Shares of Orchid Island Capital Inc (NYSE:ORC) have received an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokers have set a 1 year consensus price target of $10.00 for the company, according to Zacks. Zacks has also given Orchid Island Capital an industry rank of 198 out of 265 based on the ratings given to related companies.
Several research firms have recently issued reports on ORC. ValuEngine downgraded shares of Orchid Island Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of Orchid Island Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd.
Orchid Island Capital (NYSE:ORC) opened at $7.30 on Thursday. Orchid Island Capital has a fifty-two week low of $6.92 and a fifty-two week high of $12.60. The stock has a market cap of $336.59, a PE ratio of -12.81 and a beta of 0.29.
The firm also recently declared a monthly dividend, which will be paid on Friday, February 9th. Investors of record on Wednesday, January 31st will be issued a $0.11 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.32 annualized dividend and a yield of 18.08%. Orchid Island Capital’s dividend payout ratio (DPR) is presently -231.58%.
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About Orchid Island Capital
Orchid Island Capital, Inc is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions.
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