State Street Corp Has $8.95 Million Stock Holdings in Orchid Island Capital, Inc. (NYSE:ORC)

State Street Corp increased its position in Orchid Island Capital, Inc. (NYSE:ORC) by 13.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,073,495 shares of the real estate investment trust’s stock after purchasing an additional 123,239 shares during the quarter. State Street Corp’s holdings in Orchid Island Capital were worth $8,952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in Orchid Island Capital by 39.6% during the 3rd quarter. Van ECK Associates Corp now owns 695,131 shares of the real estate investment trust’s stock worth $5,422,000 after acquiring an additional 197,052 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Orchid Island Capital by 274.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,220 shares of the real estate investment trust’s stock worth $4,819,000 after purchasing an additional 429,689 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Orchid Island Capital during the third quarter worth $3,903,000. Cetera Investment Advisers increased its holdings in Orchid Island Capital by 10.2% in the second quarter. Cetera Investment Advisers now owns 183,678 shares of the real estate investment trust’s stock valued at $1,532,000 after purchasing an additional 17,029 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Orchid Island Capital by 12.9% in the second quarter. Bank of New York Mellon Corp now owns 169,547 shares of the real estate investment trust’s stock valued at $1,414,000 after buying an additional 19,338 shares during the period. 32.74% of the stock is currently owned by institutional investors and hedge funds.

Orchid Island Capital Trading Down 0.3 %

Shares of ORC opened at $7.85 on Friday. The stock has a market cap of $626.82 million, a P/E ratio of 7.48 and a beta of 1.84. The stock’s 50-day moving average price is $7.86 and its two-hundred day moving average price is $8.10. Orchid Island Capital, Inc. has a 1 year low of $7.41 and a 1 year high of $9.08.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). During the same quarter last year, the firm posted ($0.28) EPS. As a group, equities analysts forecast that Orchid Island Capital, Inc. will post -0.25 EPS for the current year.

Orchid Island Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 30th. Investors of record on Tuesday, December 31st will be given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 18.34%. The ex-dividend date is Tuesday, December 31st. Orchid Island Capital’s dividend payout ratio is currently 137.14%.

About Orchid Island Capital

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 comprising interest only securities, inverse interest only securities, and principal only securities.