Orchid Island Capital (NYSE:ORC) Announces Q3 2026 Earnings Guidance

Orchid Island Capital (NYSE:ORC) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.270-0.270 for the period.

Analysts Set New Price Targets

A number of brokerages have issued reports on ORC. BTIG Research began coverage on shares of Orchid Island Capital in a research report on Thursday, July 9th. They set a “neutral” rating for the company. Weiss Ratings cut Orchid Island Capital from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Orchid Island Capital currently has a consensus rating of “Reduce” and a consensus target price of $7.50.

Orchid Island Capital Price Performance

NYSE ORC traded down $0.21 during trading on Friday, reaching $4.96. 6,898,847 shares of the company’s stock were exchanged, compared to its average volume of 7,132,818. Orchid Island Capital has a fifty-two week low of $4.85 and a fifty-two week high of $8.40. The business has a 50 day moving average price of $6.06 and a 200-day moving average price of $6.56. The stock has a market capitalization of $991.01 million, a P/E ratio of 3.35 and a beta of 1.60.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). The firm had revenue of $59.97 million for the quarter, compared to the consensus estimate of $74.26 million.

Orchid Island Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, October 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 annualized dividend and a yield of 24.2%. Orchid Island Capital’s dividend payout ratio is currently 81.08%.

Orchid Island Capital announced that its board has authorized a stock repurchase program on Monday, June 22nd that allows the company to repurchase 25,000,000,000,000 shares. This buyback authorization allows the real estate investment trust to purchase up to 12.5% of its shares through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Orchid Island Capital Company Profile

Orchid Island Capital, Inc is a real estate investment trust that invests primarily in residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. government-sponsored entities. Its portfolio generally consists of agency securities backed by mortgages insured or guaranteed by the Government National Mortgage Association (Ginnie Mae), Federal National Mortgage Association (Fannie Mae), and Federal Home Loan Mortgage Corporation (Freddie Mac).

The company seeks to generate income from its investments and manage interest-rate and prepayment risks through portfolio construction, financing arrangements, and hedging strategies.