Orchid Island Capital (NYSE:ORC) Announces Earnings Results

Orchid Island Capital (NYSE:ORC) released its 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 company has a market capitalization of $667.15 million, a price-to-earnings ratio of 7.96 and a beta of 1.82. The company’s fifty day moving average price is $7.90 and its two-hundred day moving average price is $8.00. Orchid Island Capital has a one year low of $7.41 and a one year high of $9.08.

Orchid Island Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Friday, January 31st will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 17.24%. The ex-dividend date is Friday, January 31st. Orchid Island Capital’s payout ratio is currently 137.14%.

Analyst Ratings Changes

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

About Orchid Island Capital

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.