Welcome to our dedicated page for Orchid Island Capital news (Ticker: ORC), a resource for investors and traders seeking the latest updates and insights on Orchid Island Capital stock.
Orchid Island Capital, Inc. (symbol: ORC) is a prominent financial services company headquartered at 3305 Flamingo Dr, Vero Beach, FL, United States. Specializing in investments in residential mortgage-backed securities (RMBS), Orchid Island Capital Inc strategically positions itself within the U.S. financial market.
The company’s investment portfolio is primarily focused on two categories of Agency RMBS: traditional pass-through Agency RMBS and structured Agency RMBS. The structured Agency RMBS include a variety of securities such as collateralized mortgage obligations, interest-only securities, inverse interest-only securities, and principal-only securities. Notably, the principal and interest payments of its RMBS are guaranteed by federal entities such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or the Government National Mortgage Association (Ginnie Mae), all of which are secured by single-family residential mortgage loans.
Orchid Island Capital Inc has made significant strides in the financial sector through strategic investments and strong partnerships. The company’s diverse portfolio and meticulous approach have enabled it to achieve impressive financial stability and growth. Recent achievements include expanding their investment horizon and improving their asset management strategies to maximize returns for their investors.
The company remains committed to leveraging its expertise in RMBS to deliver consistent performance and value to its shareholders. By navigating the complexities of the mortgage-backed securities market and aligning with federal guarantees, Orchid Island Capital ensures a robust and secure investment framework.
For those seeking the latest updates and detailed information about Orchid Island Capital, Inc., StockTitan offers comprehensive insights, including recent news, financial reports, and developments that impact the company and its stock performance.
Orchid Island Capital (NYSE: ORC) has declared a monthly cash dividend of $0.12 per share for December 2024, payable on January 30, 2025, to stockholders of record as of December 31, 2024. The ex-dividend date is set for December 31, 2024. The company, which operates as a Real Estate Investment Trust (REIT), must distribute at least 90% of its REIT taxable income annually to maintain its status. As of December 10, 2024, the company had 79,849,645 shares of common stock outstanding, an increase from 78,082,645 shares as of September 30, 2024.
Orchid Island Capital (NYSE: ORC) has declared a monthly cash dividend of $0.12 per share for November 2024, payable on December 30, 2024, to stockholders of record on November 29, 2024. The company's estimated book value per share as of November 8, 2024, was approximately $8.30 to $8.34, representing a decrease of 0.7% to 1.0% from the September 30, 2024 book value of $8.40. The company currently has 78,539,645 shares outstanding, with estimated total stockholders' equity between $652.0 million and $655.0 million.
Orchid Island Capital (NYSE:ORC) reported net income of $17.3 million, or $0.24 per share, for Q3 2024. Key results include net interest income of $0.3 million and net realized/unrealized gains of $21.2 million on RMBS and derivative instruments. The company declared and paid dividends of $0.36 per share during the quarter. Book value per share decreased to $8.40 as of September 30, 2024, resulting in a total return of 2.10%. The company maintained strong liquidity with $326.7 million in cash and unpledged securities, representing about 50% of stockholders' equity. The portfolio yield increased to 5.43% from 5.05% in Q2 2024, while borrowing costs rose to 5.62% from 5.34%.
Orchid Island Capital (NYSE: ORC) announced its estimated third quarter 2024 results, October 2024 monthly dividend, and September 30, 2024 RMBS portfolio characteristics. Key points include:
- October 2024 monthly dividend of $0.12 per share of common stock, payable on November 27, 2024
- Estimated book value per share as of September 30, 2024 of $8.40
- Estimated GAAP net income of $0.24 per share for Q3 2024, including $0.29 per share of net realized and unrealized gains on RMBS and derivative instruments
- Estimated 2.1% total return on equity for Q3 2024
- 78,414,645 shares of common stock outstanding as of October 16, 2024
The company's estimated total stockholders' equity was approximately $656.0 million as of September 30, 2024. These figures are preliminary and subject to review.
Orchid Island Capital (NYSE:ORC), a real estate investment trust (REIT), has announced that it will release its third quarter 2024 results after the close of trading on the New York Stock Exchange on Thursday, October 24, 2024. The company will host an earnings conference call and live audio webcast on Friday, October 25, 2024, at 10:00 AM ET.
