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, including interest only securities, inverse interest only securities, and principal only securities. The company qualifies as a real estate investment trust for federal income tax purposes. Orchid Island Capital, Inc. was incorporated in 2010 and is based in Vero Beach, Florida.
IPO Year: 2013
Exchange: NYSE
Website: orchidislandcapital.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/6/2024 | $9.50 | Buy | Janney |
| 8/8/2022 | Buy → Neutral | Ladenburg Thalmann | |
| 1/24/2022 | $4.25 | Hold → Buy | JonesTrading |
| 1/12/2022 | Market Perform | JMP Securities | |
| 9/10/2021 | Sell → Hold | JonesTrading |
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
November 2024 Monthly Dividend of $0.12 Per Share of Common Stock Estimated Book Value Per Share as of November 8, 2024 of approximately $8.30 to $8.34RMBS Portfolio Characteristics as of October 31, 2024Next Dividend Announcement Expected December 10, 2024 VERO BEACH, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the "Company") (NYSE:ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of November 2024. The dividend of $0.12 per share will be paid December 30, 2024 to holders of record of the Company's common stock on November 29, 2024, with an ex-dividend date of November 29, 2024. The Company plans on ann
VERO BEACH, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid" or the "Company"), a real estate investment trust ("REIT"), today announced results of operations for the three month period ended September 30, 2024. Third Quarter 2024 Results Net income of $17.3 million, or $0.24 per common share, which consists of:Net interest income of $0.3 million, or less than $0.01 per common shareTotal expenses of $4.3 million, or $0.06 per common shareNet realized and unrealized gains of $21.2 million, or $0.29 per common share, on RMBS and derivative instruments, including net interest income on interest rate swapsThird quarter dividends declared and paid of $0
October 2024 Monthly Dividend of $0.12 Per Share of Common StockEstimated Book Value Per Share as of September 30, 2024 of $8.40Estimated GAAP net income of $0.24 per share for the quarter ended September 30, 2024, including an estimated $0.29 per share of net realized and unrealized gains on RMBS and derivative instrumentsEstimated 2.1% total return on equity for the quarter ended September 30, 2024Estimated book value, net income and total return on equity amounts are preliminary, subject to change, and subject to review by the Company's independent registered public accounting firmRMBS Portfolio Characteristics as of September 30, 2024Next Dividend Announcement Expected November 13, 2024
VERO BEACH, Fla., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid" or the "Company"), a real estate investment trust ("REIT"), today announced that it will release results for the third quarter of 2024 following the close of trading on the New York Stock Exchange on Thursday, October 24, 2024. Earnings Conference Call Details An earnings conference call and live audio webcast will be hosted Friday, October 25, 2024, at 10:00 AM ET. Participants can register and receive dial-in information at https://register.vevent.com/register/BI631347493dd04b38aa589f3e4b9f5a6d. A live audio webcast of the conference call can be accessed at https://edge.media-server.com
VERO BEACH, Fla., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Bimini Capital Management, Inc. (OTCQB:BMNM) ("Bimini" or the "Company"), today announced that it will release results for the third quarter of 2024 following the close of trading on Thursday, October 31, 2024. Earnings Conference Call Details An earnings conference call and live audio webcast will be hosted Friday, November 1, 2024, at 10:00 AM ET. Participants can register and receive dial-in information at https://register.vevent.com/register/BI909b06944b334b3e8e769108f5807eab . A live audio webcast of the conference call can be accessed at https://edge.media-server.com/mmc/p/qzvibaf6 or via the investor relations section of the Comp
September 2024 Monthly Dividend of $0.12 Per Share of Common Stock RMBS Portfolio Characteristics as of August 31, 2024 Next Dividend Announcement Expected October 16, 2024 Orchid Island Capital, Inc. (the "Company") (NYSE:ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of September 2024. The dividend of $0.12 per share will be paid October 30, 2024 to holders of record of the Company's common stock on September 30, 2024, with an ex-dividend date of September 30, 2024. The Company plans on announcing its next common stock dividend on October 16, 2024. The Company intends to make regular monthly cash distributions to its
