Orchid Island Capital (NYSE:ORC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Orchid Island Capital (NYSE:ORC - Free Report) from a sell rating to a hold rating in a research note published on Wednesday.

Separately, JMP Securities reaffirmed a "market perform" rating on shares of Orchid Island Capital in a research report on Thursday, January 23rd.

Orchid Island Capital Stock Performance

NYSE ORC traded down $0.01 on Wednesday, reaching $8.23. 3,205,182 shares of the stock traded hands, compared to its average volume of 2,040,529. Orchid Island Capital has a 12 month low of $7.41 and a 12 month high of $9.08. The company has a market cap of $767.34 million, a price-to-earnings ratio of 13.71 and a beta of 1.90. The company has a fifty day moving average price of $8.31 and a 200-day moving average price of $8.06.

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, beating the consensus estimate of ($0.03) by $0.08. As a group, research analysts anticipate that Orchid Island Capital will post 0.37 earnings per share for the current fiscal year.

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Orchid Island Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Monday, March 31st will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 17.51%. The ex-dividend date is Monday, March 31st. Orchid Island Capital's payout ratio is 240.00%.

Institutional Investors Weigh In On Orchid Island Capital

A number of institutional investors have recently added to or reduced their stakes in ORC. Russell Investments Group Ltd. lifted its position 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 buying an additional 1,522 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in Orchid Island Capital during the third quarter valued at approximately $58,000. Tower Research Capital LLC TRC boosted its stake in Orchid Island Capital by 73.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,119 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 3,012 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Orchid Island Capital in the fourth quarter valued at approximately $82,000. Finally, Mariner LLC purchased a new position in Orchid Island Capital in the fourth quarter worth $82,000. Institutional investors own 32.74% of the company's stock.

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.