Recent Research Analysts’ Ratings Changes for Orchid Island Capital (ORC)

Orchid Island Capital (NYSE: ORC) has recently received a number of price target changes and ratings updates:

  • 4/8/2022 – Orchid Island Capital was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities the principal and interest payments of which are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The Company intends to qualify and will elect to be taxed as a REIT commencing with its taxable year ending December 31, 2013. Orchid Island Capital, Inc. is based in United States. “
  • 3/31/2022 – Orchid Island Capital was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities the principal and interest payments of which are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The Company intends to qualify and will elect to be taxed as a REIT commencing with its taxable year ending December 31, 2013. Orchid Island Capital, Inc. is based in United States. “
  • 3/31/2022 – Orchid Island Capital is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
  • 3/25/2022 – Orchid Island Capital was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities the principal and interest payments of which are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The Company intends to qualify and will elect to be taxed as a REIT commencing with its taxable year ending December 31, 2013. Orchid Island Capital, Inc. is based in United States. “
  • 3/17/2022 – Orchid Island Capital was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities the principal and interest payments of which are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The Company intends to qualify and will elect to be taxed as a REIT commencing with its taxable year ending December 31, 2013. Orchid Island Capital, Inc. is based in United States. “
  • 3/3/2022 – Orchid Island Capital was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities the principal and interest payments of which are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The Company intends to qualify and will elect to be taxed as a REIT commencing with its taxable year ending December 31, 2013. Orchid Island Capital, Inc. is based in United States. “
  • 2/25/2022 – Orchid Island Capital was downgraded by analysts at Jonestrading from a “buy” rating to a “hold” rating.

Shares of NYSE:ORC traded up $0.01 during midday trading on Monday, reaching $3.07. 45,466 shares of the company’s stock traded hands, compared to its average volume of 4,456,543. The company has a market cap of $543.37 million, a price-to-earnings ratio of -5.29 and a beta of 1.34. Orchid Island Capital, Inc. has a one year low of $2.98 and a one year high of $6.22. The stock has a 50 day moving average of $3.49 and a 200 day moving average of $4.26.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 27th. Stockholders of record on Thursday, March 31st will be issued a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 17.59%. The ex-dividend date of this dividend is Wednesday, March 30th. Orchid Island Capital’s payout ratio is currently -93.10%.

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in shares of Orchid Island Capital by 25.1% during the third quarter. Victory Capital Management Inc. now owns 17,279 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 3,469 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Orchid Island Capital by 21.0% during the third quarter. Amalgamated Bank now owns 16,116 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 2,796 shares in the last quarter. BlackRock Inc. lifted its holdings in Orchid Island Capital by 19.3% in the third quarter. BlackRock Inc. now owns 10,985,315 shares of the real estate investment trust’s stock valued at $53,719,000 after acquiring an additional 1,779,939 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in Orchid Island Capital in the third quarter worth about $606,000. Finally, Credit Suisse AG grew its stake in shares of Orchid Island Capital by 22.6% during the 3rd quarter. Credit Suisse AG now owns 706,416 shares of the real estate investment trust’s stock valued at $3,454,000 after purchasing an additional 130,006 shares during the period. 25.24% of the stock is currently owned by hedge funds and other institutional investors.

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.

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