Orchid Island Cap (NYSE:ORC) Stock, Quote.Headers.trade-ideas

Orchid Island Cap

Orchid Island Capital Inc invests in residential mortgage-backed securities (RMBS) across the United States. The principal and interest payments of its RMBS are guaranteed by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or the Government National Mortgage Association, and are backed by single-family residential mortgage loans. The company's investment portfolio is divided into two categories namely traditional pass-through Agency RMBS; and structured Agency RMBS, such as collateralized mortgage obligations, interest-only securities, inverse interest-only securities, and principal-only securities, among other types of structured Agency RMBS.

Orchid Island Capital

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The latest data from the Mortgage Bankers Association (MBA) revealed a significant uptick in U.S. mortgage applications.

US Mortgage Applications Surge As Rates Dip: Is The Industry Moving Out Of The Woods? Plus: Stocks, ETFs To Watch

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JMP Securities analyst Trevor Cranston reiterates Orchid Island Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>) with a Market Perform.

News

Reiteration

JMP Securities Reiterates Market Perform on Orchid Island Cap

Orchid Island Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>) reported quarterly losses of $(0.09) per share which missed the analyst consensus estimate of $(0.07) by 28.57 percent. The company reported quarterly sales of $(697.000 thousand) which beat the analyst consensus estimate of $(2.945 million) by 76.33 percent. This is a 92.04 percent increase over sales of $(8.760 million) the same period last year.

Earnings

Earnings Beats

Earnings Misses

Orchid Island Cap Q2 2024 Adj EPS $(0.09) Misses $(0.07) Estimate, Sales $(697.000K) Beat $(2.945M) Estimate

This includes an estimated&nbsp;$0.1 million&nbsp;of net realized and unrealized gains on RMBS and derivative instruments.&nbsp;

Guidance

Orchid Island Capital Estimates It Generated Q2 GAAP Net Loss Per Share Of $(0.09); Est $(0.10)

Janney Montgomery Scott analyst Jason Stewart initiates coverage on Orchid Island Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>) with a Buy rating and announces Price Target of $9.5.

Price Target

Initiation

Janney Montgomery Scott Initiates Coverage On Orchid Island Cap with Buy Rating, Announces Price Target of $9.5

Orchid Island Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>) reported quarterly losses of $(0.12) per share which missed the analyst consensus estimate of $(0.09) by 33.33 percent. The company reported quarterly sales of $(2.490 million) which beat the analyst consensus estimate of $(3.227 million) by 22.84 percent. This is a 40.78 percent increase over sales of $(4.205 million) the same period last year.

Orchid Island Cap Q1 2024 Adj EPS $(0.12) Misses $(0.09) Estimate, Sales $(2.490M) Beat $(3.227M) Estimate

Orchid Island Cap's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>) short percent of float has fallen 9.23% since its last report. The company recently reported that it has 3.98 million shares sold short, which is 7.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.62 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Orchid Island Cap Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712779233_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Orchid Island Cap has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Orchid Island Cap's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Orchid Island Cap's peer group average for short interest as a percentage of float is 6.24%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Orchid Island Cap?

