Orchid Island Capital found using ticker (ORC) have now 2 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 4.25 and 3.5 with a mean TP of 3.88. Now with the previous closing price of 3.14 this is indicating there is a potential upside of 23.6%. The 50 day MA is 3.03 and the 200 day moving average is 4.08. The company has a market capitalisation of $558m. Visit the company website at: https://www.orchidislandcapital.com
The potential market cap would be $689m based on the market concensus.
Orchid Island Capital, 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. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities. The company qualifies as a real estate investment trust for federal income tax purposes. Orchid Island Capital was incorporated in 2010 and is based in Vero Beach, Florida.
