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Orchid Island Capital, Inc. (ORC)

NYSE - NYSE Delayed Price. Currency in USD
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5.06-0.02 (-0.39%)
At close: 4:00PM EDT
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  • C
    Crypt
    ORC now at exact same prices as exactly 1 year ago. Wild.
  • M
    Mike
    I have 36000 share
    Bullish
  • F
    Fddfg
    I actually expected a lower BV verses their estimate. All things considered in this sector and fluctuations in the 10 year treasury, they did somewhat ok. 
  • K
    Katitsa
    The dividend of $0.065 per share will be paid August 27, 2021 to holders of record of the Company’s common stock on July 30, 2021, with an ex-dividend date of July 29, 2021. The Company plans on announcing its next common stock dividend on August 18, 2021.
  • c
    chris
    would someone please fix my logic.
    As mortgage rates fall, I think that the existing mortgages ORC holds would become more valuable and BV would rise. Mortgage rates fell during Q2, and at the end of the qtr were 20bp lower than at the beginning.
    So why did ORC's BV fall between Q1 and Q2? Help
  • J
    Jim U.
    Well, I am getting my original wish to buy below $5. Still rolling the dice on this one and adding down here.
  • E
    Ernestas
    It looks like a bad dividend stock. Constant share dilution, low business growth. It is not a recipe for long term success. This stock never had an year when it had appreciated in its worth. Since its value already collapsed, I think it is reasonably safe investment. However, tendency of this stock to lose annually 10-15% of its worth pretty much wipes away any value this stock might have. I would say that in a short term this stock will remain neutral in a period which is good for REITS in general.
    Neutral
  • K
    Kenneth
    Ight gents give it to me straight... Buy or ignore?

    I've been eyeing this stock for some time and the yield has become insanely appealing to me (not to mention it looks like it has a floor at $5)

    But looking in the comments people sound sketchy about this stock (It has to keep issuing shares just to pay the dividend, its lost 50% of its value and dropped its dividends down by 54%).

    Honest opinions, is this a buy or not
  • K
    Katitsa
    Upgrades & Downgrades
    Downgrade JonesTrading: Hold to Sell 4/15/2021
    Why the downgrade?
  • k
    ken
    THIS IS WHY ALL THE MORTGAGE REITS ARE DOWN TODAY,,,TWO IS OFFERING 40 MILLION SHARES TAKING IN OVER $200 MILLION TO INVEST IN ADDITIONAL MORTGAGES...READ BELOW AND LEARN THAT THIS IS A BUYING OPPORTUNITY...

    https://finance.yahoo.com/news/two-harbors-investment-corp-announces-114500670.html
    Bullish
  • C
    Chris
    Still above estimated book value!
  • N
    Nickey
    Wow 62,000. Nice ... I have to buy more to average down Especially Before ex date I think is next Thursday .
  • c
    chris
    Q2 estimates are bad but better than q1.
    They continue to accrue the same ugly risk management losses, which means they still are probably employing the same risk management team.
    (Crazy - the same people doing the same thing over and over and expecting different results)
    Q2, 2021
    Net loss of $0.17 per share
    Estimated Book Value Per Share as of June 30, 2021 of $4.71
    Estimated GAAP net loss of $0.17 per share for the quarter ended June 30, 2021, including an estimated $0.41 per share of net realized and unrealized losses on RMBS and derivative instruments
    Q1 2021
    Net loss $0.34 per share
    Book value per share of $4.94 at March 31, 2021
    Net realized and unrealized losses of $50.8 million, or $0.60 per common share, on RMBS and derivative instruments, including net interest expense on interest rate swaps
  • k
    ken
    UNDERSTANDING THE NUMBERS >>>

    FIRST OFF THERE CREDIT SWAPPS WAS THE PROBLEM AS THE 10 YEAR BOND EDGED LOWER DURING THE 1/4ER BUT THERE TOTAL NUMBERS WERE GOOD ON THE MORTGAGE PROFIT SIDE...IMO THE LOW INTEREST RATE ENVIRONMENT WILL CHANGE SOON IN THERE FAVOR...

