Orchid Island Capital Inc (NYSE:ORC) Receives Consensus Recommendation of “Hold” from Analysts
Orchid Island Capital Inc (NYSE:ORC) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Zacks has also assigned Orchid Island Capital an industry rank of 53 out of 256 based on the ratings given to related companies.
A number of research firms have commented on ORC. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.
Shares of Orchid Island Capital stock traded up $0.06 on Friday, reaching $6.47. The company’s stock had a trading volume of 365,829 shares, compared to its average volume of 527,044. The company has a market cap of $329.28 million, a P/E ratio of 4.69 and a beta of 0.45. The company’s fifty day moving average price is $6.34. Orchid Island Capital has a 52 week low of $5.83 and a 52 week high of $8.35.
Orchid Island Capital (NYSE:ORC) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01). On average, equities analysts predict that Orchid Island Capital will post 0.95 earnings per share for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.84%. The ex-dividend date of this dividend is Thursday, June 27th. Orchid Island Capital’s payout ratio is 69.57%.
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 Article: Why do company’s buyback their stock?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.