Orchid Island Capital – Consensus Indicates Potential 30.5% Upside

Broker Ratings

Orchid Island Capital with ticker code (ORC) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 6 and 4.25 calculating the mean target price we have 5.13. Given that the stocks previous close was at 3.93 this now indicates there is a potential upside of 30.5%. The 50 day MA is 4.42 and the 200 moving average now moves to 4.98. The company has a market cap of $683m. You can visit the company’s website by visiting: https://www.orchidislandcapital.com

The potential market cap would be $892m 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, including 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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