Analyst Price Target is $9.50
▲ +20.87% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Orchid Island Capital in the last 3 months. The average price target is $9.50, with a high forecast of $9.50 and a low forecast of $9.50. The average price target represents a 20.87% upside from the last price of $7.86.
Current Consensus is
Moderate Buy
The current consensus among 2 contributing investment analysts is to moderate buy stock in Orchid Island Capital. This rating has held steady since May 2024, when it changed from a Hold consensus rating.
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 includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising 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 stockholders. Orchid Island Capital, Inc. was incorporated in 2010 and is headquartered in Vero Beach, Florida.
Read More