Orchid Island Capital found using ticker (ORC) now have 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 4.25 and 3.5 with the average target price sitting at 3.88. Now with the previous closing price of 3.01 this is indicating there is a potential upside of 28.9%. The 50 day MA is 2.94 and the 200 day moving average is 3.78. The market cap for the company is $543m. You can visit the company’s website by visiting: https://www.orchidislandcapital.com
The potential market cap would be $700m 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.
