Orchid Island Capital (NYSE:ORC – Get Free Report) released 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 period in the previous year, the business posted ($0.28) earnings per share.
Orchid Island Capital Stock Performance
Shares of NYSE:ORC traded up $0.03 during midday trading on Friday, hitting $7.91. 2,375,938 shares of the stock were exchanged, compared to its average volume of 1,599,797. Orchid Island Capital has a 52-week low of $5.90 and a 52-week high of $9.08. The business’s fifty day simple moving average is $8.10 and its two-hundred day simple moving average is $8.29. 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 Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, October 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 18.20%. Orchid Island Capital’s dividend payout ratio is -165.52%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on ORC
Orchid Island Capital Company Profile
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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