Orchid Island Capital Inc. (ORC) Stock Price Up 1%
Orchid Island Capital Inc. (NYSE:ORC)’s share price rose 1% during mid-day trading on Tuesday . The stock traded as high as $10.90 and last traded at $10.88, with a volume of 186,171 shares trading hands. The stock had previously closed at $10.77.
ORC has been the subject of several research analyst reports. Zacks Investment Research raised shares of Orchid Island Capital from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Thursday, May 5th. National Securities reissued a “buy” rating and issued a $11.00 price target (down previously from $12.00) on shares of Orchid Island Capital in a report on Monday, May 2nd.
The firm has a 50-day moving average price of $10.44 and a 200 day moving average price of $9.99. The company’s market capitalization is $238.52 million.
Orchid Island Capital (NYSE:ORC) last issued its earnings results on Wednesday, April 27th. The company reported ($0.21) earnings per share for the quarter. On average, equities research analysts predict that Orchid Island Capital Inc. will post $0.13 earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Friday, July 29th. Shareholders of record on Wednesday, July 27th will be given a $0.14 dividend. The ex-dividend date is Monday, July 25th. This represents a $1.68 dividend on an annualized basis and a yield of 15.30%.
Orchid Island Capital, Inc (Orchid) is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.