Streetbeat News

ORC

Orchid Island Capital, Inc.

https://www.orchidislandcapital.com

Industry

REIT - Mortgage

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. The company qualifies as a real estate investment trust for federal income tax purposes. Orchid Island Capital, Inc. was incorporated in 2010 and is based in Vero Beach, Florida.

Open

8.04

Mkt cap

630M

Volume

1.2M

High

8.09

P/E Ratio

6.59

52-wk high

9.08

Low

8.01

Div yield

0.18

52-wk low

7.41

Orchid Island Capital reported a disappointing Q3 2024 with a 2.1% decrease in book value, contrary to expectations of a 0.8% increase. The decline was due to the strategy of purchasing higher coupon MBS and lack of new hedges. However, core earnings showed slight improvement.

Portfolio Pulse from

November 14, 2024 | 11:15 pm

Orchid Island Capital (NYSE:ORC) reported better-than-expected Q3 2024 results with an adjusted EPS of $(0.05), beating the $(0.07) estimate, and sales of $340,000, surpassing the $(1.403 million) estimate. This marks a significant improvement from the previous year's sales.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:37 pm

Orchid Island Cap (NYSE:ORC) is set to release its quarterly earnings on October 24, 2024. Analysts expect an EPS of $-0.07. The company's past performance shows mixed results, with a recent 26.75% increase in share price over the last year. Investors are keen on future projections.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 6:01 pm

Orchid Island Capital (NYSE: ORC) has seen a 12.94% decrease in its short percent of float, now at 4.71%. This is lower than its peers' average of 7.14%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 5:30 pm

JMP Securities analyst Trevor Cranston has reiterated a Market Perform rating on Orchid Island Capital (NYSE:ORC).

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 3:39 pm

Orchid Island Capital (NYSE: ORC) reported a Q2 2024 adjusted EPS of $(0.09), missing the $(0.07) estimate, but reported sales of $(697.000K), beating the $(2.945M) estimate. Sales increased by 92.04% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:14 pm

Janney Montgomery Scott has initiated coverage on Orchid Island Capital (NYSE:ORC) with a Buy rating and set a price target of $9.5.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:19 pm

Orchid Island Capital (ORC) reported Q1 2024 adjusted EPS of $(0.12), missing the $(0.09) estimate, but sales of $(2.490M) exceeded the $(3.227M) estimate, marking a 40.78% increase over the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:22 pm

JMP Securities analyst Trevor Cranston has reiterated a 'Market Perform' rating on Orchid Island Capital (ORC), indicating a neutral outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:59 pm

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