Orchid Island Capital, Inc. (NYSE:ORC - Get Free Report) saw strong trading volume on Friday . 3,129,667 shares traded hands during trading, an increase of 52% from the previous session's volume of 2,055,168 shares.The stock last traded at $7.68 and had previously closed at $7.95.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on ORC. StockNews.com cut shares of Orchid Island Capital from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. JMP Securities restated 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
Orchid Island Capital Price Performance
The stock has a market cap of $696.44 million, a PE ratio of 12.44 and a beta of 1.90. The business has a 50 day moving average price of $8.32 and a two-hundred day moving average price of $8.05.
Orchid Island Capital (NYSE:ORC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.08. On average, sell-side analysts forecast that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current fiscal year.
Orchid Island Capital Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Monday, March 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, March 31st. This represents a $1.44 dividend on an annualized basis and a yield of 19.29%. Orchid Island Capital's dividend payout ratio is presently 240.00%.
Institutional Investors Weigh In On Orchid Island Capital
A number of large investors have recently made changes to their positions in ORC. Russell Investments Group Ltd. raised its holdings in shares of Orchid Island Capital by 32.8% during the fourth quarter. Russell Investments Group Ltd. now owns 6,165 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 1,522 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Orchid Island Capital by 73.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,119 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 3,012 shares in the last quarter. McIlrath & Eck LLC bought a new position in Orchid Island Capital in the 3rd quarter worth $58,000. Proficio Capital Partners LLC purchased a new stake in shares of Orchid Island Capital in the 4th quarter worth about $82,000. Finally, Mariner LLC bought a new stake in shares of Orchid Island Capital during the 4th quarter valued at about $82,000. 32.74% of the stock is currently owned by institutional investors.
Orchid Island Capital Company Profile
(
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
Before you consider Orchid Island Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Orchid Island Capital wasn't on the list.
While Orchid Island Capital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
