Northern Trust Corp Increases Holdings in Orchid Island Capital, Inc. (NYSE:ORC)

Northern Trust Corp lifted its position in shares of Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 16.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 682,491 shares of the real estate investment trust's stock after acquiring an additional 98,030 shares during the quarter. Northern Trust Corp owned approximately 0.85% of Orchid Island Capital worth $5,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Orchid Island Capital by 12.1% in the 4th quarter. Vanguard Group Inc. now owns 4,238,780 shares of the real estate investment trust's stock worth $32,978,000 after purchasing an additional 456,209 shares during the period. Invesco Ltd. boosted its stake in Orchid Island Capital by 3,379.3% in the 4th quarter. Invesco Ltd. now owns 2,354,065 shares of the real estate investment trust's stock worth $18,315,000 after purchasing an additional 2,286,405 shares during the period. Geode Capital Management LLC boosted its stake in Orchid Island Capital by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 1,827,479 shares of the real estate investment trust's stock worth $14,221,000 after purchasing an additional 177,357 shares during the period. Van ECK Associates Corp boosted its stake in Orchid Island Capital by 12.5% in the 4th quarter. Van ECK Associates Corp now owns 782,255 shares of the real estate investment trust's stock worth $6,086,000 after purchasing an additional 87,124 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Orchid Island Capital by 13.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 663,655 shares of the real estate investment trust's stock worth $5,163,000 after purchasing an additional 77,435 shares during the period. Institutional investors own 32.74% of the company's stock.

Wall Street Analysts Forecast Growth

ORC has been the subject of several analyst reports. Jones Trading restated a "hold" rating on shares of Orchid Island Capital in a research note on Wednesday, April 30th. Wall Street Zen upgraded Orchid Island Capital from a "sell" rating to a "hold" rating in a research note on Friday, May 16th.

Orchid Island Capital Trading Up 0.5%

Shares of ORC traded up $0.04 during trading hours on Friday, reaching $6.93. 2,688,427 shares of the company's stock traded hands, compared to its average volume of 2,573,133. The stock has a market cap of $756.35 million, a PE ratio of 11.54 and a beta of 1.54. The firm's 50 day simple moving average is $7.07 and its 200-day simple moving average is $7.73. Orchid Island Capital, Inc. has a 12 month low of $5.69 and a 12 month high of $9.01.

Orchid Island Capital (NYSE:ORC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The firm had revenue of $19.71 million during the quarter, compared to analysts' expectations of $11.96 million. As a group, analysts expect that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current fiscal year.

Orchid Island Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 20.79%. Orchid Island Capital's dividend payout ratio (DPR) is presently 360.00%.

Orchid Island Capital 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.