ORC — Orchid Island Capital Inc.
NYSE · Real Estate · REIT - Mortgage
$6.54
-$0.05 (-0.76%)
Orchid Island Capital Inc. (ORC) is a reit - mortgage company listed on NYSE. It is led by George Hunter Haas IV, based in 3305 Flamingo Drive, Vero Beach, FL, United States, 32963. 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 to as Agency RMBS. Its portfolio comprises traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS, including interest only securities, inverse interest only securities, and principal only securities. The company has elected to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to stockholders, if it annually distributes dividends equal to at least 90% of its REIT taxable income to its shareholders. Orchid Island Capital, Inc. was incorporated in 2010 and is headquartered in Vero Beach, Florida.
Net income was $72.1M. ORC currently screens at market cap $1.33B and trailing P/E 7.0.
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About Orchid Island Capital Inc.
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 to as Agency RMBS. Its portfolio comprises traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS, including interest only securities, inverse interest only securities, and principal only securities. The company has elected to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to stockholders, if it annually distributes dividends equal to at least 90% of its REIT taxable income to its shareholders. Orchid Island Capital, Inc. was incorporated in 2010 and is headquartered in Vero Beach, Florida.
ORC Key Statistics
Market Cap
$1.33B
Volume
2.00M
Previous Close
$6.75
Day Range
$6.69 – $6.78
P/E Ratio
6.96
P/B Ratio
0.96
EPS
$0.00
Revenue
$0.00
Net Income
$37.66M
Gross Profit
$0.00
Free Cash Flow
$0.00
Dividend Yield
21.56%
ORC Financials
Annual income statement in USD. Latest reported periods first.
| Line | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Cost of Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross Profit | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | $37.66M | -$39.23M | -$258.45M | -$64.76M |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | $0.00 |
Total Assets
$5.72B
Total Debt
$0.00
Shareholders' Equity
$0.00
Cash & Equivalents
$309.33M
Operating Cash Flow
$66.99M
Free Cash Flow
$0.00
Orchid Island Capital Inc. Company Information
- CFO, Chief Investment Officer, Secretary & Management Director
- George Hunter Haas IV
- Headquarters
- 3305 Flamingo Drive, Vero Beach, FL, United States, 32963
- Website
- www.orchidislandcapital.com
- Phone
- 772 231 1400
- IPO / Founded
- 2013-02-14
- Sector
- Real Estate
- Industry
- REIT - Mortgage