Orchid Island Capital (NYSE:ORC - Get Free Report) posted its earnings results on Thursday. The real estate investment trust reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05), Zacks reports. During the same period in the previous year, the company earned ($0.28) earnings per share.
Orchid Island Capital Stock Performance
NYSE ORC traded up $0.03 during trading on Friday, reaching $7.91. The company's stock had a trading volume of 2,375,938 shares, compared to its average volume of 1,599,797. The business's fifty day moving average price is $8.10 and its 200-day moving average price is $8.29. Orchid Island Capital has a twelve month low of $5.90 and a twelve month high of $9.08. The firm has a market cap of $564.30 million, a price-to-earnings ratio of -9.09 and a beta of 1.85.
Orchid Island Capital Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 18.20%. The ex-dividend date is Thursday, October 31st. Orchid Island Capital's payout ratio is currently -165.52%.
Analyst Ratings Changes
Separately, JMP Securities reaffirmed a "market perform" rating on shares of Orchid Island Capital in a research report on Wednesday, August 28th.
Read Our Latest Analysis on Orchid Island Capital
About Orchid Island Capital
(
Get Free Report)
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.
Further Reading
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