Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
14 February 2013Next earnings report:
26 July 2024Last dividends:
31 May 2024Next dividends:
28 June 2024Price
regular market | 9 min agoAnalysts recommendations
Institutional Ownership
ORC Latest News
VERO BEACH, Fla.--(BUSINESS WIRE)--Bimini Capital Management, Inc. (OTCQB:BMNM) ("Bimini” or the "Company"), today announced that it will release results for the first quarter of 2024 following the close of trading on Thursday, May 2, 2024. Earnings Conference Call Details An earnings conference call and live audio webcast will be hosted Friday, May 3, 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 b.
VERO BEACH, Fla.--(BUSINESS WIRE)--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 first quarter of 2024 following the close of trading on the New York Stock Exchange on Thursday, April 25, 2024. Earnings Conference Call Details An earnings conference call and live audio webcast will be hosted Friday, April 26, 2024, at 10:00 AM ET. The conference call may be accessed by dialing tol.
Orchid Island (ORC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Orchid Island Capital, Inc. (ORC) Q4 2023 Earnings Call Transcript
Orchid Island Capital is a high-yield mortgage REIT that leverages mortgage-backed securities to offer attractive dividends. The company faces risks from high interest rates and prepayment of mortgage-backed securities. Despite challenges, Orchid Island has maintained a strong payout and is poised for a rebound with a sub-1 price/book value and a yield of 16.6%.
Orchid Island Capital, Inc. (NYSE:ORC ) Q3 2023 Earnings Conference Call October 27, 2023 10:00 AM ET Company Participants Robert Cauley - Chairman and CEO Hunter Haas - CFO Conference Call Participants Matthew Erdner - JonesTrading Christopher Nolan - Ladenburg Thalman Mikhail Goberman - JMP Securities Operator Good morning and welcome to the Third Quarter 2023 Earnings Conference Call for Orchid Island Capital. This call is being recorded today, October 27, 2023.
VERO BEACH, Fla.--(BUSINESS WIRE)--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 2023 following the close of trading on the New York Stock Exchange on Thursday, October 26, 2023. Earnings Conference Call Details An earnings conference call and live audio webcast will be hosted Friday, October 27, 2023, at 10:00 AM ET. The conference call may be accessed by dialing.
The Mortgage REIT sector faced challenges in 2021-2022 due to higher mortgage rates and declines in mortgage-backed securities valuations. Since late 2022, Orchid Island has gone full circle, seeing investors return due to its high dividend but flee recently as mortgage rates rise again. Based on fair-market values, Orchid Island can still generate positive net interest income for some years until its swap positions expire.
VERO BEACH, Fla.--(BUSINESS WIRE)--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 second quarter of 2023 following the close of trading on the New York Stock Exchange on Thursday, July 27, 2023. Earnings Conference Call Details An earnings conference call and live audio webcast will be hosted Friday, July 28, 2023, at 10:00 AM ET. The conference call may be accessed by dialing toll.
Mortgage REIT company, Orchid Island Capital, is attracting investors with its 18% yield but may be a yield trap due to its poor performance. Despite a high dividend yield, the company has seen a price return of -86% and a total return of -29% over the last decade, with dividends also eroding. There is little reason to expect the company's performance to turn anytime soon and investors have many other places to put their money including risk-free treasuries yielding 5.25%.
What type of business is 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. 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.
What sector is Orchid Island Capital in?
Orchid Island Capital is in the Real Estate sector
What industry is Orchid Island Capital in?
Orchid Island Capital is in the Mortgage industry
What country is Orchid Island Capital from?
Orchid Island Capital is headquartered in United States
When did Orchid Island Capital go public?
Orchid Island Capital initial public offering (IPO) was on 14 February 2013
What is Orchid Island Capital website?
https://www.orchidislandcapital.com
Is Orchid Island Capital in the S&P 500?
No, Orchid Island Capital is not included in the S&P 500 index
Is Orchid Island Capital in the NASDAQ 100?
No, Orchid Island Capital is not included in the NASDAQ 100 index
Is Orchid Island Capital in the Dow Jones?
No, Orchid Island Capital is not included in the Dow Jones index
When does Orchid Island Capital report earnings?
The next expected earnings date for Orchid Island Capital is 26 July 2024