Overview

• US mortgage REIT's preliminary Q2 net income per share estimated at $0.44

• Preliminary Q2 book value per share estimated at $7.22

• Estimated Q2 total return on equity was 6.2%

Outlook

• Company did not provide specific guidance or outlook for future quarters or the full year

Result Drivers

• RMBS AND DERIVATIVES GAINS - Co said estimated Q2 net income included $0.18 per share of net realized and unrealized gains on RMBS and derivative instruments

Company press release: ID:nGNX2TyVZm

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialized reits peer group is "buy."

• Wall Street's median 12-month price target for Orchid Island Capital Inc is $7.50, about 10.1% above its July 10 closing price of $6.81

• The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

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