Orchid Island Capital (NYSE:ORC) Upgraded at StockNews.com

StockNews.com upgraded shares of Orchid Island Capital (NYSE:ORC) from a sell rating to a hold rating in a report released on Monday morning.

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

Orchid Island Capital Price Performance

ORC stock opened at $8.84 on Monday. The stock has a market capitalization of $824.72 million, a price-to-earnings ratio of 14.73 and a beta of 1.83. The business’s fifty day moving average price is $8.14 and its two-hundred day moving average price is $8.04. Orchid Island Capital has a fifty-two week low of $7.41 and a fifty-two week high of $9.08.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. Research analysts expect that Orchid Island Capital will post 0.37 EPS for the current year.

Orchid Island Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.29%. The ex-dividend date is Friday, February 28th. Orchid Island Capital’s payout ratio is currently 240.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ORC. Russell Investments Group Ltd. grew its position in Orchid Island Capital by 32.8% in 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 acquiring an additional 1,522 shares during the last quarter. Tower Research Capital LLC TRC grew its position 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 during the last quarter. McIlrath & Eck LLC bought a new position in Orchid Island Capital in the third quarter valued at about $58,000. Proficio Capital Partners LLC bought a new position in Orchid Island Capital in the fourth quarter valued at about $82,000. Finally, Mariner LLC bought a new position in Orchid Island Capital in the fourth quarter valued at about $82,000. Institutional investors own 32.74% of the company’s stock.

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 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.