Orchid Island Capital (NYSE:ORC - Get Free Report) released its earnings results on Thursday. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.08, Zacks reports.
Orchid Island Capital Stock Performance
Shares of NYSE ORC traded down $0.11 during midday trading on Monday, hitting $8.25. 5,053,387 shares of the stock traded hands, compared to its average volume of 3,022,804. Orchid Island Capital has a one year low of $7.41 and a one year high of $9.08. The business has a 50 day moving average price of $7.91 and a two-hundred day moving average price of $7.99. The company has a market cap of $658.36 million, a PE ratio of 13.74 and a beta of 1.83.
Orchid Island Capital Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, January 31st will be paid a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 17.47%. The ex-dividend date of this dividend is Friday, January 31st. Orchid Island Capital's dividend payout ratio (DPR) is currently 240.00%.
Analysts Set New Price Targets
Separately, JMP Securities reaffirmed a "market perform" rating on shares of Orchid Island Capital in a research report on Thursday, January 23rd.
Read Our Latest Research Report on Orchid Island Capital
About Orchid Island Capital
(
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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.
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