August 2024 Monthly Dividend of $0.12 Per Share of Common Stock RMBS Portfolio Characteristics as of July 31, 2024 Next Dividend Announcement Expected September 9, 2024 Orchid Island Capital, Inc. (the "Company") (NYSE:ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of August 2024. The dividend of $0.12 per share will be paid September 27, 2024 to holders of record of the Company's common stock on August 30, 2024, with an ex-dividend date of August 30, 2024. The Company plans on announcing its next common stock dividend on September 9, 2024. The Company intends to make regular monthly cash distributions to its holder
Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid" or the "Company"), a real estate investment trust ("REIT"), today announced results of operations for the three month period ended June 30, 2024. Second Quarter 2024 Results Net loss of $5.0 million, or $0.09 per common share, which consists of: Net interest expense of $0.7 million, or $0.01 per common share Total expenses of $4.4 million, or $0.08 per common share Net realized and unrealized gains of $0.1 million, on RMBS and derivative instruments, including net interest income on interest rate swaps Second quarter dividends declared and paid of $0.36 per common share Book value per common share of $8.58 at June 30, 2024
July 2024 Monthly Dividend of $0.12 Per Share of Common Stock Estimated Book Value Per Share as of June 30, 2024 of $8.58 Estimated GAAP net loss of $0.09 per share for the quarter ended June 30, 2024, including an estimated $0.1 million of net realized and unrealized gains on RMBS and derivative instruments Estimated (2.0)% total return on equity for the quarter ended June 30, 2024 Estimated book value, net loss and total return on equity amounts are preliminary, subject to change, and subject to review by the Company's independent registered public accounting firm RMBS Portfolio Characteristics as of June 30, 2024 Next Dividend Announcement Expected August 14, 2024 O
Bimini Capital Management, Inc. (OTCQB:BMNM) ("Bimini" or the "Company"), today announced that it will release results for the second quarter of 2024 following the close of trading on Thursday, August 1, 2024. Earnings Conference Call Details An earnings conference call and live audio webcast will be hosted Friday, August 2, 2024, at 10:00 AM ET. The conference call may be accessed by dialing toll free (888) 330-2214. A live audio webcast of the conference call can be accessed via the investor relations section of the Company's website at https://ir.biminicapital.com. An audio archive of the webcast will be available for 30 days after the call. About Bimini Capital Management, Inc.
Janney initiated coverage of Orchid Island Capital with a rating of Buy and set a new price target of $9.50
Ladenburg Thalmann downgraded Orchid Island Capital from Buy to Neutral
JonesTrading upgraded Orchid Island Capital from Hold to Buy and set a new price target of $4.25
JMP Securities initiated coverage of Orchid Island Capital with a rating of Market Perform
JonesTrading upgraded Orchid Island Capital from Sell to Hold
JonesTrading downgraded Orchid Island Capital from Hold to Sell and set a new price target of $4.75 from $6.00 previously
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
SC 13G/A - Orchid Island Capital, Inc. (0001518621) (Subject)
SC 13G/A - Orchid Island Capital, Inc. (0001518621) (Subject)
SC 13G/A - Orchid Island Capital, Inc. (0001518621) (Subject)
SC 13G/A - Orchid Island Capital, Inc. (0001518621) (Subject)
SC 13G - Orchid Island Capital, Inc. (0001518621) (Subject)
SC 13G/A - Orchid Island Capital, Inc. (0001518621) (Subject)
SC 13G - Orchid Island Capital, Inc. (0001518621) (Subject)
SC 13G - Orchid Island Capital, Inc. (0001518621) (Subject)
SC 13G/A - Orchid Island Capital, Inc. (0001518621) (Subject)
SC 13G/A - Orchid Island Capital, Inc. (0001518621) (Subject)
VERO BEACH, Fla.--(BUSINESS WIRE)--Orchid Island Capital, Inc. (the “Company”) (NYSE:ORC) announced today that the Board of Directors (the “Board”) declared a monthly cash dividend for the month of January 2021. The dividend of $0.065 per share will be paid February 24, 2021 to holders of record on January 29, 2021, with an ex-dividend date of January 28, 2021. The Company plans on announcing its next dividend after the Board’s meeting on February 10, 2021. The Company intends to make regular monthly cash distributions to its holders of common stock. In order to qualify as a real estate investment trust (“REIT”), the Company must distribute annually to its stockholders an amount at
8-K - Orchid Island Capital, Inc. (0001518621) (Filer)
10-Q - Orchid Island Capital, Inc. (0001518621) (Filer)
8-K - Orchid Island Capital, Inc. (0001518621) (Filer)
8-K - Orchid Island Capital, Inc. (0001518621) (Filer)
8-K - Orchid Island Capital, Inc. (0001518621) (Filer)
8-K - Orchid Island Capital, Inc. (0001518621) (Filer)