A yield trap is a stock that presently pays a very attractive dividend yield but is likely to have to cut its dividend soon.
Beginning investors often make the mistake of choosing stocks simply based on high dividend yields, but often these are yield traps at high risk for cutting the dividend. When dividends are cut, the investor receives the double whammy of a price drop and a smaller dividend.
Investors can reduce the risk of buying a yield trap by focusing on two key factors — the relationship between earnings and dividends being paid (the payout ratio) and the company's history of cutting, suspending or raising the dividend. If the dividend being paid is more than the earnings being generated, a dividend cut becomes likely.
Take a look at six real estate investment trusts (REITs) that are at high risk for being yield traps based on one or both of the key factors cited.
Global Net Lease Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNL#NYSE">GNL</a>) is a New York-based net-lease diversified REIT, founded in 2011. Its portfolio of over 1,296 properties covers 66.8 million square feet across 11 countries. It has a 96% lease rate with a weighted average remaining lease term of 6.8 years. Properties in the U.S. and Canada account for 80% of Global Net Lease's portfolio, and another 20% are in Europe.
Global Net Lease pays a quarterly dividend of $0.35 and the annualized $1.40 dividend presently yields 19%. But the dividend was cut from $0.53 to $0.40 per share in April 2020 and again to $0.35 per share in October 2023. With forward funds from operations (FFO) of only $1.09, the payout ratio of 130% is too high to be sustainable. The FFO has also declined in five of the last six quarters, so the declining fundamentals are a huge red flag for investors.
Orchid Island Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>) is a Vero Beach, Florida-based specialty finance mortgage REIT that acquires, invests in and offers financing from U.S. residential mortgage-backed securities.
Orchid pays a monthly dividend of $0.12 per share and the $1.44 annualized dividend now yields 16.64%. But over the last five years, the dividend has been cut five times.
In addition, Orchid has produced negative earnings per share (EPS) in five consecutive quarters and has had four consecutive quarters of negative revenue. So Orchid is paying $1.44 in annual dividends while earning a negative $0.25 per share. Those numbers won't work for long.&nbsp;
Orchid is at extremely high risk of having to cut dividends again, and investors should not be taken in by the high dividend rate.&nbsp;&nbsp;
Ares Commercial Real Estate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACRE#NYSE">ACRE</a>) is a New York City-based mortgage REIT that originates and invests in commercial real estate loans and other investments in the U.S. Ares was incorporated in 2011.
Ares Commercial pays a quarterly dividend of $0.25 per share, but the dividend was cut from $0.35 to $0.33 in September and cut again to $0.25 per share in February.
The $1 annualized dividend yields 13.27%, but don't count on this yield remaining that high in the future when the forward EPS is only $0.17 per share.
Dynex Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DX#NYSE">DX</a>) is a Glen Allen, Virginia-based mortgage REIT that invests in mortgage-backed securities (MBS) on a leveraged basis. It has a portfolio fair value of $7.4 billion. Dynex was incorporated in 1987.
Dynex Capital pays a monthly dividend of $0.13 per share. To its credit, the dividend has been stable since June 2020. However, the dividend was cut in August 2019 and May 2020. And the annualized dividend of $1.56 per share does not cover the forward EPS of negative $0.12 per share. Dynex has had four consecutive quarters of negative EPS and revenue.
The 12.27% dividend yield is enticing, but this REIT is a potential yield trap and best avoided.&nbsp;
Generation Income Properties Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIPR#NASDAQ">GIPR</a>) is a Tampa, Florida-based diversified REIT that owns 26 single-tenant properties, including retail, office and industrial net lease properties in densely populated areas. Seventy-two percent of its tenants are investment grade credit or equivalent. Generation Income is still a small company that was founded in 2015 and went public in 2021.
Generation Income pays a monthly dividend of $0.039, and the annual dividend of $0.468 presently yields 12.58%. The dividend was cut from $0.54 per share to $0.39 per share in October 2022.
In addition to the dividend cut, this is another REIT with four consecutive quarters of negative FFO. The annualized dividend rate of $0.47 is unsustainable with a forward FFO of negative $0.22.
Although each of the preceding REITs may pay a nice dividend a time or two going forward, the potential for further dividend cuts and or declines in share price is too obvious to ignore. Investors should consider looking for better options, even if the dividend yields are smaller.
<h2 class="wp-block-heading">Explore Opportunities Beyond REITs</h2>
While publicly traded REITs offer a convenient way to invest in real estate, we believe that some of the most compelling opportunities lie in the private market. Benzinga's <a href="https://www.benzinga.com/go/real-estate-screener">real estate offering screener</a> features a curated selection of private market real estate offerings from trusted platforms with a track record of strong returns.
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Monday marks the last chance for investors to receive the next dividend payout from Orchid Island Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a monthly dividend of 12 cents per share. On Tuesday, Orchid Island Cap will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 12 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own ORC as of the end of Monday's session are eligible to receive the 12 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 26, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

Monday Is Your Last Chance To Buy Orchid Island Cap Before The Dividend Payout

Orchid Island Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>) reported its Q4 earnings results on Thursday, February 1, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Orchid Island Cap beat estimated earnings by 48.0%, reporting an EPS of $-0.13 versus an estimate of $-0.25.
Revenue was down $5.17 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.06 which was followed by a 3.43% drop in the share price the next day.
Here's a look at Orchid Island Cap's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.22</td>
<td>-0.01</td>
<td>0.35</td>
<td>0.30</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.28</td>
<td>-0.34</td>
<td>0.09</td>
<td>0.95</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>-7M</td>
<td>9.85M</td>
<td>14.97M</td>
<td>14.03M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>-8M</td>
<td>-8M</td>
<td>-4M</td>
<td>2.39M</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
Orchid Island Cap management provided guidance for Q4 2023, expecting earnings between $0.52 and $0.52 per share.
To track all earnings releases for Orchid Island Cap <a href="https://www.benzinga.com/quote/ORC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Orchid Island Cap Q4 Earnings

Orchid Island Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>) reported quarterly losses of $(0.13) per share which beat the analyst consensus estimate of $(0.25) by 48 percent. This is a 113.68 percent decrease over earnings of $0.95 per share from the same period last year. The company reported quarterly sales of $(2.79 million) which beat the analyst consensus estimate of $(10.28 million) by 72.90 percent. This is a 216.76 percent decrease over sales of $2.39 million the same period last year.

