Mortgage REIT crushed Q2 with $0.44 EPS and $96M revenue as net interest spreads widened to 1.94%, swinging from a year-ago loss to $89M in profit on elevated RMBS gains. CEO signals 16.5% to 17% annualized returns ahead in a range-bound rate environment.
Orchid Island Capital :
ORC
ORC
Stock Data
$6.56
$0.14 (2.18%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
REAL ESTATE
Industry
REIT - MORTGAGE
Orchid Island Capital Inc is a specialty finance firm based in Vero Beach, Florida, focusing on investing in residential mortgage-backed securities (RMBS) in the U.S. These securities are supported by single-family residential mortgage loans. The company's investments include a variety of RMBS, such as mortgage pass-through certificates and more complex structured securities. Orchid Island Capital operates as a real estate investment trust (REIT), allowing it to avoid corporate income tax on income distributed to shareholders, provided it meets certain distribution requirements.
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