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

7.81

Mkt cap

616M

Volume

999K

High

7.88

P/E Ratio

6.43

52-wk high

9.08

Low

7.81

Div yield

0.18

52-wk low

7.29

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

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:27 pm

Orchid Island Cap (NYSE:ORC) has seen a decrease in short interest, with 3.98 million shares sold short, representing 7.77% of its float. This is a decrease of 9.23% from its last report, taking an average of 4.62 days to cover short positions. Short interest is a key indicator of market sentiment, and a decrease suggests a more bullish outlook among investors. ORC's short interest is higher than its peer group average of 6.24%, indicating more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:00 pm

Orchid Island Cap (NYSE:ORC) announced a monthly dividend of 12 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning ORC by the end of Monday are eligible for the dividend, payable on March 26, 2024. The stock is expected to open 12 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:45 pm

Orchid Island Cap (NYSE:ORC) reported Q4 earnings, beating estimates with an EPS of $-0.13 against an expected $-0.25, despite a revenue decrease of $5.17 million from the previous year. The company had previously missed EPS estimates last quarter, leading to a 3.43% share price drop. Historical performance shows fluctuating EPS and revenue over the past quarters. Management provided positive guidance for Q4 2023, expecting earnings between $0.52 and $0.52 per share.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 9:40 pm

Orchid Island Capital (ORC) reported Q4 adjusted EPS of $(0.13), surpassing the $(0.25) estimate, and sales of $(2.79M), exceeding the $(10.28M) estimate. This represents a significant decrease in performance compared to the same period last year.

Portfolio Pulse from mahesh@benzinga.com

February 01, 2024 | 9:36 pm

Numerous companies are scheduled to report their quarterly earnings on February 1, 2024, covering a wide range of industries from technology to healthcare. Notable mentions include Apple, Amazon, Meta Platforms, and Shell, with expectations set for both earnings per share and revenue. This diverse earnings report day will provide investors with significant insights into various sectors' performance.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 10:03 am

Invesco Mortgage Capital (NYSE:IVR) is set to pay a dividend of $0.40 per share today, with an annualized yield of 17.60%. The dividend has grown from $0.36 to $1.60 per share from 2021 to 2023, and earnings per share have increased from $-9.40 to $5.92, indicating strong financial health and potential for continued profit distribution to shareholders. IVR outperforms Orchid Island Capital (NYSE:ORC) in dividend yield, which stands at 16.65%.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 3:05 pm

Orchid Island Capital's (NYSE:ORC) short interest has decreased by 4.09% since the last report, with 3.00 million shares sold short, representing 5.86% of available shares. The average time to cover these short positions is 2.96 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. ORC has a higher short interest compared to its peer group average of 2.98%.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 2:30 pm

Starwood Prop Trust (NYSE:STWD) maintains its dividend payout at $0.48 per share, resulting in an 8.84% annualized yield. The company has shown consistent dividend payments and a slight increase in earnings per share from $1.95 to $1.97 from 2020 to 2023. Starwood's financial health appears stable, with a steady dividend policy, which is positive for income-seeking investors. Its peer, Orchid Island Cap (NYSE:ORC), has a higher annualized dividend yield of 16.61%.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 3:05 pm

Orchid Island Capital reported an estimated Q4 EPS of $0.52, which includes $0.65 per share from net realized and unrealized gains on RMBS and derivative instruments.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:36 pm

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