Orchid Island Capital (ORC) Getting Somewhat Favorable Media Coverage, Analysis Shows

Media coverage about Orchid Island Capital (NYSE:ORC) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Orchid Island Capital earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.329247632749 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern’s scoring:

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Shares of ORC stock opened at $7.30 on Friday. Orchid Island Capital has a 12-month low of $6.77 and a 12-month high of $11.13. The company has a market cap of $388.97, a PE ratio of 365.00 and a beta of 0.32.

Orchid Island Capital (NYSE:ORC) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.49 EPS for the quarter. analysts predict that Orchid Island Capital will post 1.45 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 10th. Investors of record on Thursday, March 29th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.08 annualized dividend and a dividend yield of 14.79%. Orchid Island Capital’s payout ratio is 6,600.00%.

Orchid Island Capital declared that its Board of Directors has initiated a stock buyback program on Thursday, February 8th that allows the company to repurchase 4,520,000 shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Several research firms have recently commented on ORC. ValuEngine cut shares of Orchid Island Capital from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Zacks Investment Research cut shares of Orchid Island Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 14th.

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About Orchid Island Capital

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.

Insider Buying and Selling by Quarter for Orchid Island Capital (NYSE:ORC)

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