Orchid Island Capital Inc
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Financials : Mortgage Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company's business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. Its portfolio consists of two categories of Agency RMBS: pass-through Agency RMBS and structured Agency RMBS. It invests in pass-through securities, which are securities secured by residential real property in which payments of both interest and principal on the securities are generally made monthly. The mortgage loans underlying pass-through certificates are classified into three categories, including fixed-rate mortgages, adjustable-rate mortgages (ARMs) and Hybrid ARMs. It invests in structured Agency RMBS, which include collateralized mortgage obligations, interest only securities, inverse interest only securities and principal only securities.

Closing Price
$5.02
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
--
Day's High
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Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
885,428
0

Tesla stock's 'bull case' raised to $2,500 at Morgan Stanley

11:17 am ET July 29, 2020 (MarketWatch)
Print

Adam Jonas at Morgan Stanley on Wednesday upped his price target on Tesla Inc. (TSLA) shares as well as a "bull case scenario" price, saying that for the first time in his 10 years tracking the Silicon Valley company he's modeling it to become "a very, very large auto maker." He increased the price target to $1,050, from $740, representing a 30% downside to Wednesday's price, and the "bull case" to $2,500, from $2,000. He kept his rating on the stock at the equivalent of sell. The bull case is "plausible," with concerns around a possible over-dependency on China, underestimating legacy auto makers and overestimating timing for autonomous vehicles, among others, he said. Jonas also tweaked higher his "bear case" estimate to $375 from $281. "Our forecasts give Tesla credit for continuing to attract world's best talent at the industry's lowest-priced cost of capital," he said. Shares of Tesla have gained 265% this year, compared with gains under 1% for the S&P 500 index and contrasting with a loss around 7% for the Dow Jones Industrial Average in the same period. Tesla reported a surprise second-quarter profit last week. (http://www.marketwatch.com/story/tesla-reports-surprise-q2-profit-2020-07-22)

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 29, 2020 11:17 ET (15:17 GMT)

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