UBS Group AG grew its holdings in shares of Orchid Island Capital, Inc. (NYSE:ORC – Free Report) by 54.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,156,156 shares of the real estate investment trust’s stock after buying an additional 408,339 shares during the quarter. UBS Group AG’s holdings in Orchid Island Capital were worth $8,324,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in Orchid Island Capital by 123.1% during the 3rd quarter. CWM LLC now owns 4,534 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 2,502 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Orchid Island Capital during the 2nd quarter worth about $55,000. Rogco LP lifted its position in Orchid Island Capital by 115.5% during the 3rd quarter. Rogco LP now owns 7,975 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 4,275 shares in the last quarter. TIAA Trust National Association bought a new stake in Orchid Island Capital during the 3rd quarter worth about $70,000. Finally, My Personal CFO LLC bought a new stake in Orchid Island Capital during the 4th quarter worth about $72,000. 32.74% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have commented on ORC. Weiss Ratings cut shares of Orchid Island Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. Wall Street Zen cut shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Orchid Island Capital currently has a consensus rating of “Reduce” and an average target price of $7.50.
Orchid Island Capital Stock Down 0.2%
Orchid Island Capital stock opened at $6.85 on Monday. The firm has a market capitalization of $1.37 billion, a PE ratio of 9.13 and a beta of 1.57. The company’s 50-day moving average is $7.08 and its 200-day moving average is $7.35. Orchid Island Capital, Inc. has a fifty-two week low of $6.62 and a fifty-two week high of $8.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 509.34 and a quick ratio of 509.34.
Orchid Island Capital (NYSE:ORC – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of ($12.56) million for the quarter, compared to analyst estimates of $33.03 million.
Orchid Island Capital Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 17.5%. Orchid Island Capital’s payout ratio is currently 160.00%.
Orchid Island Capital 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.
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