Orchid Island Capital Inc. (ORC) Hits New 12-Month High at $11.10
Orchid Island Capital Inc. (NYSE:ORC)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $11.10 and last traded at $11.07, with a volume of 603,226 shares changing hands. The stock had previously closed at $10.85.
Several equities analysts have recently weighed in on the stock. National Securities restated a “buy” rating and set a $11.00 price objective (down previously from $12.00) on shares of Orchid Island Capital in a research report on Monday, May 2nd. Zacks Investment Research upgraded shares of Orchid Island Capital from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Thursday, May 5th. Finally, TheStreet upgraded shares of Orchid Island Capital from a “sell” rating to a “hold” rating in a report on Thursday.
The company has a 50-day moving average of $10.54 and a 200 day moving average of $10.04. The stock has a market capitalization of $250.32 million and a P/E ratio of 930.00.
Orchid Island Capital (NYSE:ORC) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.29 earnings per share (EPS) for the quarter. On average, equities analysts predict that Orchid Island Capital Inc. will post $0.13 EPS for the current year.
The firm also recently declared a monthly dividend, which was paid on Friday, July 29th. Investors of record on Wednesday, July 27th were issued a $0.14 dividend. The ex-dividend date was Monday, July 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 15.05%.
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.