Welcome to our dedicated page for Orchid Is Cap news (Ticker: ORC), a resource for investors and traders seeking the latest updates and insights on Orchid Is Cap stock.
Orchid Island Capital, Inc. (NYSE: ORC) is a specialty finance company and real estate investment trust (REIT) that invests on a leveraged basis in Agency residential mortgage-backed securities (RMBS). The news flow around Orchid Island Capital is closely tied to its Agency RMBS portfolio, funding profile and REIT distribution practices, making its disclosures relevant for investors who follow mortgage REITs and fixed-income strategies.
News updates for Orchid Island Capital commonly include monthly dividend declarations, where the company announces the per-share cash dividend on its common stock, along with record, payment and ex-dividend dates. The company also issues quarterly and intra-quarter reports providing estimated or actual book value per share, GAAP net income per share, and total return on equity, together with detailed RMBS portfolio characteristics such as valuation metrics, Agency mix, whole pool test results, and repurchase agreement exposure by counterparty.
In addition, Orchid Island Capital uses current reports and press releases to discuss results of operations, including net interest income, total expenses, and net realized and unrealized gains or losses on RMBS and derivative instruments. These communications often highlight prepayment experience, effective duration, modeled interest rate sensitivity and liquidity measures such as cash, unpledged securities and borrowing capacity.
Investors monitoring ORC news can also see announcements related to equity distribution agreements and amendments that govern at-the-market common stock offerings used to raise capital for the company’s Agency RMBS strategy. By reviewing this news feed, readers can track how Orchid Island Capital’s portfolio composition, leverage, hedging activity and dividend policy evolve over time based on the company’s own disclosures.
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Orchid Island Capital, Inc. (NYSE: ORC) announced a one-for-five reverse stock split effective August 30, 2022, converting every five shares into one, with shares trading split-adjusted from August 31, 2022. Additionally, the company declared a monthly cash dividend of $0.16 per share for August, payable on September 28, 2022, to holders of record as of August 31, 2022. The estimated book value per share ranges from $3.10 to $3.12, reflecting an increase of approximately 8.0% to 8.7% compared to June 30, 2022. The company will announce its next dividend on September 12, 2022.
Orchid Island Capital (NYSE:ORC) reported a net loss of $60.1 million, or $0.34 per share, for Q2 2022, reflecting significant challenges amid rising interest rates and inflation. The company declared a dividend of $0.135 per share, with a book value per share decreasing to $2.87. The Agency RMBS portfolio shrank to $3.9 billion from $6.5 billion, alongside a reduced net interest spread of 2.51%. Economic conditions led to unrealized losses of $82.3 million on RMBS and derivatives. Looking ahead, management anticipates potential outperformance from the Agency RMBS sector despite ongoing challenges.
Bimini Capital Management (BMNM) will announce its second quarter 2022 results on August 11, 2022, after market close. An earnings conference call will take place the following day, August 12, 2022, at 10:00 AM ET, accessible via live audio webcast or dial-in registration. Bimini primarily invests in residential mortgage-related securities and serves as the external manager for Orchid Island Capital (ORC), a real estate investment trust. Bimini's management strategy aims at maximizing the yield spread on its assets.
Orchid Island Capital, Inc. (NYSE:ORC) has announced it will release its second quarter 2022 results on August 4, 2022, after the stock market closes. An earnings conference call will take place on August 5, 2022, at 10:00 AM ET. Investors can access the call by dialing 888-510-2356 and using conference ID 8493186. Additionally, a live audio webcast will be available on the company's investor relations website, with an archive accessible until September 4, 2022.
Orchid Island Capital (NYSE: ORC) declared a monthly cash dividend of $0.045 per share for July 2022, payable on August 29, 2022. The estimated book value per share as of June 30, 2022, is $2.87, while the company reported an estimated net loss of $0.34 per share, attributed to $0.46 of net losses on RMBS and derivatives. The estimated total return on equity was (10.0)% for the quarter. Orchid Island aims to distribute 90% of its REIT taxable income to avoid tax penalties but has not guaranteed future distributions.
Orchid Island Capital announced a monthly cash dividend of $0.045 per share for June 2022, with payment scheduled for July 27, 2022. Shareholders on record as of June 30, 2022 will receive this dividend, while the ex-dividend date is set for June 29, 2022. The company plans to announce its next dividend on July 13, 2022. As a REIT, it is required to distribute at least 90% of its taxable income annually to avoid income tax issues. However, the company has not guaranteed future distributions.
Summary not available.
Orchid Island Capital announced a monthly cash dividend of $0.045 per share for May 2022, payable on June 28, 2022, to shareholders on record as of May 31, 2022. The ex-dividend date is May 27, 2022. The company aims to maintain regular monthly distributions to meet its REIT obligations, which require it to distribute at least 90% of its taxable income annually. Additionally, the next dividend announcement is expected on June 14, 2022. As of May 11, 2022, the company had 177,117,186 shares outstanding.
Orchid Island Capital (NYSE:ORC) reported a significant net loss of $148.7 million ($0.84 per share) for Q1 2022, compared to a $29.4 million loss in Q1 2021. Total expenses were $4.7 million, while net interest income stood at $39.2 million. The company’s book value dropped to $3.34 per share, reflecting a $1.00 decrease. The total return was a negative 19.5%, attributed to dividend payouts and the decrease in book value. Orchid adapted to rising interest rates by repositioning its hedge positions and ensuring liquidity, despite challenges posed by inflation and geopolitical tensions.
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