Orchid Island Capital (ORC) Receiving Somewhat Positive Media Coverage, Study Shows

Share on StockTwits

Media headlines about Orchid Island Capital (NYSE:ORC) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Orchid Island Capital earned a news impact score of 0.22 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.4364757324792 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Shares of NYSE:ORC remained flat at $$7.45 during trading on Thursday. The stock had a trading volume of 379,562 shares, compared to its average volume of 1,320,829. Orchid Island Capital has a one year low of $6.77 and a one year high of $11.13. The firm has a market cap of $393.75, a price-to-earnings ratio of 8.87 and a beta of 0.31.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.49 earnings per share for the quarter. sell-side analysts anticipate that Orchid Island Capital will post 1.45 EPS for the current fiscal year.

The business 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. This represents a $1.08 annualized dividend and a yield of 14.50%. The ex-dividend date of this dividend is Wednesday, March 28th. Orchid Island Capital’s dividend payout ratio is 128.57%.

Orchid Island Capital announced that its Board of Directors has approved a stock buyback plan on Thursday, February 8th that authorizes the company to repurchase 4,520,000 outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

ORC has been the topic of several recent research reports. Zacks Investment Research lowered Orchid Island Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine raised Orchid Island Capital from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd.

COPYRIGHT VIOLATION NOTICE: This story was first published by BBNS and is owned by of BBNS. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://baseballnewssource.com/2018/04/05/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-orchid-island-capital-orc-stock-price/2028463.html.

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.

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

Receive News & Ratings for Orchid Island Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orchid Island Capital and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.