Janney initiated coverage on Orchid Island Capital with a new price target
$ORC
Real Estate Investment Trusts
Real Estate
Janney initiated coverage of Orchid Island Capital with a rating of Buy and set a new price target of $9.50
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| 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 |
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.
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
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
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
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
8-K - Orchid Island Capital, Inc. (0001518621) (Filer)
10-Q - Orchid Island Capital, Inc. (0001518621) (Filer)
8-K - Orchid Island Capital, Inc. (0001518621) (Filer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
4 - Orchid Island Capital, Inc. (0001518621) (Issuer)
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
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)