Headlines about Orchid Island Capital (NYSE:ORC) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Orchid Island Capital earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.6132514235165 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Orchid Island Capital (ORC) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Financial Stock Buzz: Orchid Island Capital, Inc. (ORC) (stocksgeeks.com)
- Orchid Island Capital Inc (ORC) Receives Average Recommendation of “Strong Buy” from Brokerages (americanbankingnews.com)
- Edited Transcript of ORC earnings conference call or presentation 9-Feb-18 3:00pm GMT (finance.yahoo.com)
Shares of ORC opened at $7.47 on Friday. Orchid Island Capital has a 1 year low of $6.77 and a 1 year high of $11.13. The stock has a market capitalization of $395.34, a PE ratio of 8.89 and a beta of 0.31.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 14.46%. The ex-dividend date of this dividend is Wednesday, March 28th. Orchid Island Capital’s dividend payout ratio (DPR) is presently 128.57%.
Orchid Island Capital announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 8th that allows the company to buyback 4,520,000 outstanding shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
A number of equities analysts recently commented on ORC shares. Zacks Investment Research cut Orchid Island Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine upgraded Orchid Island Capital from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd.
Orchid Island Capital Company Profile
Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS are backed primarily by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS; and structured Agency RMBS, including collateralized mortgage obligations, interest only securities, inverse interest only securities, and principal only securities.
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