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:
- 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)
- Orchid Island Capital (ORC) Cut to “Hold” at Zacks Investment Research (americanbankingnews.com)
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.
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.
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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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