Orchid Island Capital (NYSE:ORC) Issues Earnings Results

Orchid Island Capital (NYSE:ORC) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08, Zacks reports.

Orchid Island Capital Trading Up 2.0 %

NYSE:ORC traded up $0.16 during trading hours on Thursday, hitting $8.04. 4,418,890 shares of the stock traded hands, compared to its average volume of 2,600,156. Orchid Island Capital has a fifty-two week low of $7.41 and a fifty-two week high of $9.08. The firm has a market cap of $641.59 million, a price-to-earnings ratio of 7.65 and a beta of 1.82. The firm has a 50 day moving average price of $7.89 and a 200 day moving average price of $8.00.

Orchid Island Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, January 31st will be paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 17.92%. The ex-dividend date of this dividend is Friday, January 31st. Orchid Island Capital’s dividend payout ratio is 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.

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 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.