Orchid Island Cap Q4 Adj EPS $(0.13) Beats $(0.25) Estimate, Sales $(2.79M) Beat $(10.28M) Estimate

Orchid Island Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-01. Here's what investors need to know before the announcement.
Analysts estimate that Orchid Island Cap will report an earnings per share (EPS) of $-0.25. 
Orchid Island Cap bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.06, which was followed by a 3.43% drop in the share price the next day.
Here's a look at Orchid Island Cap's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.22</td>
<td>-0.01</td>
<td>0.35</td>
<td>0.30</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.28</td>
<td>-0.34</td>
<td>0.09</td>
<td>0.95</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.43%</td>
<td>-0.28%</td>
<td>0.28%</td>
<td>0.09%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706731279_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Orchid Island Cap were trading at $8.16 as of January 30. Over the last 52-week period, shares are down 34.47%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/ORC/earnings">To track all earnings releases for Orchid Island Cap visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Orchid Island Cap's Earnings

By the end of today, January 26, 2024, Invesco Mortgage Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVR#NYSE">IVR</a>) is set to deliver a dividend payout of $0.40 per share, equating to an annualized dividend yield of 17.60%. Shareholders who owned the stock prior to the ex-dividend date on December 28, 2023 will receive this payout.
<h3>Invesco Mortgage Capital Recent Dividend Payouts</h3>
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 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-12-28</td>
<td style="text-align: right;">4</td>
<td>$0.4</td>
<td>17.6%</td>
<td>2023-12-18</td>
<td>2023-12-29</td>
<td>2024-01-26</td>
</tr>
<tr>
<td>2023-10-05</td>
<td style="text-align: right;">4</td>
<td>$0.4</td>
<td>15.78%</td>
<td>2023-09-26</td>
<td>2023-10-09</td>
<td>2023-10-27</td>
</tr>
<tr>
<td>2023-06-30</td>
<td style="text-align: right;">4</td>
<td>$0.4</td>
<td>14.06%</td>
<td>2023-06-21</td>
<td>2023-07-03</td>
<td>2023-07-27</td>
</tr>
<tr>
<td>2023-04-06</td>
<td style="text-align: right;">4</td>
<td>$0.4</td>
<td>14.79%</td>
<td>2023-03-27</td>
<td>2023-04-10</td>
<td>2023-04-27</td>
</tr>
<tr>
<td>2023-01-06</td>
<td style="text-align: right;">4</td>
<td>$0.65</td>
<td>20.54%</td>
<td>2022-12-19</td>
<td>2023-01-09</td>
<td>2023-01-27</td>
</tr>
<tr>
<td>2022-10-07</td>
<td style="text-align: right;">4</td>
<td>$0.65</td>
<td>22.47%</td>
<td>2022-09-28</td>
<td>2022-10-11</td>
<td>2022-10-27</td>
</tr>
<tr>
<td>2022-07-08</td>
<td style="text-align: right;">4</td>
<td>$0.9</td>
<td>26.85%</td>
<td>2022-06-27</td>
<td>2022-07-11</td>
<td>2022-07-27</td>
</tr>
<tr>
<td>2022-04-07</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>16.0%</td>
<td>2022-03-28</td>
<td>2022-04-08</td>
<td>2022-04-27</td>
</tr>
<tr>
<td>2022-01-10</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>12.59%</td>
<td>2021-12-27</td>
<td>2022-01-11</td>
<td>2022-01-27</td>
</tr>
<tr>
<td>2021-10-08</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>11.32%</td>
<td>2021-09-28</td>
<td>2021-10-12</td>
<td>2021-10-26</td>
</tr>
<tr>
<td>2021-07-02</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>9.0%</td>
<td>2021-06-23</td>
<td>2021-07-06</td>
<td>2021-07-27</td>
</tr>
<tr>
<td>2021-04-08</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>9.09%</td>
<td>2021-03-26</td>
<td>2021-04-09</td>
<td>2021-04-27</td>
</tr>
</tbody>
</table>
With the highest dividend yield among its industry peers, Invesco Mortgage Capital outshines Orchid Island Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>), who have an annualized dividend yield of 16.65%.
<h3>Analyzing Invesco Mortgage Capital Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1706281519_0.png" alt="dividend chart graph" />
During the period of 2021 to 2023, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.36 to $1.60, reflecting the company's focus on providing greater returns to its shareholders.
<h3>YoY Earnings Growth For Invesco Mortgage Capital</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1706281519_1.png" alt="earning chart graph" />
From 2021 to 2023, Invesco Mortgage Capital experienced a growth in earnings per share, with an increase from $-9.40 to $5.92. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
<h3>Recap</h3>
This article takes an in-depth look at Invesco Mortgage Capital's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.40 per share today, translating to an annualized dividend yield of 17.60%.
With the highest dividend yield among its industry peers, Invesco Mortgage Capital outshines Orchid Island Cap, who have an annualized dividend yield of 16.65%.
Given that Invesco Mortgage Capital has experienced an increase in dividend per share from 2021 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
\To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Invesco Mortgage Capital Delivers Strong Performance and Growing Profits, Elevating Investor Returns

