Orchid Island Capital, Inc. (NYSE:ORC - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $5.89 and last traded at $5.99, with a volume of 500208 shares traded. The stock had previously closed at $6.17.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on ORC. JMP Securities reiterated a "market perform" rating on shares of Orchid Island Capital in a research report on Thursday, January 23rd. StockNews.com downgraded shares of Orchid Island Capital from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th.
Check Out Our Latest Stock Analysis on ORC
Orchid Island Capital Stock Up 1.5 %
The stock has a market cap of $580.29 million, a PE ratio of 10.37 and a beta of 1.68. The business's 50-day simple moving average is $7.99 and its 200-day simple moving average is $7.93.
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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.08. As a group, equities research analysts anticipate that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current fiscal year.
Orchid Island Capital Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Wednesday, April 30th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.44 dividend on an annualized basis and a yield of 23.15%. Orchid Island Capital's dividend payout ratio (DPR) is 240.00%.
Institutional Trading of Orchid Island Capital
A number of hedge funds have recently modified their holdings of ORC. Charles Schwab Investment Management Inc. lifted its position in Orchid Island Capital by 13.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 663,655 shares of the real estate investment trust's stock valued at $5,163,000 after acquiring an additional 77,435 shares during the period. State Street Corp increased its stake in shares of Orchid Island Capital by 13.0% during the third quarter. State Street Corp now owns 1,073,495 shares of the real estate investment trust's stock valued at $8,952,000 after purchasing an additional 123,239 shares in the last quarter. Barclays PLC boosted its position 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 worth $773,000 after purchasing an additional 75,557 shares in the last quarter. Geode Capital Management LLC grew its stake 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 worth $13,566,000 after buying an additional 421,718 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Orchid Island Capital during the 4th quarter valued at approximately $646,000. Institutional investors own 32.74% of the company's stock.
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.
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