Orchid Island Capital (ORC) Set to Announce Earnings on Thursday

Orchid Island Capital (NYSE:ORC) is set to issue its quarterly earnings data after the market closes on Thursday, April 25th. Parties that wish to register for the company’s conference call can do so using this link.

Orchid Island Capital Stock Performance

Shares of Orchid Island Capital stock opened at $8.63 on Wednesday. The stock has a market cap of $442.46 million, a price-to-earnings ratio of -10.52 and a beta of 1.83. The stock has a 50 day moving average price of $8.56 and a 200-day moving average price of $8.06. Orchid Island Capital has a one year low of $5.90 and a one year high of $11.27.

Orchid Island Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 16.70%. The ex-dividend date is Monday, April 29th. Orchid Island Capital’s dividend payout ratio (DPR) is presently -175.61%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ORC. JMP Securities restated a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, April 18th. StockNews.com upgraded Orchid Island Capital to a “sell” rating in a research note on Friday, February 9th.

About Orchid Island Capital

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.