Equity Overview
Price & Market Data
Price: $7.05
Daily Change: +$0.0558 / 0.79%
Daily Range: $7.01 - $7.08
Market Cap: $890,904,896
Daily Volume: 2,263,657
Performance Metrics
1 Week: 1.01%
1 Month: -3.30%
3 Months: -1.40%
6 Months: -15.30%
1 Year: -8.22%
YTD: -9.64%
Details
Orchid Island Capital, Inc., 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 comprises 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 has elected to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to stockholders, if it annually distributes dividends equal to at least 90% of its REIT taxable income to its shareholders. Orchid Island Capital, Inc. was incorporated in 2010 and is headquartered in Vero Beach, Florida.