Orchid Island Capital Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Orchid Island Capital in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Orchid Island Capital stock. 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.
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2 Wall Street research analysts have issued 12-month target prices for Orchid Island Capital's stock. Their ORC stock forecasts range from $4.25 to $4.25. On average, they predict Orchid Island Capital's stock price to reach $4.25 in the next year. This suggests a possible upside of 46.0% from the stock's current price.
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Orchid Island Capital's stock was trading at $4.50 at the beginning of the year. Since then, ORC stock has decreased by 35.3% and is now trading at $2.91.
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Orchid Island Capital saw a drop in short interest in the month of June. As of June 15th, there was short interest totaling 11,440,000 shares, a drop of 25.8% from the May 31st total of 15,410,000 shares. Based on an average daily trading volume, of 3,060,000 shares, the short-interest ratio is presently 3.7 days. Currently, 23.6% of the company's shares are short sold.
View Orchid Island Capital's Short Interest.

Orchid Island Capital is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Orchid Island Capital.

Orchid Island Capital, Inc. (NYSE:ORC) posted its quarterly earnings results on Thursday, October, 28th. The real estate investment trust reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. During the same quarter last year, the firm posted $0.33 earnings per share.
View Orchid Island Capital's earnings history.

Orchid Island Capital declared a monthly dividend on Wednesday, June 15th. Stockholders of record on Thursday, June 30th will be given a dividend of $0.045 per share on Wednesday, July 27th. This represents a $0.54 dividend on an annualized basis and a yield of 18.56%. The ex-dividend date of this dividend is Wednesday, June 29th.
View Orchid Island Capital's dividend history.

Orchid Island Capital(NYSE:ORC) pays an annual dividend of $0.54 per share and currently has a dividend yield of 19.29%. ORC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View Orchid Island Capital's dividend history.

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

Some companies that are related to Orchid Island Capital include Retail Opportunity Investments (ROIC), Macerich (MAC), Washington Real Estate Investment Trust (WRE), RLJ Lodging Trust (RLJ), CareTrust REIT (CTRE), American Assets Trust (AAT), Easterly Government Properties (DEA), InvenTrust Properties (IVT), DiamondRock Hospitality (DRH), Two Harbors Investment (TWO), Brandywine Realty Trust (BDN), NexPoint Residential Trust (NXRT), Preferred Apartment Communities (APTS), Paramount Group (PGRE) and LTC Properties (LTC).
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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."

Shares of ORC 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.
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One share of ORC stock can currently be purchased for approximately $2.91.

Orchid Island Capital (NYSE:ORC) has a market capitalization of $515.41 million and generates $134.70 million in revenue each year. The real estate investment trust earns $-64.76 million in net income (profit) each year or ($1.080010) on an earnings per share basis.

Orchid Island Capital 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 Orchid Island Capital is www.orchidislandcapital.com. The real estate investment trust can be reached via phone at (772) 231-1400 or via email at [email protected].