    OK, NOW A WALK THRU THE #ERS...

    https://finance.yahoo.com/news/orchid-island-capital-announces-estimated-211300386.html

    IT STATES THAT THEY LOST .17 BUT THE CREDIT SWAP PROBLEM LOST WAS .41...

    SO THAT MEANS THAT ON THE MORTGAGE PROFIT SIDE THEY HAD A PROFIT OF .43.5 CENTS A SHARE...

    THE BREAK DOWN WAS A LOSS OF .41 - 17 = 24 = DIV PAID OF .19.5 = A MORTGAGE PROFIT OF .43.5

    THE MORTGAGE PROFIT OF ,43.5 AND THE DIV. COST OF .19.5 MEANS THEY HAD AN ADDITIONAL PROFIT OF .24 ON THE MORTGAGE BUSINESS SIDE WHICH IS THE MOST IMPORTANT...THE CREDIT SWAPS IS JUST LIKE YOUR CAR INSURANCE THAT YOU PAY AND DON'T COLLECT ANYTHING UNLESS YOU HAVE AN ACCIDENT...IMO THEY OVERPLAYED THE RISING INTEREST RATE ENVIROMENT THAT HASN'T HAPPENED YET...

    THIS MEANS THAT AS SOON AS THE INTEREST RATES GO HIGHER OR THEY ADJUST THERE CREDIT SWAPPS
    THERE EARNINGS SHOULD ROCK...THE FACT THAT THEY KEPT THE DIV. FOR AUGEST THE SAME GIVES ME CONFIDENCE BUT WHOEVER WAS INCHARGE OF CREDIT SWAPS SHOULD BE FIRED...IF ONLY AGNC WOULD BUY THEM OUT AND MANAGE THEIR ASSETS .
    Bullish
  • S
    Story P
    The stock market is 50% numbers and 50% emotion which creates volatility. If you don't know how to interpret the numbers and have the patience to ride out the panic swings, you're going 100% emotion which means you will be in the group that over reacts to the constant changes in the numbers, which likely means you're going to get whip sawed and eaten by the sharks. In short: If this or any stock you own is a constant worry, sell it and get some sleep.
  • K
    Ken
    I have owned this stock in the past and sold it at a loss. Three months ago, I picked up 2,000 shares with the dividend yielding 13% per year. I thought that things had changed for the better. Today, I an sitting on a 13% loss. So, if the stock price remains the same until next March, I will have zero dollars in earnings.

    Take a look at five years ago. The price was $10.29 and the 14 cent monthly dividend gave an annual yield of 16.3%. Today, the stock price at $5.23 is down nearly 50%, and the monthly dividend is down to 6.5 cents, a decrease of nearly 54%. So, a five year investor has lost half of his original investment and half of his monthly dividends.
  • J
    Jim U.
    on a side note for my monthly div players. Did anyone else own or get nailed when EPR (Reit) cut their dividend during covid. They just reinstated the monthly dividend!!! I held it through the pain. Announcement was 2 days ago but I just found out. More monthly income!
  • n
    nereu
    ORC depends strongly on the shape of the yield curve; the steeper the better. When the Fed starts tapering the yield curve will probably steepen, as long as the Fed maintains its funds rate at close to zero. This is a very likely scenario, coming soon, and beneficial to ORC. As long as the yield curve is becoming less steep, ORC will be facing downward pressure. This is true for mREITs in general; e.g., AGNC.
  • c
    chris
    I own ORC and other mreits - I'm slowly moving out of ORC for many reason, one of which is their leverage ratio,
    The other reits I hold (arr, nly, agnc, two) have 5:1 leverage ratio - which seems reasonable if tapering is ending.
    ORC sits at 9:1. There are times for that high a ratio, but I don't think now is one of those times.
    But ORC's divi is so fine.
  • B
    Byron
    ORC what are you doing baby!!!??? I have averaged down at least 7 times. Please don’t make me move all my money to QYLD & RYLD.