Zacks: Orchid Island Capital Inc (ORC) Given Average Rating of “Hold” by Analysts

Shares of Orchid Island Capital Inc (NYSE:ORC) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Orchid Island Capital’s rating score has declined by 200% from 90 days ago as a result of a number of analysts’ ratings changes.

Zacks has also assigned Orchid Island Capital an industry rank of 24 out of 257 based on the ratings given to its competitors.

Several equities analysts have commented on the company. Zacks Investment Research upgraded Orchid Island Capital from a “sell” rating to a “hold” rating in a report on Saturday. ValuEngine upgraded Orchid Island Capital from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Finally, LADENBURG THALM/SH SH downgraded Orchid Island Capital from a “buy” rating to a “neutral” rating in a report on Friday, October 26th.

NYSE:ORC opened at $6.59 on Friday. Orchid Island Capital has a 52 week low of $6.29 and a 52 week high of $9.63. The company has a market capitalization of $342.94 million, a P/E ratio of 7.85 and a beta of 0.37.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings results on Friday, October 26th. The real estate investment trust reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.42). Analysts expect that Orchid Island Capital will post 1.44 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Thursday, January 10th. Investors of record on Monday, December 31st will be given a $0.08 dividend. The ex-dividend date is Friday, December 28th. This represents a $0.96 annualized dividend and a yield of 14.57%. Orchid Island Capital’s dividend payout ratio (DPR) is currently 114.29%.

A number of hedge funds have recently modified their holdings of ORC. BlackRock Inc. lifted its holdings in shares of Orchid Island Capital by 5.3% during the third quarter. BlackRock Inc. now owns 5,237,537 shares of the real estate investment trust’s stock valued at $37,973,000 after acquiring an additional 263,279 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Orchid Island Capital by 0.6% during the third quarter. Vanguard Group Inc. now owns 2,621,675 shares of the real estate investment trust’s stock valued at $19,007,000 after acquiring an additional 16,762 shares during the period. Vanguard Group Inc lifted its holdings in shares of Orchid Island Capital by 0.6% during the third quarter. Vanguard Group Inc now owns 2,621,675 shares of the real estate investment trust’s stock valued at $19,007,000 after acquiring an additional 16,762 shares during the period. Northern Trust Corp lifted its holdings in shares of Orchid Island Capital by 11.7% during the second quarter. Northern Trust Corp now owns 587,816 shares of the real estate investment trust’s stock valued at $4,420,000 after acquiring an additional 61,473 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Orchid Island Capital during the third quarter valued at $2,982,000. 33.85% of the stock is owned by hedge funds and other institutional investors.

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 are backed primarily by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS; and structured Agency RMBS, including collateralized mortgage obligations, interest only securities, inverse interest only securities, and principal only securities.

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