Orc stock price performance year-to-date sits at +4

Orc stock price performance year-to-date sits at +4.5%, beating the broader mortgage REIT average of +3.1%. Analysts attribute this to robust portfolio management against rate swings. This specialty finance mortgage real estate (mREIT) company, which invests in residential mortgage-backed securities (RMBS) on a leveraged basis, offers favorable long-term stockholder returns and a substantial dividend yield. Income-seeking investors have a large appetite for REIT stocks, as U.S. law requires REITs to distribute 90% of their annual taxable income in the form of dividends. The Zacks Consensus Estimate for Orchid Island has increased 275% over the last 30 days, as one estimate has gone higher compared to no negative revisions. Orc stock price has been consolidating in the $9.70-$9.90 range over the past five sessions. Technical traders view this as a base-building pattern, anticipating a breakout with upcoming economic data.