Orchid Island Capital (NYSE:ORC) Posts Quarterly Earnings Results, Meets Expectations

by · The Markets Daily

Orchid Island Capital (NYSE:ORC – Get Free Report) posted its quarterly earnings data on Thursday. The real estate investment trust reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05), Zacks reports. During the same quarter last year, the business posted ($0.28) earnings per share.

Orchid Island Capital Stock Performance

Shares of ORC stock traded up $0.03 during trading on Friday, hitting $7.91. 2,375,938 shares of the company were exchanged, compared to its average volume of 1,599,797. The business’s 50-day simple moving average is $8.10 and its 200 day simple moving average 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 capitalization of $564.30 million, a price-to-earnings ratio of -9.09 and a beta of 1.85.

Orchid Island Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 18.20%. The ex-dividend date is Thursday, October 31st. Orchid Island Capital’s dividend payout ratio (DPR) is -165.52%.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market perform” rating on shares of Orchid Island Capital in a report on Wednesday, August 28th.

Check Out Our Latest Analysis on ORC

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.

Recommended Stories