Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS are backed primarily by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS; and structured Agency RMBS, including collateralized mortgage obligations, interest only securities, inverse interest only securities, and principal only securities. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2010 and is headquartered in Vero Beach, Florida.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone772-231-1400
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$145.96 million
Profitability
Miscellaneous
EmployeesN/A
OptionableOptionable
Orchid Island Capital (NYSE:ORC) Frequently Asked Questions
What is Orchid Island Capital's stock symbol?
Orchid Island Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "ORC."
How often does Orchid Island Capital pay dividends? What is the dividend yield for Orchid Island Capital?
Orchid Island Capital announced a monthly dividend on Thursday, February 14th. Investors of record on Thursday, February 28th will be given a dividend of $0.08 per share on Friday, March 29th. This represents a $0.96 annualized dividend and a dividend yield of 13.58%. The ex-dividend date is Wednesday, February 27th. View Orchid Island Capital's Dividend History.
How will Orchid Island Capital's stock buyback program work?
Orchid Island Capital declared that its Board of Directors has authorized a share repurchase plan on Friday, February 9th 2018, which permits the company to repurchase 4,520,000 shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.
How were Orchid Island Capital's earnings last quarter?
Orchid Island Capital Inc (NYSE:ORC) announced its quarterly earnings data on Friday, October, 26th. The real estate investment trust reported ($0.06) EPS for the quarter, missing the Zacks' consensus estimate of $0.36 by $0.42. View Orchid Island Capital's Earnings History.
When is Orchid Island Capital's next earnings date?
What is the consensus analysts' recommendation for Orchid Island Capital?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Orchid Island Capital in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Orchid Island Capital.
Has Orchid Island Capital been receiving favorable news coverage?
News coverage about ORC stock has trended somewhat positive on Tuesday, InfoTrie reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Orchid Island Capital earned a coverage optimism score of 1.4 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the company's share price in the next several days.
Who are some of Orchid Island Capital's key competitors?
Some companies that are related to Orchid Island Capital include Global Net Lease (GNL), Redwood Trust (RWT), TPG RE Finance Trust (TRTX), TIER REIT (TIER), Saul Centers (BFS), Monmouth R.E. Inv. (MNR), PennyMac Mortgage Investment Trust (PMT), Summit Hotel Properties (INN), KKR Real Estate Finance Trust (KREF), American Finance Trust (AFIN), Interrent Real Estate Investment Trust (IIPZF), Easterly Government Properties (DEA), Ramco-Gershenson Properties Trust (RPT), Washington Prime Group (WPG) and Universal Health Realty Income Trust (UHT).
Who are Orchid Island Capital's key executives?
Orchid Island Capital's management team includes the folowing people:
- Mr. Robert E. Cauley CFA, CPA, Chairman, Pres & CEO (Age 61)
- Mr. George Hunter Haas IV, CFO, Chief Investment Officer, Sec. & Director (Age 43)
- Mr. Jerry M. Sintes, VP & Treasurer (Age 53)
Who are Orchid Island Capital's major shareholders?
Orchid Island Capital's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.82%), Northern Trust Corp (1.22%), Geode Capital Management LLC (1.17%), Millennium Management LLC (0.62%), Bank of New York Mellon Corp (0.42%) and Cetera Advisors LLC (0.35%). Company insiders that own Orchid Island Capital stock include Ava L Parker, Frank P Filipps, G Hunter Iv Haas, John Van Heuvelen, Robert E Cauley and W Coleman Bitting. View Institutional Ownership Trends for Orchid Island Capital.
Which institutional investors are selling Orchid Island Capital stock?
Which institutional investors are buying Orchid Island Capital stock?
ORC stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, SG Americas Securities LLC, Geode Capital Management LLC, BlackRock Inc., Cetera Advisors LLC, Rhumbline Advisers, D. E. Shaw & Co. Inc. and Two Sigma Advisers LP. Company insiders that have bought Orchid Island Capital stock in the last two years include Frank P Filipps, G Hunter Iv Haas, John Van Heuvelen, Robert E Cauley and W Coleman Bitting. View Insider Buying and Selling for Orchid Island Capital.
How do I buy shares of Orchid Island Capital?
Shares of ORC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Orchid Island Capital's stock price today?
One share of ORC stock can currently be purchased for approximately $7.07.
How big of a company is Orchid Island Capital?
Orchid Island Capital has a market capitalization of $344.04 million and generates $145.96 million in revenue each year. The real estate investment trust earns $2 million in net income (profit) each year or $0.84 on an earnings per share basis.
What is Orchid Island Capital's official website?
How can I contact Orchid Island Capital?
Orchid Island Capital's mailing address is 3305 Flamingo Drive, Vero Beach FL, 32963. The real estate investment trust can be reached via phone at 772-231-1400.
MarketBeat Community Rating for Orchid Island Capital (NYSE ORC)
MarketBeat's community ratings are surveys of what our community members think about Orchid Island Capital and other stocks. Vote "Outperform" if you believe ORC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ORC will underperform the S&P 500 over the long term. You may vote once every thirty days.
