Orchid Island Capital (NYSE:ORC) Upgraded at StockNews.com

StockNews.com upgraded shares of Orchid Island Capital (NYSE:ORC) from a sell rating to a hold rating in a research report released on Wednesday.

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

Orchid Island Capital Price Performance

ORC stock opened at $8.23 on Wednesday. The company has a 50 day moving average price of $8.31 and a 200 day moving average price of $8.06. Orchid Island Capital has a fifty-two week low of $7.41 and a fifty-two week high of $9.08. The stock has a market capitalization of $767.34 million, a PE ratio of 13.71 and a beta of 1.90.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.08. As a group, equities analysts expect that Orchid Island Capital will post 0.37 earnings per share for the current fiscal year.

Orchid Island Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Monday, March 31st will be given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 17.51%. The ex-dividend date is Monday, March 31st. Orchid Island Capital’s payout ratio is presently 240.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ORC. State of Wyoming boosted its holdings in Orchid Island Capital by 622.2% in the 4th quarter. State of Wyoming now owns 48,815 shares of the real estate investment trust’s stock worth $380,000 after buying an additional 42,056 shares during the period. ProShare Advisors LLC lifted its stake in Orchid Island Capital by 63.8% in the 4th quarter. ProShare Advisors LLC now owns 22,162 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 8,633 shares in the last quarter. Millennium Management LLC lifted its stake in Orchid Island Capital by 1.1% in the 4th quarter. Millennium Management LLC now owns 309,480 shares of the real estate investment trust’s stock worth $2,408,000 after purchasing an additional 3,354 shares in the last quarter. Deutsche Bank AG lifted its stake in Orchid Island Capital by 17.6% in the 4th quarter. Deutsche Bank AG now owns 36,869 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 5,530 shares in the last quarter. Finally, Centiva Capital LP lifted its stake in Orchid Island Capital by 82.4% in the 4th quarter. Centiva Capital LP now owns 50,881 shares of the real estate investment trust’s stock worth $396,000 after purchasing an additional 22,987 shares in the last quarter. 32.74% of the stock is owned by institutional investors.

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.