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) reported a net income of $16.5 million for Q4 2020, equating to $0.23 per share. The REIT's net interest income was $23.9 million, while total expenses reached $2.8 million. The company declared a quarterly dividend of $0.195 per share, a total of $0.79 per share for the year. Book value per share increased to $5.46 by year-end. Despite a decrease in net income from Q4 2019, Orchid capitalized on market opportunities, raising $36.1 million through capital raises and maintaining a leverage ratio of 8.8 to 1, while achieving a 4.0% economic gain on common equity.
Orchid Island Capital announced a monthly cash dividend of $0.065 per share for February 2021, payable on March 29, 2021, to stockholders of record as of February 26, 2021. The ex-dividend date is February 25, 2021. This distribution aligns with the company's goal of qualifying as a real estate investment trust (REIT), which mandates a distribution of at least 90% of its taxable income. As of early February 2021, the company had 85,121,365 shares outstanding.
Orchid Island Capital (NYSE:ORC), a real estate investment trust, will announce its fourth quarter 2020 results on February 25, 2021, after market close. An earnings conference call is scheduled for February 26, 2021, at 10:00 AM ET, accessible by phone and via a live audio webcast on the company's investor relations website.
Orchid specializes in leveraged investments in Agency RMBS, focusing on both traditional pass-through and structured Agency RMBS, and is managed by Bimini Advisors, LLC.
Orchid Island Capital, Inc. (NYSE:ORC) has successfully closed an underwritten public offering of 8,740,000 common shares, raising approximately $45.3 million in net proceeds. This includes 1,140,000 shares from the underwriter's full exercise of its option for additional shares. The company plans to use these funds to invest in Agency RMBS and for general corporate purposes, with expectations to leverage its investments through repurchase agreements. The offering was conducted under a shelf registration statement effective since February 10, 2020.
Orchid Island Capital (NYSE:ORC) has announced a public offering of 7,600,000 shares, aiming to raise roughly $40.3 million. A 30-day option for an additional 1,140,000 shares is available to the underwriter. The offering is set to close on January 25, 2021, pending customary conditions, with J.P. Morgan acting as the bookrunner. Proceeds will be used for purchasing Agency RMBS and general corporate needs, with plans to leverage the assets through repurchase agreements.
Orchid Island Capital plans a public offering of 7,600,000 shares of its common stock, with an underwriting option for an additional 1,140,000 shares. J.P. Morgan will manage the offering, leveraging proceeds to invest in Agency RMBS and for general corporate purposes. The company aims to borrow against these investments to acquire more Agency RMBS. The offering is under an effective shelf registration statement filed with the SEC. This announcement does not constitute an offer to sell or solicit any purchase of the shares.
Orchid Island Capital (NYSE:ORC) has declared a monthly cash dividend of $0.065 per share for January 2021, payable on February 24, 2021. Stockholders on record as of January 29, 2021 will receive this payment, with an ex-dividend date of January 28, 2021. The company, which must distribute at least 90% of its REIT taxable income to maintain its tax status, generated an estimated net income per share of $0.23 for the quarter ending December 31, 2020.
Orchid Island Capital announced a monthly cash dividend of $0.065 per share for December 2020, payable on January 27, 2020. This dividend will benefit shareholders of record as of December 31, 2020, with an ex-dividend date of December 30, 2020. The company plans to continue regular monthly distributions as part of its commitment as a real estate investment trust (REIT), which requires an annual distribution of 90% of its taxable income. As of December 15, 2020, there were 72,604,539 shares outstanding.
Orchid Island Capital announced a monthly cash dividend of $0.065 per share for November 2020, payable on December 29, 2020. Shareholders must be on record by November 30, 2020, with an ex-dividend date of November 27, 2020. The company plans to continue regular monthly cash distributions as required to maintain its REIT status, which mandates distributing at least 90% of its taxable income annually. The company also needs to manage taxable income distributions to avoid taxes.
Orchid Island Capital, a real estate investment trust (REIT), announced it will release its third-quarter 2020 results after the close of trading on October 29, 2020. The earnings conference call is scheduled for October 30, 2020, at 10:00 AM ET, accessible via phone or through a live audio webcast on the company’s website. Orchid specializes in investing in Agency RMBS, focusing on both traditional and structured Agency RMBS. It is managed by Bimini Advisors, LLC, a registered investment adviser.
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