Media coverage about Orchid Island Capital (NYSE:ORC) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Orchid Island Capital earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.4364757324792 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- Trending Stocks in Review: Orchid Island Capital, Inc. (NYSE:ORC), Adaptimmune Therapeutics plc (NASDAQ:ADAP) – The Oracle Examiner (oracleexaminer.com)
- Orchid Island Capital, Inc. (ORC) predicted to achieve EPS growth of -40.50% for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Early Moves to Watch – Orchid Island Capital Inc (NYSE: ORC) – Alpha Beta Stock (alphabetastock.com)
- Could Orchid Island Capital, Inc. (ORC) See a Reversal After Having Formed Several Months Double Bottom – NMSU Hеrаld (nmsuherald.com)
- Worth Watching Stocks: American Outdoor Brands Corporation (NASDAQ:AOBC), Orchid Island Capital, Inc. (NYSE … – The Oracle Examiner (oracleexaminer.com)
Shares of ORC stock traded up $0.06 on Wednesday, reaching $7.38. The company’s stock had a trading volume of 126,129 shares, compared to its average volume of 1,430,293. Orchid Island Capital has a 52-week low of $6.77 and a 52-week high of $11.13. The company has a market cap of $390.56, a P/E ratio of 368.75 and a beta of 0.32.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Thursday, March 29th will be given a $0.09 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.08 annualized dividend and a yield of 14.63%. Orchid Island Capital’s payout ratio is 6,600.00%.
Orchid Island Capital declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 8th that allows the company to repurchase 4,520,000 shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Several equities analysts recently commented on the company. ValuEngine downgraded Orchid Island Capital from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Zacks Investment Research downgraded 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.
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