Orchid Island Capital – Consensus Indicates Potential 34.3% 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 and has a mean target at 3.88. Given that the stocks previous close was at 2.89 this is indicating there is a potential upside of 34.3%. The 50 day MA is 2.94 and the 200 day MA is 3.88. The market capitalisation for the company is $519m. You can visit the company’s website by visiting: https://www.orchidislandcapital.com

The potential market cap would be $697m 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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