Orchid Island Cap's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>) short percent of float has fallen 4.09% since its last report. The company recently reported that it has 3.00 million shares sold short, which is 5.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.96 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Orchid Island Cap Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1706279420_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Orchid Island Cap has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Orchid Island Cap's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Orchid Island Cap's peer group average for short interest as a percentage of float is 2.98%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(ORC) - Analyzing Orchid Island Cap's Short Interest

By the close of today, January 15, 2024, Starwood Prop Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STWD#NYSE">STWD</a>) will issue a dividend payout of $0.48 per share, resulting in an annualized dividend yield of 8.84%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on December 28, 2023.
<h3>Starwood Prop Trust Recent Dividend Payouts</h3>
<style>
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 font-family: Arial, sans-serif;
 font-size: 14px;
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 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
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 background-color: #f2f4f8;
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 background-color: #e1e4ea;
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 }

 .dividend-frequency {
 font-size: 12px;
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 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-12-28</td>
<td style="text-align: right;">4</td>
<td>$0.48</td>
<td>8.84%</td>
<td>2023-12-15</td>
<td>2023-12-29</td>
<td>2024-01-15</td>
</tr>
<tr>
<td>2023-09-28</td>
<td style="text-align: right;">4</td>
<td>$0.48</td>
<td>9.15%</td>
<td>2023-09-15</td>
<td>2023-09-30</td>
<td>2023-10-16</td>
</tr>
<tr>
<td>2023-06-29</td>
<td style="text-align: right;">4</td>
<td>$0.48</td>
<td>9.97%</td>
<td>2023-06-15</td>
<td>2023-06-30</td>
<td>2023-07-17</td>
</tr>
<tr>
<td>2023-03-30</td>
<td style="text-align: right;">4</td>
<td>$0.48</td>
<td>10.95%</td>
<td>2023-03-16</td>
<td>2023-03-31</td>
<td>2023-04-14</td>
</tr>
<tr>
<td>2022-12-29</td>
<td style="text-align: right;">4</td>
<td>$0.48</td>
<td>9.62%</td>
<td>2022-12-09</td>
<td>2022-12-30</td>
<td>2023-01-13</td>
</tr>
<tr>
<td>2022-09-29</td>
<td style="text-align: right;">4</td>
<td>$0.48</td>
<td>8.25%</td>
<td>2022-09-16</td>
<td>2022-09-30</td>
<td>2022-10-14</td>
</tr>
<tr>
<td>2022-06-29</td>
<td style="text-align: right;">4</td>
<td>$0.48</td>
<td>9.39%</td>
<td>2022-06-15</td>
<td>2022-06-30</td>
<td>2022-07-15</td>
</tr>
<tr>
<td>2022-03-30</td>
<td style="text-align: right;">4</td>
<td>$0.48</td>
<td>8.36%</td>
<td>2022-03-14</td>
<td>2022-03-31</td>
<td>2022-04-15</td>
</tr>
<tr>
<td>2021-12-30</td>
<td style="text-align: right;">4</td>
<td>$0.48</td>
<td>8.28%</td>
<td>2021-12-15</td>
<td>2021-12-31</td>
<td>2022-01-14</td>
</tr>
<tr>
<td>2021-09-29</td>
<td style="text-align: right;">4</td>
<td>$0.48</td>
<td>7.78%</td>
<td>2021-09-15</td>
<td>2021-09-30</td>
<td>2021-10-15</td>
</tr>
<tr>
<td>2021-06-29</td>
<td style="text-align: right;">4</td>
<td>$0.48</td>
<td>7.17%</td>
<td>2021-06-14</td>
<td>2021-06-30</td>
<td>2021-07-15</td>
</tr>
<tr>
<td>2021-03-30</td>
<td style="text-align: right;">4</td>
<td>$0.48</td>
<td>8.13%</td>
<td>2021-03-11</td>
<td>2021-03-31</td>
<td>2021-04-15</td>
</tr>
</tbody>
</table>
When comparing Starwood Prop Trust's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Orchid Island Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>) having the highest annualized dividend yield at 16.61%.
<h3>Analyzing Starwood Prop Trust Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1705331125_0.png" alt="dividend chart graph" />
From 2020 to 2023, the company maintained a consistent dividend per share of $1.92. This signifies the company's dedication to a stable dividend policy, which is reassuring for shareholders seeking reliable returns on their investments.
<h3>YoY Earnings Growth For Starwood Prop Trust</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1705331125_1.png" alt="earning chart graph" />
From 2020 to 2023, Starwood Prop Trust has demonstrated an upward trend in earnings, with earnings per share rising from $1.95 to $1.97. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
<h3>Recap</h3>
In this article, we explore the recent dividend payout of Starwood Prop Trust and its significance for shareholders. The company has decided to distribute a dividend of $0.48 per share today, which equates to an annualized dividend yield of 8.84%.
When comparing Starwood Prop Trust's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Orchid Island Cap having the highest annualized dividend yield at 16.61%.
Despite no adjustment in the dividend per share over the period of 2020 to 2023, the consistent growth in earnings per share for Starwood Prop Trust indicates a sound financial status, which could enable the company to continue sharing profits with its investors.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

