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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. The company has elected to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes. Orchid Island Capital, Inc. was incorporated in 2010 and is headquartered in Vero Beach, Florida. Orchid Island Capital, Inc. operates as a specialty finance company, investing in residential mortgage-backed securities (RMBS). Its portfolio consists of traditional pass-through Agency RMBS and structured Agency RMBS.
5 employees have rated Orchid Island Capital Chief Executive Officer Torben Munch on Glassdoor.com. Torben Munch has an approval rating of 63% among the company’s employees. This puts Torben Munch in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Orchid Island Capital’s stock was trading at $10.50 at the start of the year. Since then, ORC shares have decreased by 3.5% and is now trading at $10.13. Despite the 17% dividend yield, investors need to tread carefully when they consider this mortgage REIT. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.
Orchid Island Capital Inc. ORC (U.S.: NYSE)
The following histogram allows you determine how frequently certain daily price movements occur and thereby provides a visual representation of the stock’s volatility. For a long-term perspective, the following chart presents price performance since 2000 for Orchid Island Capital (ORC). In addition to the latest Orchid Island Capital (ORC) stock price, this page includes 7 charts that add a unique perspective to the latest stock quote. REITs are dividend-paying entities that own or finance real estate. As an investor, you want to buy stocks with the highest probability of success.
Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank, Member FDIC. One share of ORC stock can currently be purchased for approximately $10.13. Sign-up to receive the latest news and ratings for Orchid Island Capital and its competitors with MarketBeat’s FREE daily newsletter.
Investors of record on Friday, June 30th will be paid a dividend of $0.16 per share on Thursday, July 27th. This represents a $1.92 annualized dividend and a yield of 18.95%. Orchid Island Capital saw a decrease in short interest in June.
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For more information on risks and conflicts of interest, see these disclosures. No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. An indication of interest to purchase securities involves no obligation or commitment of any kind. Orchid Island Capital, Inc. operates as a specialty finance company, which engages in investing in residential mortgage-backed securities (RMBS). The structured Agency RMBS comprise of interest only, inverse interest only, and principal only securities. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
As of June 15th, there was short interest totaling 1,200,000 shares, a decrease of 44.4% from the May 31st total of 2,160,000 shares. Based on an average daily trading volume, of 854,000 shares, the short-interest ratio is currently 1.4 days. Approximately 3.1% of the shares of the company are sold short. The following chart presents the one-year price performance for Orchid Island Capital (ORC). The specialty finance company reported first-quarter earnings guidance, and an analyst downgraded the stock.
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Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Orchid Island Capital declared a monthly dividend on Wednesday, June 14th.
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As real estate investment trusts (REITs) are required to distribute 90% of their taxable income to shareholders through dividend payments, and the rise in interest rates should prove to be a positive … Additional information about your broker can be found by clicking here. Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (“Public Holdings”). This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered.
- Approximately 3.1% of the shares of the company are sold short.
- These investments are speculative, involve substantial risks (including illiquidity and loss of principal), and are not FDIC or SIPC insured.
- The 1-5 reverse split was announced on Wednesday, August 31st 2022.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
Data may be intentionally delayed pursuant to supplier requirements. Orchid Island Capital, Inc. invests in residential mortgage-backed securities (RMBS) in the U.S. Orchid Island Capital was incorporated in 2010 and is headquartered in Vero Beach, FL.
The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. When you see ORC stock appear in the results, tap it to open up the purchase screen.
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