $773,000 after acquiring an additional 75,557 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Orchid Island Capital by 34.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,650,122 shares of the real estate investment trust's stock valued at $13,566,000 after acquiring an additional 421,718 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Orchid Island Capital during the 3rd quarter valued at approximately $58,000. Finally, Virtu Financial LLC bought a new position in Orchid Island Capital during the third quarter worth $152,000. Institutional investors and hedge funds own 32.74% of the company's stock.

Orchid Island Capital Stock Up 0.7 %

NYSE ORC traded up $0.05 during trading hours on Thursday, hitting $6.94. The company had a trading volume of 1,039,491 shares, compared to its average volume of 2,385,986. Orchid Island Capital, Inc. has a fifty-two week low of $5.69 and a fifty-two week high of $9.01. The firm has a market cap of $646.99 million, a P/E ratio of 11.56 and a beta of 1.68. The business has a fifty day simple moving average of $7.69 and a 200-day simple moving average of $7.84.

Orchid Island Capital (NYSE:ORC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.08. Equities analysts forecast that Orchid Island Capital, Inc. will post 0.37 EPS for the current fiscal year.

Orchid Island Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.44 annualized dividend and a dividend yield of 20.76%. Orchid Island Capital's dividend payout ratio is presently 240.00%.

Wall Street Analysts Forecast Growth

ORC has been the topic of a number of research reports. JMP Securities reissued a "market perform" rating on shares of Orchid Island Capital in a report on Thursday, January 23rd. StockNews.com cut shares of Orchid Island Capital from a "hold" rating to a "sell" rating in a report on Thursday, March 27th.

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 is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.