BTIG Starts Orchid Island Capital (ORC) at Neutral

BTIG analyst Douglas Harter initiates coverage on Orchid Island Capital (NYSE: ORC) with a Neutral rating.

The analyst comments "We are initiating coverage of Agency mREIT ORC with a Neutral rating. ORC trades at a discount (lower P/B and higher dividend yield) to Agency peers, which we feel is warranted given ORC's track record of lower than peer economic returns. Either improvement in relative returns or a wider relative discount to Agency peers would make us more constructive on the shares."

For an analyst ratings summary and ratings history on Orchid Island Capital click here. For more ratings news on Orchid Island Capital click here.

Shares of Orchid Island Capital closed at $6.74 yesterday.

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