10-Q - Orchid Island Capital, Inc. (0001518621) (Filer)
8-K - Orchid Island Capital, Inc. (0001518621) (Filer)
8-K - Orchid Island Capital, Inc. (0001518621) (Filer)
8-K - Orchid Island Capital, Inc. (0001518621) (Filer)
November 2024 Monthly Dividend of $0.12 Per Share of Common Stock Estimated Book Value Per Share as of November 8, 2024 of approximately $8.30 to $8.34RMBS Portfolio Characteristics as of October 31, 2024Next Dividend Announcement Expected December 10, 2024 VERO BEACH, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the "Company") (NYSE:ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of November 2024. The dividend of $0.12 per share will be paid December 30, 2024 to holders of record of the Company's common stock on November 29, 2024, with an ex-dividend date of November 29, 2024. The Company plans on ann
VERO BEACH, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid" or the "Company"), a real estate investment trust ("REIT"), today announced results of operations for the three month period ended September 30, 2024. Third Quarter 2024 Results Net income of $17.3 million, or $0.24 per common share, which consists of:Net interest income of $0.3 million, or less than $0.01 per common shareTotal expenses of $4.3 million, or $0.06 per common shareNet realized and unrealized gains of $21.2 million, or $0.29 per common share, on RMBS and derivative instruments, including net interest income on interest rate swapsThird quarter dividends declared and paid of $0
October 2024 Monthly Dividend of $0.12 Per Share of Common StockEstimated Book Value Per Share as of September 30, 2024 of $8.40Estimated GAAP net income of $0.24 per share for the quarter ended September 30, 2024, including an estimated $0.29 per share of net realized and unrealized gains on RMBS and derivative instrumentsEstimated 2.1% total return on equity for the quarter ended September 30, 2024Estimated book value, net income and total return on equity amounts are preliminary, subject to change, and subject to review by the Company's independent registered public accounting firmRMBS Portfolio Characteristics as of September 30, 2024Next Dividend Announcement Expected November 13, 2024
VERO BEACH, Fla., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid" or the "Company"), a real estate investment trust ("REIT"), today announced that it will release results for the third quarter of 2024 following the close of trading on the New York Stock Exchange on Thursday, October 24, 2024. Earnings Conference Call Details An earnings conference call and live audio webcast will be hosted Friday, October 25, 2024, at 10:00 AM ET. Participants can register and receive dial-in information at https://register.vevent.com/register/BI631347493dd04b38aa589f3e4b9f5a6d. A live audio webcast of the conference call can be accessed at https://edge.media-server.com
VERO BEACH, Fla., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Bimini Capital Management, Inc. (OTCQB:BMNM) ("Bimini" or the "Company"), today announced that it will release results for the third quarter of 2024 following the close of trading on Thursday, October 31, 2024. Earnings Conference Call Details An earnings conference call and live audio webcast will be hosted Friday, November 1, 2024, at 10:00 AM ET. Participants can register and receive dial-in information at https://register.vevent.com/register/BI909b06944b334b3e8e769108f5807eab . A live audio webcast of the conference call can be accessed at https://edge.media-server.com/mmc/p/qzvibaf6 or via the investor relations section of the Comp
September 2024 Monthly Dividend of $0.12 Per Share of Common Stock RMBS Portfolio Characteristics as of August 31, 2024 Next Dividend Announcement Expected October 16, 2024 Orchid Island Capital, Inc. (the "Company") (NYSE:ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of September 2024. The dividend of $0.12 per share will be paid October 30, 2024 to holders of record of the Company's common stock on September 30, 2024, with an ex-dividend date of September 30, 2024. The Company plans on announcing its next common stock dividend on October 16, 2024. The Company intends to make regular monthly cash distributions to its
August 2024 Monthly Dividend of $0.12 Per Share of Common Stock RMBS Portfolio Characteristics as of July 31, 2024 Next Dividend Announcement Expected September 9, 2024 Orchid Island Capital, Inc. (the "Company") (NYSE:ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of August 2024. The dividend of $0.12 per share will be paid September 27, 2024 to holders of record of the Company's common stock on August 30, 2024, with an ex-dividend date of August 30, 2024. The Company plans on announcing its next common stock dividend on September 9, 2024. The Company intends to make regular monthly cash distributions to its holder
Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid" or the "Company"), a real estate investment trust ("REIT"), today announced results of operations for the three month period ended June 30, 2024. Second Quarter 2024 Results Net loss of $5.0 million, or $0.09 per common share, which consists of: Net interest expense of $0.7 million, or $0.01 per common share Total expenses of $4.4 million, or $0.08 per common share Net realized and unrealized gains of $0.1 million, on RMBS and derivative instruments, including net interest income on interest rate swaps Second quarter dividends declared and paid of $0.36 per common share Book value per common share of $8.58 at June 30, 2024
July 2024 Monthly Dividend of $0.12 Per Share of Common Stock Estimated Book Value Per Share as of June 30, 2024 of $8.58 Estimated GAAP net loss of $0.09 per share for the quarter ended June 30, 2024, including an estimated $0.1 million of net realized and unrealized gains on RMBS and derivative instruments Estimated (2.0)% total return on equity for the quarter ended June 30, 2024 Estimated book value, net loss and total return on equity amounts are preliminary, subject to change, and subject to review by the Company's independent registered public accounting firm RMBS Portfolio Characteristics as of June 30, 2024 Next Dividend Announcement Expected August 14, 2024 O
Bimini Capital Management, Inc. (OTCQB:BMNM) ("Bimini" or the "Company"), today announced that it will release results for the second quarter of 2024 following the close of trading on Thursday, August 1, 2024. Earnings Conference Call Details An earnings conference call and live audio webcast will be hosted Friday, August 2, 2024, at 10:00 AM ET. The conference call may be accessed by dialing toll free (888) 330-2214. A live audio webcast of the conference call can be accessed via the investor relations section of the Company's website at https://ir.biminicapital.com. An audio archive of the webcast will be available for 30 days after the call. About Bimini Capital Management, Inc.
This includes an estimated $0.1 million of net realized and unrealized gains on RMBS and derivative instruments.
Janney Montgomery Scott analyst Jason Stewart initiates coverage on Orchid Island Cap (NYSE:ORC) with a Buy rating and announces Price Target of $9.5.
Orchid Island Cap (NYSE:ORC) reported quarterly losses of $(0.12) per share which missed the analyst consensus estimate of $(0.09) by 33.33 percent. The company reported quarterly sales of $(2.490 million) which beat the analyst consensus estimate of $(3.227 million) by 22.84 percent. This is a 40.78 percent increase over sales of $(4.205 million) the same period last year.
JMP Securities analyst Trevor Cranston reiterates Orchid Island Cap (NYSE:ORC) with a Market Perform.
JMP Securities analyst Trevor Cranston reiterates Orchid Island Cap (NYSE:ORC) with a Market Perform.
Orchid Island Cap's (NYSE:ORC) short percent of float has fallen 9.23% since its last report. The company recently reported that it has 3.98 million shares sold short, which is 7.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.62 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter
Monday marks the last chance for investors to receive the next dividend payout from Orchid Island Cap (NYSE:ORC). What's Happening The company announced on Wednesday that it would pay shareholders a monthly dividend of 12 cents per share. On Tuesday, Orchid Island Cap will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 12 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own ORC as of the end of Monday's session are eligible to receive the 12 cents dividend
Orchid Island Cap (NYSE:ORC) reported its Q4 earnings results on Thursday, February 1, 2024 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Orchid Island Cap beat estimated earnings by 48.0%, reporting an EPS of $-0.13 versus an estimate of $-0.25. Revenue was down $5.17 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.06 which was followed by a 3.43% drop in the share price the next day. Here's a look at Orchid Island Cap's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate -0.22 -0.01 0.35 0.30 EPS Actual -0.28 -0.34 0.09 0.95 Revenue Estimate -7M 9.85M 14.97M 14.03
Orchid Island Cap (NYSE:ORC) reported quarterly losses of $(0.13) per share which beat the analyst consensus estimate of $(0.25) by 48 percent. This is a 113.68 percent decrease over earnings of $0.95 per share from the same period last year. The company reported quarterly sales of $(2.79 million) which beat the analyst consensus estimate of $(10.28 million) by 72.90 percent. This is a 216.76 percent decrease over sales of $2.39 million the same period last year.
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