JMP Securities Reaffirms Market Perform Rating for Orchid Island Capital (NYSE:ORC)

JMP Securities restated their market perform rating on shares of Orchid Island Capital (NYSE:ORC) in a research note issued to investors on Thursday morning,Benzinga reports.

Orchid Island Capital Price Performance

Shares of Orchid Island Capital stock opened at $8.00 on Thursday. Orchid Island Capital has a 1 year low of $7.41 and a 1 year high of $9.08. The firm’s 50-day moving average is $7.88 and its 200 day moving average is $8.02. The stock has a market cap of $638.40 million, a price-to-earnings ratio of 7.61 and a beta of 1.82.

Orchid Island Capital (NYSE:ORC) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). During the same quarter in the prior year, the company posted ($0.28) earnings per share. On average, equities analysts expect that Orchid Island Capital will post -0.25 EPS for the current fiscal year.

Orchid Island Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, January 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.44 annualized dividend and a yield of 18.01%. Orchid Island Capital’s dividend payout ratio (DPR) is presently 137.14%.

Institutional Trading of Orchid Island Capital

A number of institutional investors and hedge funds have recently modified their holdings of ORC. McIlrath & Eck LLC purchased a new stake in shares of Orchid Island Capital during the third quarter valued at $58,000. Quadrature Capital Ltd bought a new position in Orchid Island Capital during the 3rd quarter valued at about $90,000. Prairie Sky Financial Group LLC bought a new position in Orchid Island Capital during the 3rd quarter valued at about $105,000. Intech Investment Management LLC purchased a new stake in shares of Orchid Island Capital during the 3rd quarter valued at about $121,000. Finally, AQR Capital Management LLC bought a new stake in shares of Orchid Island Capital in the second quarter worth approximately $134,000. Institutional investors own 32.74% of the company’s stock.

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.