Orchid Island Capital (ORC) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Orchid Island Capital in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ORC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ORC, but not buy additional shares or sell existing shares.
View ORC analyst ratings or view top-rated stocks.

Orchid Island Capital's stock was trading at $10.50 at the beginning of 2023. Since then, ORC stock has decreased by 2.3% and is now trading at $10.26.
View the best growth stocks for 2023 here.

Orchid Island Capital saw a decline in short interest in May. As of May 15th, there was short interest totaling 1,450,000 shares, a decline of 31.0% from the April 30th total of 2,100,000 shares. Based on an average daily volume of 705,500 shares, the days-to-cover ratio is presently 2.1 days. Currently, 3.7% of the shares of the stock are short sold.
View Orchid Island Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our ORC earnings forecast.

Orchid Island Capital, Inc. (NYSE:ORC) posted its quarterly earnings results on Thursday, October, 28th. The real estate investment trust reported $1.10 earnings per share for the quarter, meeting analysts' consensus estimates of $1.10. During the same quarter in the prior year, the business earned $1.65 EPS.

Orchid Island Capital announced a monthly dividend on Wednesday, May 10th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.16 per share on Wednesday, June 28th. This represents a $1.92 annualized dividend and a dividend yield of 18.71%. The ex-dividend date of this dividend is Tuesday, May 30th.
Read our dividend analysis for ORC.

ETFs with the largest weight of Orchid Island Capital (NYSE:ORC) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD), Hoya Capital High Dividend Yield ETF (RIET) and VanEck Mortgage REIT Income ETF (MORT).iShares Mortgage Real Estate ETF (REM),

Orchid Island Capital (NYSE:ORC) pays an annual dividend of $1.92 per share and currently has a dividend yield of 18.95%. ORC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for ORC.

Orchid Island Capital's stock reverse split on Wednesday, August 31st 2022. The 1-5 reverse split was announced on Wednesday, August 31st 2022. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, August 31st 2022. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

5 employees have rated Orchid Island Capital Chief Executive Officer Torben Munch on Glassdoor.com. Torben Munch has an approval rating of 63% among the company's employees. This puts Torben Munch in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Orchid Island Capital investors own include New Residential Investment (NRZ), Washington Prime Group (WPG), CBL & Associates Properties (CBL), DHT (DHT), Golar LNG Partners (GMLP), NGL Energy Partners (NGL), Two Harbors Investment (TWO), Pennsylvania Real Estate Investment Trust (PEI), EnLink Midstream (ENLC) and New York Mortgage Trust (NYMT).

Orchid Island Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "ORC."

Orchid Island Capital's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.95%), State Street Corp (1.83%), Geode Capital Management LLC (1.78%), Two Sigma Investments LP (0.77%), Renaissance Technologies LLC (0.60%) and Van ECK Associates Corp (0.55%).
View institutional ownership trends.

Shares of ORC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of ORC stock can currently be purchased for approximately $10.26.

Orchid Island Capital (NYSE:ORC) has a market capitalization of $401.47 million and generates $144.63 million in revenue each year. The real estate investment trust earns $-258,450,000.00 in net income (profit) each year or ($3.06) on an earnings per share basis.

The company employs 2,018 workers across the globe.

Orchid Island Capital's mailing address is 3305 Flamingo Drive, Vero Beach FL, 32963. The official website for the company is www.orchidislandcapital.com. The real estate investment trust can be reached via phone at (772) 231-1400 or via email at ir@orchidislandcapital.com.