Orchid Island Capital Inc (ORC) Receives Average Rating of “Hold” from Brokerages

Orchid Island Capital Inc (NYSE:ORC) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, 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% in the last 90 days as a result of a number of analysts’ ratings changes.

Zacks has also assigned Orchid Island Capital an industry rank of 109 out of 256 based on the ratings given to related companies.

ORC has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Orchid Island Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. ValuEngine upgraded shares of Orchid Island Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, LADENBURG THALM/SH SH cut shares of Orchid Island Capital from a “buy” rating to a “neutral” rating in a research note on Friday, October 26th.

A number of institutional investors have recently modified their holdings of the business. Voya Investment Management LLC raised its stake in Orchid Island Capital by 42.4% in the 2nd quarter. Voya Investment Management LLC now owns 20,914 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 6,231 shares in the last quarter. Rhumbline Advisers raised its stake in Orchid Island Capital by 17.3% in the 2nd quarter. Rhumbline Advisers now owns 50,944 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 7,530 shares in the last quarter. California Public Employees Retirement System raised its stake in Orchid Island Capital by 16.4% in the 2nd quarter. California Public Employees Retirement System now owns 56,909 shares of the real estate investment trust’s stock worth $428,000 after purchasing an additional 8,009 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Orchid Island Capital by 57.1% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 22,090 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 8,029 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Orchid Island Capital by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 202,006 shares of the real estate investment trust’s stock worth $1,519,000 after purchasing an additional 9,615 shares in the last quarter. Institutional investors and hedge funds own 33.81% of the company’s stock.

Shares of ORC traded down $0.01 during midday trading on Tuesday, reaching $6.77. The stock had a trading volume of 612,474 shares, compared to its average volume of 672,117. Orchid Island Capital has a one year low of $5.83 and a one year high of $9.09. The company has a market cap of $346.58 million, a PE ratio of 8.06 and a beta of 0.38.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings data on Friday, October 26th. The real estate investment trust reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). As a group, analysts expect that Orchid Island Capital will post 1.44 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Monday, December 31st will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 14.18%. The ex-dividend date of this dividend is Friday, December 28th. Orchid Island Capital’s dividend payout ratio (DPR) is 114.29%.

Orchid Island Capital Company Profile

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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