Orchid Island Capital, Inc. (ORC) To Go Ex-Dividend on March 31st

Orchid Island Capital, Inc. (NYSE:ORC) declared a monthly dividend on Wednesday, March 18th. Investors of record on Tuesday, March 31st will be given a dividend of 0.12 per share by the real estate investment trust on Wednesday, April 29th. This represents a c) dividend on an annualized basis and a yield of 20.2%. The ex-dividend date of this dividend is Tuesday, March 31st.

Orchid Island Capital has decreased its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Orchid Island Capital has a payout ratio of 182.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Orchid Island Capital to earn $0.43 per share next year, which means the company may not be able to cover its $1.44 annual dividend with an expected future payout ratio of 334.9%.

Orchid Island Capital Price Performance

Shares of Orchid Island Capital stock opened at $7.14 on Friday. The company has a current ratio of 509.34, a quick ratio of 509.34 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $7.66 and its two-hundred day moving average price is $7.39. Orchid Island Capital has a 52 week low of $5.68 and a 52 week high of $8.41. The stock has a market cap of $1.36 billion, a PE ratio of 6.86 and a beta of 1.67.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The business had revenue of $124.78 million for the quarter, compared to the consensus estimate of $35.74 million. As a group, sell-side analysts anticipate that Orchid Island Capital will post 0.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on ORC. Weiss Ratings raised shares of Orchid Island Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, February 26th. Compass Point assumed coverage on shares of Orchid Island Capital in a research report on Monday, December 15th. They issued a “neutral” rating and a $7.50 price target on the stock. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.50.

Orchid Island Capital Company Profile

Orchid Island Capital is a real estate investment trust that specializes in investing in residential mortgage‐backed securities (RMBS), with a primary focus on mortgage pass‐through securities guaranteed by the Government National Mortgage Association (Ginnie Mae). Structured to elect and maintain status as a REIT under the U.S. Internal Revenue Code, the company’s principal business strategy involves acquiring pools of U.S. residential mortgages in the secondary market and holding them to generate interest income.