Deutsche Bank AG trimmed its holdings in shares of Orchid Island Capital Inc (NYSE:ORC) by 31.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,219 shares of the real estate investment trust’s stock after selling 34,518 shares during the quarter. Deutsche Bank AG’s holdings in Orchid Island Capital were worth $479,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Northern Trust Corp increased its holdings in Orchid Island Capital by 0.3% during the fourth quarter. Northern Trust Corp now owns 592,412 shares of the real estate investment trust’s stock valued at $3,785,000 after buying an additional 1,647 shares during the period. Bank of New York Mellon Corp increased its holdings in Orchid Island Capital by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 204,780 shares of the real estate investment trust’s stock valued at $1,308,000 after buying an additional 3,062 shares during the period. Bank of America Corp DE increased its holdings in Orchid Island Capital by 30.9% during the fourth quarter. Bank of America Corp DE now owns 39,393 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 9,304 shares during the period. Advisor Group Inc. increased its holdings in Orchid Island Capital by 19.4% during the fourth quarter. Advisor Group Inc. now owns 61,359 shares of the real estate investment trust’s stock valued at $393,000 after buying an additional 9,960 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its holdings in Orchid Island Capital by 313.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,079 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 10,677 shares during the period. 33.66% of the stock is currently owned by institutional investors.

NYSE ORC opened at $6.51 on Thursday. Orchid Island Capital Inc has a 12-month low of $5.83 and a 12-month high of $8.35. The firm has a market capitalization of $333.91 million, a price-to-earnings ratio of 4.72 and a beta of 0.40.

Orchid Island Capital (NYSE:ORC) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). As a group, sell-side analysts anticipate that Orchid Island Capital Inc will post 0.95 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 14.75%. The ex-dividend date of this dividend is Thursday, May 30th. Orchid Island Capital’s dividend payout ratio is currently 69.57%.

Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Orchid Island Capital from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a report on Saturday, February 23rd. ValuEngine raised shares of Orchid Island Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st.

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Orchid Island Capital Profile

Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS are backed primarily by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS; and structured Agency RMBS, including collateralized mortgage obligations, interest only securities, inverse interest only securities, and principal only securities.

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Institutional Ownership by Quarter for Orchid Island Capital (NYSE:ORC)

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