Orchid Island Capital found using ticker (ORC) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 4.25 and 4.25 and has a mean target at 4.25. With the stocks previous close at 3.42 this would imply there is a potential upside of 24.3%. There is a 50 day moving average of 3.83 and the 200 day MA is 4.7. The market cap for the company is $586m. You can visit the company’s website by visiting: https://www.orchidislandcapital.com
The potential market cap would be $728m 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 ludes 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 pripal only securities. The company qualifies as a real estate investment trust for federal ome tax purposes. Orchid Island Capital was orporated in 2010 and is based in Vero Beach, Florida.
