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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Bimini Capital Management will release its first quarter 2023 results on May 11, 2023, after trading closes. An earnings conference call is scheduled for May 12, 2023, at 10:00 AM ET. This call will be accessible via a live audio webcast on their investor relations page. Bimini specializes in investing in residential mortgage-related securities and manages Orchid Island Capital as an external manager, generating revenue through management fees. The company operates from Vero Beach, Florida.
Orchid Island Capital, Inc. (NYSE: ORC) has declared an April 2023 monthly dividend of $0.16 per share, payable on May 26, 2023, to stockholders on record as of April 28, 2023. The estimated book value per share as of March 31, 2023, is reported at $11.56, with a net income per share of $0.10 for the same quarter. The company also noted an estimated total return on equity of 0.9% for the quarter, which includes $0.33 in realized and unrealized gains on RMBS and derivatives. These estimates are preliminary and subject to review by independent auditors. However, total dividends declared during the quarter of $0.48 per share exceed the net income, indicating a reliance on gains for dividend payments.
Orchid Island Capital, a real estate investment trust (REIT), will release its Q1 2023 earnings results on April 27, 2023, post-market. An earnings conference call is scheduled for April 28, 2023, at 10:00 AM ET, accessible via phone at (888) 510-2356, with conference ID 8493186. The call will also be available through a live audio webcast on the company's investor relations page. An audio archive will be provided until May 26, 2023.
Orchid Island Capital specializes in investing in Agency RMBS on a leveraged basis, focusing on traditional pass-through certificates and structured RMBS. The company is managed by Bimini Advisors, LLC.
Orchid Island Capital, Inc. (NYSE: ORC) has declared a monthly cash dividend of $0.16 per share for March 2023, payable on April 26, 2023. Stockholders must be on record by March 31, 2023, with the ex-dividend date set for March 30, 2023. The Company must distribute at least 90% of its taxable income to qualify as a REIT and avoid income tax on undistributed amounts. As of March 9, 2023, the Company had 39,081,942 shares of common stock outstanding, increasing from 36,764,983 as of December 31, 2022. The next dividend announcement is expected on April 12, 2023.
Orchid Island Capital (NYSE:ORC) reported a net income of $34.9 million ($0.95 per share) for Q4 2022, recovering from a net loss of $44.6 million in Q4 2021. Total expenses were $5.9 million. The company declared dividends of $0.48 per share for Q4, with a full-year dividend of $2.475 per share. Orchid's book value increased to $11.93 per share. The total return for Q4 was 8.67%, driven by a $0.51 increase in book value. However, for the full year, Orchid reported a net loss of $258.5 million. The portfolio's Agency RMBS decreased to $3.5 billion from $6.5 billion in 2021. Liquidity remained strong at $233 million, representing 53% of stockholder's equity.
Orchid Island Capital (NYSE: ORC) has announced a $0.16 monthly cash dividend for February 2023, payable on March 29, 2023. Shareholders on record as of February 28, 2023 will receive this dividend, with an ex-dividend date of February 27, 2023. The company aims to maintain regular monthly cash distributions to comply with REIT regulations, which require at least 90% of taxable income to be distributed. As of mid-February 2023, Orchid Island Capital had approximately 39 million shares outstanding, up from 36.76 million at the end of December 2022. The next dividend announcement is expected on March 9, 2023.
Bimini Capital Management (BMNM) is set to release its fourth quarter 2022 financial results after market close on March 9, 2023. An earnings conference call will follow on March 10, 2023, at 10:00 AM ET, accessible via a live audio webcast on the company's investor relations site.
Bimini primarily invests in residential mortgage-related securities from Fannie Mae, Freddie Mac, and Ginnie Mae. Its subsidiary, Bimini Advisors, serves as the external manager for Orchid Island Capital (NYSE: ORC), earning management fees and overseeing day-to-day operations.
Orchid Island Capital, Inc. (NYSE:ORC), a real estate investment trust, is set to release its fourth quarter 2022 results after the market closes on February 23, 2023. An accompanying earnings conference call will take place on February 24, 2023, at 10:00 AM ET, accessible by dialing (888) 510-2356 with conference ID 8493186. Additionally, a live audio webcast will be available on the Company's investor relations website, with an audio archive accessible until March 26, 2023.
Orchid specializes in leveraged investments in Agency RMBS, focusing on traditional and structured Agency RMBS.
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