STWD

Continued Investor Value: Starwood Prop Trust Maintains Dividends as Earnings Expand

Orchid Island Capital Estimates It Generated Q4 EPS Of $0.52, Which Includes $0.65 Per Share Of Net Realized And Unrealized Gains On RMBS And Derivative Instruments

Mortgage real estate investment trusts (mREITs) are investment vehicles that focus on generating income through mortgage-related assets, such as mortgage-backed securities and mortgage loans.
Unlike traditional REITs that invest directly in real estate, mortgage REITs earn income from the interest on mortgage assets, offering investors exposure to the mortgage market with the potential for high dividend yields.
Here are the three mortgage REITs with the highest yields.&nbsp;
<h2 class="wp-block-heading">Orchid Island Capital Inc.</h2>
As a specialty finance company that invests in residential mortgage-backed securities (RMBS), Orchid Island Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>) has the highest dividend yield at 21.04%. The company&#8217;s investment strategy focuses on the acquisition and management of government-backed RMBS, aiming to generate attractive risk-adjusted returns for investors.
<h2 class="wp-block-heading">NexPoint Real Estate Finance Inc.</h2>
NexPoint Real Estate Finance Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NREF#NYSE">NREF</a>) has a current yield of 17.29%. The company focuses on originating, structuring and investing in first mortgage loans and mortgage-backed securities. Its strategy is centered on providing structured financing solutions to property owners across various sectors, including multifamily, office and hospitality. Its objective is to deliver stable, risk-adjusted returns to investors.
<h2 class="wp-block-heading">Invesco Mortgage Capital Inc.</h2>
​​Invesco Mortgage Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVR#NYSE">IVR</a>) has a current yield of 17.02% with an investment portfolio including a diverse range of assets like government agency RMBS, nonagency RMBS, commercial mortgage-backed securities (CMBS) and residential and commercial loans. Its overarching strategy is designed to provide sustainable income and capital appreciation for its investors.
Remember, these are the mortgage REITs with the highest yields. That doesn't necessarily make them the best for you.&nbsp;
Investing in real estate just got a whole lot simpler, and you can get started in minutes with as little as $100. <a href="https://www.benzinga.com/alternative-investments/real-estate">Browse available offerings here</a>.

