Shares of Orchid Island Capital Inc (NYSE:ORC) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Zacks has also given Orchid Island Capital an industry rank of 96 out of 254 based on the ratings given to related companies.

Several brokerages have recently weighed in on ORC. TheStreet cut shares of Orchid Island Capital from a “c-” rating to a “d” rating in a research note on Friday, May 1st. Zacks Investment Research downgraded shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, ValuEngine downgraded shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, April 1st.

Hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in Orchid Island Capital in the 4th quarter worth $3,218,000. Nuveen Asset Management LLC increased its holdings in shares of Orchid Island Capital by 1.2% in the fourth quarter. Nuveen Asset Management LLC now owns 219,130 shares of the real estate investment trust’s stock worth $1,282,000 after purchasing an additional 2,577 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Orchid Island Capital by 3.3% in the fourth quarter. Rhumbline Advisers now owns 93,513 shares of the real estate investment trust’s stock worth $547,000 after purchasing an additional 2,972 shares during the last quarter. Aperio Group LLC boosted its stake in Orchid Island Capital by 22.0% during the first quarter. Aperio Group LLC now owns 22,904 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 4,134 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in Orchid Island Capital by 29.0% during the first quarter. Citigroup Inc. now owns 20,734 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 4,666 shares during the last quarter. Hedge funds and other institutional investors own 39.52% of the company’s stock.

Shares of Orchid Island Capital stock traded down $0.15 on Friday, hitting $4.52. 2,505,844 shares of the company’s stock were exchanged, compared to its average volume of 1,059,814. The company has a 50-day simple moving average of $4.16 and a 200-day simple moving average of $4.90. The stock has a market capitalization of $299.39 million, a PE ratio of -3.80 and a beta of 1.30. Orchid Island Capital has a 1 year low of $1.53 and a 1 year high of $6.94.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported ($1.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($1.64). Equities research analysts predict that Orchid Island Capital will post 0.76 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $0.66 annualized dividend and a dividend yield of 14.60%. Orchid Island Capital’s payout ratio is 76.74%.

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 are backed primarily by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS; and structured Agency RMBS, including collateralized mortgage obligations, interest only securities, inverse interest only securities, and principal only securities.

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