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.

Several institutional investors and hedge funds have recently modified their holdings of ORC. Millennium Management LLC grew its holdings in shares of Orchid Island Capital by 1,245.0% in the fourth quarter. Millennium Management LLC now owns 303,829 shares of the real estate investment trust’s stock worth $1,941,000 after acquiring an additional 281,240 shares during the period. IndexIQ Advisors LLC grew its holdings in shares of Orchid Island Capital by 595.6% in the first quarter. IndexIQ Advisors LLC now owns 272,615 shares of the real estate investment trust’s stock worth $1,794,000 after acquiring an additional 233,423 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Orchid Island Capital in the second quarter worth $344,000. Nisa Investment Advisors LLC bought a new stake in shares of Orchid Island Capital in the first quarter worth $356,000. Finally, Geode Capital Management LLC grew its holdings in shares of Orchid Island Capital by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 568,773 shares of the real estate investment trust’s stock worth $3,634,000 after acquiring an additional 31,436 shares during the period. 31.90% of the stock is owned by institutional investors.

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.

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