Despite the 17% dividend yield, investors need to tread carefully when they consider this mortgage REIT. Shares of ORCL fell on Tuesday after the company released mixed first-quarter financial results after the market close on Monday. The stock appears to be recovering after falling more than 13% on Tuesday. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
- The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
- Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
- Orchid Island Capital, Inc. operates as a specialty finance company, investing in residential mortgage-backed securities (RMBS).
- Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
- As of August 31st, there was short interest totaling 2,930,000 shares, an increase of 73.4% from the August 15th total of 1,690,000 shares.
We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. ORC’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Style is an investment factor that has a meaningful impact on investment risk and returns.
The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. On Wednesday, JP Morgan analyst Mark Murphy downgraded Oracle from Overweight to Neutral and lowered the price target from $112 to $100. Oracle reported revenue of $12.45 billion, up 9% year-over-year and first-quarter adjusted earnings per share of $1.19, beating a Street consensus estimate of $1.15. Though Oracle beat analyst consensus estimates, investors seem to have been anticipating stronger financial results. 5 employees have rated Orchid Island Capital Chief Executive Officer Torben Munch on Glassdoor.com.
An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split. As of August 31st, there was short interest totaling 2,930,000 shares, an increase of 73.4% from the August 15th total of 1,690,000 shares. Based on an average trading volume of 1,270,000 shares, the short-interest ratio is currently 2.3 days. Orchid Island Capital’s most recent monthly dividend payment of $0.16 per share was made to shareholders on Tuesday, August 29, 2023. Orchid Island Capital’s next monthly dividend payment of $0.16 per share will be made to shareholders on Wednesday, September 27, 2023. Orchid Island Capital’s next monthly dividend payment of $0.16 per share will be made to shareholders on Friday, October 27, 2023.
The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. REITs are dividend-paying entities that own or finance real estate. Citigroup analyst Tyler Radke maintained Oracle with a Neutral and lowered the price target from $138 to $120. Upgrade to MarketBeat All Access to add more stocks to your watchlist.
Orchid Island Capital Inc
The most recent change in the company’s dividend was a decrease of $0.0650 on Wednesday, August 17, 2022. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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The structured Agency RMBS consist of interest only, inverse interest only, and principal only securities. Orchid Island Capital Inc invests in residential mortgage-backed securities (RMBS) across the United States. As real estate investment trusts (REITs) are required to distribute 90% of their taxable income to shareholders through dividend payments, and the rise in interest rates should prove to be a positive … Orchid Island Capital shares reverse split on the morning of Wednesday, August 31st 2022. The 1-5 reverse split was announced on Wednesday, August 31st 2022. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, August 31st 2022.
The specialty finance company reported first-quarter earnings guidance, and an analyst downgraded the stock. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news.
The post-earnings sell-off in Oracle (ORCL) is overdone and a clear-cut buying opportunity, Jim Cramer said Tuesday. Compare
ORC’s historical performance
against its industry peers and the overall market. Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
similar fashion. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse https://1investing.in/ or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
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. The company has elected to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes. Orchid Island Capital, Inc. was incorporated in 2010 and is headquartered in Vero Beach, Florida. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
Stock Price Target ORC
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The technique has proven to be very useful for finding positive surprises. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
Torben Munch has an approval rating of 63% among the company’s employees. This puts Torben Munch in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Orchid Island Capital issued an update on its second quarter 2023 earnings guidance on Friday, July, 14th. The company provided EPS guidance of -$0.34–$0.34 for the period, compared to the consensus estimate of -$0.01. Orchid Island Capital’s stock was trading at $10.50 at the beginning of the year. Since then, ORC stock has decreased by 8.7% and is now trading at $9.59.
Style is calculated by combining value and growth scores, which are first individually calculated. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
One share of ORC stock can currently be purchased for approximately $9.59. Sign-up to receive the latest news and ratings for Orchid Island Capital and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
The structured Agency RMBS comprise of interest only, inverse interest only, and principal only securities. The company was founded on August 17, 2010 and is headquartered in Vero Beach, FL. Orchid Island Capital, Inc. operates as a specialty finance company, investing in residential mortgage-backed securities (RMBS).
The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons thestockcut order tracking have been excluded from these return calculations. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.