The latest data from the Mortgage Bankers Association (MBA) revealed a significant uptick in U.S. mortgage applications, marking a 3% increase from the previous week and the sharpest weekly <a href="https://www.benzinga.com/mortgage-rates">rise in two months.</a>
The surge came during a decrease in the average contract interest rate for 30-year fixed-rate mortgages, now at 7.41%, the lowest in two months.
Joel Kan, MBA's vice president and deputy chief economist, stated a reduction in U.S. bond yields triggered a decline in mortgage rates as incoming data signaled a softer economy and more signs of cooling inflation. 
"Mortgage applications increased to their highest level in six weeks, but remain at very low levels,&#8221; he added.
Yields on a 30-year Treasury bond fell to 4.53% at the time of this writing, marking the lowest level in two months. The popular iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) has rallied over 10% over the past month, 
<h2 class="wp-block-heading">Chart: 30-Year Mortgage Rates Drop To 7.41%, Providing Relief To Applications</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="760" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/22105415/USMR_2023-11-22_14-53-22_d6fc2-1024x760.png" alt="" class="wp-image-148146" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/22105415/USMR_2023-11-22_14-53-22_d6fc2-1024x760.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/22105415/USMR_2023-11-22_14-53-22_d6fc2-300x223.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/22105415/USMR_2023-11-22_14-53-22_d6fc2-768x570.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/22105415/USMR_2023-11-22_14-53-22_d6fc2.png 1455w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
This rise in mortgage applications signaled a potential shift in the housing market, possibly driven by cooling inflation and a more approachable interest rate environment.
In its latest housing market outlook, Morgan Stanley anticipated improving affordability for U.S. houses heading into 2024. 
Morgan Stanley's experts believed a decrease in mortgage rates could spur a rise in the availability of homes for sale, leading to a modest drop in home prices, around 3%, by the end of 2024. 
However, the sustainability of this trend remained to be seen, especially considering the still subdued levels of refinance applications.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35898749/us-housing-market-braces-for-affordability-as-mortgage-rates-ease-what-analysts-exp">US Housing Market Braces For Affordability As Mortgage Rates Ease: What Analysts Expect For 2024</a>
Market Reactions: Real estate stocks, as tracked by the Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>), rose 0.7% minutes after the opening bell on Wednesday. Prologis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>), American Tower Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>), CoStar Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) figured among the sector&#8217;s best performers for the day, each posting a 1% increase. 
The iShares Mortgage Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REM#NYSE">REM</a>) also showed a similar performance. Today&#8217;s top performers in this niche included NexPoint Real Estate Finance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NREF#NYSE">NREF</a>), up 2.2%, BrightSpire Capital, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRSP#NYSE">BRSP</a>), up 1.4% and Orchid Island Capital, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>) up 1.2%. 
Read Now: <a href="https://www.benzinga.com/money/mortgages/find">Purchase and Refinance Mortgage Finder</a>

Orchid Island Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORC#NYSE">ORC</a>) reported quarterly losses of $(0.28) per share which missed the analyst consensus estimate of $(0.22) by 27.27 percent. This is a 88.33 percent increase over losses of $(2.40) per share from the same period last year. The company reported quarterly sales of $(8.60 million) which missed the analyst consensus estimate of $(7.62 million) by 12.83 percent. This is a 160.34 percent decrease over sales of $14.25 million the same period last year.

Orchid Island Cap Q3 2023 Adj EPS $(0.28) Misses $(0.22) Estimate, Sales $(8.60M) Miss $(7.62M) Estimate

Orchid Island Capital, Inc. 2024 Q2 - Results - Earnings Call Presentation

Orchid Island Capital: Q2 Earnings Show No Signs Of Turning Around

Bashing Big Yielders

Orchid Island Capital declares $0.12 dividend

Chasing Goldilocks

80 Monthly Paid Dividend Stocks And 80 MoPay Funds For August

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Arm reaches for 20% revenue growth on AI tailwinds: JP Morgan

The High Yield Desert

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Press Releases

Orchid Island Capital Announces Estimated First Quarter 2024 Results, April 2024 Monthly Dividend and March 31, 2024 RMBS Portfolio Characteristics

Orchid Island Capital Announces First Quarter 2024 Results

Orchid Island Capital Announces May 2024 Monthly Dividend and April 30, 2024 RMBS Portfolio Characteristics

Orchid Island Capital Announces June 2024 Monthly Dividend and May 31, 2024 RMBS Portfolio Characteristics

Orchid Island Capital to Announce Second Quarter 2024 Results

Bimini Capital Management to Announce Second Quarter 2024 Results

Orchid Island Capital Announces Estimated Second Quarter 2024 Results, July 2024 Monthly Dividend and June 30, 2024 RMBS Portfolio Characteristics

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Orchid Island Cap (ORC) Forecast

Orchid Island Cap (NYSE:ORC) Stock, Quote.Headers.trade-ideas