Orchid Island Capital, Inc. (NYSE:ORC - Get Free Report) declared a monthly dividend on Thursday, April 11th, Wall Street Journal reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.12 per share by the real estate investment trust on Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.01%. The ex-dividend date is Monday, April 29th.
Orchid Island Capital has decreased its dividend by an average of 23.1% annually over the last three years.
Orchid Island Capital Trading Up 2.4 %
NYSE ORC traded up $0.20 on Thursday, reaching $8.47. 1,513,347 shares of the stock were exchanged, compared to its average volume of 1,161,330. Orchid Island Capital has a one year low of $5.90 and a one year high of $11.27. The firm has a market capitalization of $434.25 million, a PE ratio of -10.32 and a beta of 1.83. The company's 50-day simple moving average is $8.55 and its two-hundred day simple moving average is $8.06.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Orchid Island Capital to a "sell" rating in a report on Friday, February 9th.
Check Out Our Latest Stock Report on Orchid Island Capital
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in Orchid Island Capital by 1,054.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,062 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 3,710 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Orchid Island Capital by 182.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,221 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 2,726 shares during the last quarter. Royal Bank of Canada increased its stake in Orchid Island Capital by 205.3% in the second quarter. Royal Bank of Canada now owns 6,563 shares of the real estate investment trust's stock worth $69,000 after purchasing an additional 4,413 shares during the period. Barclays PLC lifted its holdings in Orchid Island Capital by 497.6% during the 4th quarter. Barclays PLC now owns 9,018 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 7,509 shares in the last quarter. Finally, Creative Planning purchased a new stake in shares of Orchid Island Capital in the fourth quarter valued at approximately $107,000. Institutional investors own 32.74% of the company's stock.
Orchid Island Capital Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Orchid Island Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Orchid Island Capital wasn't on the list.
While Orchid Island Capital currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
