Orchid Island Capital (NYSE:ORC) Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Orchid Island Capital from "sell" to "hold" while Weiss Ratings downgraded it to "sell," leaving a MarketBeat consensus of "Reduce" and an average target price of $7.50.
• Orchid Island reported quarterly EPS of $0.26 (in line with estimates) but showed a surprising reported revenue of ($12.56) million versus analysts' expectations of $33.03 million.
• The stock trades near $7.08 with a market cap of $1.42 billion, a P/E of 9.43 and about 32.74% institutional ownership.

Orchid Island Capital (NYSE:ORC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Monday.

Separately, Weiss Ratings cut shares of Orchid Island Capital from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, April 6th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Orchid Island Capital presently has a consensus rating of "Reduce" and an average target price of $7.50.

Orchid Island Capital Stock Performance

NYSE:ORC opened at $7.08 on Monday. The company's 50-day moving average price is $7.22 and its 200-day moving average price is $7.38. The company has a current ratio of 509.34, a quick ratio of 509.34 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.42 billion, a P/E ratio of 9.43 and a beta of 1.63. Orchid Island Capital has a twelve month low of $6.62 and a twelve month high of $8.40.

Orchid Island Capital (NYSE:ORC - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The business had revenue of ($12.56) million during the quarter, compared to analysts' expectations of $33.03 million.

Institutional Investors Weigh In On Orchid Island Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its stake in shares of Orchid Island Capital by 17.8% in the second quarter. Prudential Financial Inc. now owns 13,189 shares of the real estate investment trust's stock valued at $92,000 after purchasing an additional 1,995 shares during the period. Barclays PLC boosted its stake in shares of Orchid Island Capital by 1.0% in the third quarter. Barclays PLC now owns 203,626 shares of the real estate investment trust's stock valued at $1,427,000 after purchasing an additional 2,016 shares during the period. CreativeOne Wealth LLC boosted its stake in shares of Orchid Island Capital by 11.8% in the fourth quarter. CreativeOne Wealth LLC now owns 19,248 shares of the real estate investment trust's stock valued at $139,000 after purchasing an additional 2,025 shares during the period. CWM LLC boosted its stake in shares of Orchid Island Capital by 123.1% in the third quarter. CWM LLC now owns 4,534 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 2,502 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Orchid Island Capital by 64.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,413 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 2,502 shares during the period. 32.74% of the stock is currently owned by institutional investors and hedge funds.

Orchid Island Capital Company Profile

Orchid Island Capital is a real estate investment trust that specializes in investing in residential mortgage‐backed securities (RMBS), with a primary focus on mortgage pass‐through securities guaranteed by the Government National Mortgage Association (Ginnie Mae). Structured to elect and maintain status as a REIT under the U.S. Internal Revenue Code, the company's principal business strategy involves acquiring pools of U.S. residential mortgages in the secondary market and holding them to generate interest income.

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