Orchid Island Capital (NYSE:ORC) Releases Earnings Results

Orchid Island Capital (NYSE:ORC) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08, Zacks reports.

Orchid Island Capital Price Performance

Orchid Island Capital stock opened at $8.36 on Friday. The stock’s 50 day moving average is $7.90 and its 200 day moving average is $8.00. Orchid Island Capital has a one year low of $7.41 and a one year high of $9.08. The firm has a market cap of $667.15 million, a P/E ratio of 7.96 and a beta of 1.82.

Orchid Island Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, January 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.24%. Orchid Island Capital’s dividend payout ratio (DPR) is 137.14%.

Analysts Set New Price Targets

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

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.