Orchid Island Capital (NYSE:ORC) is set to issue its Q4 quarterly earnings data after the market closes on Thursday, February 21st. Analysts expect the company to announce earnings of $0.33 per share for the quarter.
Shares of ORC stock opened at $7.10 on Thursday. The company has a market cap of $346.47 million, a price-to-earnings ratio of 8.45 and a beta of 0.43. Orchid Island Capital has a 12-month low of $5.83 and a 12-month high of $8.35.
The business also recently disclosed a monthly dividend, which was paid on Friday, February 8th. Shareholders of record on Thursday, January 31st were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, January 30th. This represents a $0.96 annualized dividend and a yield of 13.52%. Orchid Island Capital’s dividend payout ratio (DPR) is presently 114.29%.
ORC has been the subject of several research reports. LADENBURG THALM/SH SH downgraded shares of Orchid Island Capital from a “buy” rating to a “neutral” rating in a research report on Friday, October 26th. ValuEngine upgraded shares of Orchid Island Capital from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research upgraded shares of Orchid Island Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th.
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.
Featured Story: How Short Selling Works
Receive News & Ratings for Orchid Island Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orchid Island Capital and related companies with MarketBeat.com's FREE daily email newsletter.