Orchid Island Capital – Consensus Indicates Potential 20.5% Upside

Broker Ratings

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 a mean TP of 3.88. Now with the previous closing price of 3.22 this would indicate that there is a potential upside of 20.5%. There is a 50 day moving average of 2.98 and the 200 day MA is 3.7. The company has a market capitalisation of $559m. Company Website: https://www.orchidislandcapital.com

The potential market cap would be $673m based on the market concensus.

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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.

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