Orchid Island Capital (NYSE:ORC – Get Free Report) posted its earnings results on Thursday. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05), Zacks reports. During the same quarter last year, the firm earned ($0.28) earnings per share.
Orchid Island Capital Price Performance
Shares of ORC stock traded up $0.03 during trading on Friday, reaching $7.91. The company had a trading volume of 2,375,938 shares, compared to its average volume of 1,599,797. The firm’s 50 day simple moving average is $8.10 and its two-hundred day simple moving average is $8.29. Orchid Island Capital has a one year low of $5.90 and a one year high of $9.08. The company has a market capitalization of $564.30 million, a PE ratio of -9.09 and a beta of 1.85.
Orchid Island Capital Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 18.20%. The ex-dividend date is Thursday, October 31st. Orchid Island Capital’s dividend payout ratio is -165.52%.
Analyst Upgrades and Downgrades
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.
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