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.
Orchid Island Capital (NYSE:ORC) reported a net loss of $16.9 million or $0.17 per share for Q2 2021, down from a profit of $48.8 million a year prior. The company's total expenses were $3.7 million, while net interest income was $27.7 million. The book value per share decreased to $4.71. The company maintained a dividend of $0.195 per share, reflecting a total return of (0.7%). Management raised approximately $125 million in capital at an average selling price of $5.42 per share, directing funds toward higher coupon securities, while also reducing leverage to 8.2:1.
Orchid Island Capital (NYSE:ORC) will announce its second quarter 2021 results after market close on July 29, 2021. An earnings conference call is scheduled for July 30, 2021, at 10:00 AM ET, accessible via phone and live audio webcast. The company is a specialty finance firm focused on investing in Agency RMBS, managed by Bimini Advisors, LLC. Orchid's strategy includes traditional and structured Agency RMBS, enhancing its portfolio through leveraged investments.
Orchid Island Capital (NYSE:ORC) declared a monthly cash dividend of $0.065 per share for July 2021, to be paid on August 27, 2021. Shareholders of record by July 30, 2021 will receive it, with an ex-dividend date of July 29, 2021. The estimated book value per share as of June 30, 2021, is $4.71. For Q2 2021, the company reported a net loss per share of $0.17, largely due to $0.41 of losses on RMBS and derivatives. Additionally, the estimated total return on equity was (0.7)%.
Orchid Island Capital (NYSE: ORC) has declared a monthly cash dividend of $0.065 per share for June 2021, payable on July 28, 2021, to stockholders on record as of June 30, 2021. The ex-dividend date is set for June 29, 2021. This dividend announcement aligns with the Company’s strategy to make regular monthly distributions to common stockholders, essential for maintaining its status as a Real Estate Investment Trust (REIT). As of June 15, 2021, there are 107,413,793 shares outstanding.
Orchid Island Capital, Inc. (NYSE: ORC) has declared a monthly cash dividend of $0.065 per share for May 2021, payable on June 28, 2021. Holders of record as of May 28, 2021 will receive this dividend, with an ex-dividend date of May 27, 2021. The Company aims to maintain regular monthly cash distributions to meet its obligations as a real estate investment trust (REIT), which mandates distributing at least 90% of its taxable income. As of May 12, 2021, Orchid has 95,262,758 shares outstanding.
Orchid Island Capital (NYSE:ORC) reported a net loss of $29.4 million for Q1 2021, equating to $0.34 per share. Key highlights include net interest income of $24.9 million and total expenses of $3.5 million. The company declared dividends of $0.195 per common share, with a book value of $4.94 per share as of March 31, 2021. The total return was -6.0%, driven by a $0.52 decline in book value per share. Orchid's portfolio adjustments led to a decrease in prepayment speeds from 20.1% to 12.0%. Management expects improved yield performance in the current higher rate environment.
Orchid Island Capital (NYSE:ORC) announced it will release its Q1 2021 results on April 29, 2021, after market close. An earnings conference call is scheduled for April 30, 2021, at 10:00 AM ET, accessible via phone or through a live audio webcast on their website. Orchid specializes in investing in Agency RMBS, focusing on traditional pass-through and structured Agency RMBS. Managed by Bimini Advisors, the Company aims to leverage its investment strategy effectively.
Orchid Island Capital (NYSE:ORC) announced a monthly cash dividend of $0.065 per share for April 2021, payable on May 26, 2021. The ex-dividend date is April 29, 2021. The Company reported an estimated book value per share of $4.94 as of March 31, 2021, with total stockholders' equity around $466.2 million. However, the Company estimates a net loss per share of $0.34 due to net losses on RMBS and derivatives, which exceeds the $0.195 in dividends declared during the quarter.
Orchid Island Capital (NYSE:ORC) has declared a monthly cash dividend of $0.065 per share for March 2021, payable on April 28, 2021. Stockholders on record as of March 31, 2021 will qualify, with an ex-dividend date of March 30, 2021. The Company emphasizes its commitment to regular monthly distributions in order to maintain its status as a Real Estate Investment Trust (REIT), which requires at least 90% distribution of taxable income annually. As of March 17, 2021, it has 94,321,365 shares outstanding.
Orchid Island Capital (NYSE:ORC) has successfully closed a public offering of 9,200,000 shares of common stock, netting approximately $50 million after expenses. The underwriter exercised an option for 1,200,000 additional shares. The net proceeds will be used to invest in a mix of Agency RMBS and for general corporate purposes, with expectations to leverage these investments further through repurchase agreements. The offering was made under an existing shelf registration statement declared effective by the SEC on February 10, 2020.
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