Participants can register for the call and obtain dial-in information through a provided link. A live audio webcast will be accessible via the company's investor relations website. An audio archive of the webcast will remain available for 30 days following the call.
Orchid Island Capital (NYSE: ORC) has announced its September 2024 monthly dividend of $0.12 per share, payable on October 30, 2024, to shareholders of record as of September 30, 2024. The ex-dividend date is also set for September 30, 2024. This announcement aligns with the company's intention to make regular monthly cash distributions to maintain its REIT status, which requires distributing at least 90% of its REIT taxable income annually.
As of September 9, 2024, Orchid Island Capital had 73,997,050 shares of common stock outstanding, showing a slight increase from 73,947,050 shares on August 31, 2024, and a more significant rise from 64,824,374 shares on June 30, 2024. The company also provided preliminary details of its RMBS portfolio characteristics as of August 31, 2024, including valuation characteristics, assets by agency, and risk measures.
Orchid Island Capital (NYSE: ORC) has announced its August 2024 monthly dividend of $0.12 per share, payable on September 27, 2024, to shareholders of record as of August 30, 2024. The ex-dividend date is also set for August 30, 2024. As of August 14, 2024, the company had 71,338,574 outstanding common shares.
The company, operating as a Real Estate Investment Trust (REIT), is required to distribute at least 90% of its REIT taxable income annually. Orchid Island Capital plans to announce its next common stock dividend on September 9, 2024. The press release also includes preliminary details of the company's RMBS portfolio characteristics as of July 31, 2024, subject to change.
Orchid Island Capital (NYSE:ORC) reported Q2 2024 results with a net loss of $5.0 million, or $0.09 per share. Key highlights include:
- Net interest expense of $0.7 million
- Total expenses of $4.4 million
- Dividends of $0.36 per share declared and paid
- Book value per share decreased to $8.58
- Total return of -1.97%
- Strong liquidity position of $265.3 million
- Portfolio size increased by 16.6% in Q2
The company raised approximately $100.7 million in equity capital during Q2, deploying proceeds into Agency RMBS at attractive spreads. Management sees potential for improved returns if the Federal Reserve begins easing monetary policy. Prepayment speeds remained low at 7.6% CPR for the quarter.
Orchid Island Capital (NYSE: ORC) has announced its estimated results for Q2 2024, a monthly dividend for July 2024, and the characteristics of its RMBS portfolio as of June 30, 2024.
The company declared a monthly dividend of $0.12 per share, payable on August 29, 2024, to shareholders on record as of July 31, 2024. The estimated book value per share was $8.58 as of June 30, 2024, with a total stockholders' equity of approximately $555.9 million and 64,824,374 shares outstanding.
ORC reported an estimated GAAP net loss of $0.09 per share for Q2 2024, including $0.1 million in net realized and unrealized gains on RMBS and derivative instruments. The estimated total return on equity for the quarter was (2.0)%, reflecting dividends per share of $0.36 and a book value decrease of $0.54 per share.
The company will announce its next dividend on August 14, 2024. As a REIT, ORC must distribute 90% of its taxable income annually to maintain its status. These figures are preliminary and subject to change upon review by the company's independent auditors.
Bimini Capital Management (OTCQB:BMNM) has announced that it will disclose its second quarter 2024 financial results on Thursday, August 1, 2024, after market close.
Following this, an earnings conference call and live audio webcast will be held on Friday, August 2, 2024, at 10:00 AM ET.
Participants can join the conference call by dialing toll-free at (888) 330-2214, while the live audio webcast will be accessible via the investor relations section of Bimini's website.
An audio archive of the webcast will remain available for 30 days post the call.
FAQ
What is the current stock price of Orchid Island Capital (ORC)?
What is the market cap of Orchid Island Capital (ORC)?
What is Orchid Island Capital, Inc.?
Where is Orchid Island Capital, Inc. located?
What types of securities does Orchid Island Capital invest in?
Who guarantees the principal and interest payments of ORC's RMBS?
What recent achievements has Orchid Island Capital made?
How does Orchid Island Capital ensure the security of its investments?
What is the significance of Agency RMBS for Orchid Island Capital?
How can I stay updated with the latest news about Orchid Island Capital?
What is the stock symbol for Orchid Island Capital, Inc.?
Does Orchid Island Capital have partnerships?
