Orchid Island Capital (NYSE:ORC) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of Orchid Island Capital (NYSE:ORC) from a hold rating to a sell rating in a research note published on Thursday morning.

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd.

Orchid Island Capital Price Performance

NYSE ORC opened at $7.96 on Thursday. The stock has a market capitalization of $742.15 million, a P/E ratio of 13.26 and a beta of 1.90. The firm’s 50-day moving average is $8.33 and its two-hundred day moving average is $8.06. Orchid Island Capital has a 12 month low of $7.41 and a 12 month high of $9.01.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.08. As a group, analysts anticipate that Orchid Island Capital will post 0.37 EPS for the current year.

Orchid Island Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Monday, March 31st will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 18.10%. The ex-dividend date of this dividend is Monday, March 31st. Orchid Island Capital’s dividend payout ratio (DPR) is currently 240.00%.

Institutional Trading of Orchid Island Capital

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of Orchid Island Capital by 32.8% during the fourth quarter. Russell Investments Group Ltd. now owns 6,165 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 1,522 shares during the period. Tower Research Capital LLC TRC grew its holdings in Orchid Island Capital by 73.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,119 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 3,012 shares in the last quarter. Millennium Management LLC increased its position in shares of Orchid Island Capital by 1.1% in the 4th quarter. Millennium Management LLC now owns 309,480 shares of the real estate investment trust’s stock valued at $2,408,000 after purchasing an additional 3,354 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Orchid Island Capital by 7.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust’s stock valued at $378,000 after purchasing an additional 3,410 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Orchid Island Capital by 17.6% in the 4th quarter. Deutsche Bank AG now owns 36,869 shares of the real estate investment trust’s stock valued at $287,000 after purchasing an additional 5,530 shares in the last quarter. Hedge funds and other institutional investors own 32.74% of the company’s stock.

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.