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) 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.
Orchid Island Capital, Inc. (NYSE:ORC) has priced an underwritten public offering of 8,000,000 shares of common stock, aiming for gross proceeds of approximately $44.4 million. The underwriter has a 30-day option for an additional purchase of 1,200,000 shares. The offering is set to close on March 5, 2021. The net proceeds will be used to invest in Agency RMBS and for general corporate purposes, with plans to borrow against these investments. The offering follows the Company's existing shelf registration declared effective on February 10, 2020.
Orchid Island Capital, Inc. (NYSE:ORC) announced a public offering of 8,000,000 shares of its common stock, with an option for the underwriter to purchase an additional 1,200,000 shares. J.P. Morgan is the sole bookrunning manager for this offering. The net proceeds will be utilized to invest in a targeted mix of Agency RMBS and for general corporate purposes. The offering is under an existing shelf registration declared effective by the SEC on February 10, 2020.
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.