Media stories about Orchid Island Capital (NYSE:ORC) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Orchid Island Capital earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 47.7659888534679 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Orchid Island Capital to Issue Monthly Dividend of $0.09 (ORC) (americanbankingnews.com)
- Zacks: Orchid Island Capital (ORC) Given Consensus Rating of “Strong Buy” by Analysts (americanbankingnews.com)
- Orchid Island Capital Announces May 2018 Monthly Dividend and April 30, 2018 RMBS Portfolio Characteristics (markets.financialcontent.com)
- Beyond the resort on Marco Island: Exploring nature and Old Florida (sun-sentinel.com)
Orchid Island Capital opened at $7.23 on Friday, according to Marketbeat.com. The firm has a market capitalization of $377.12 million, a P/E ratio of 8.61 and a beta of 0.32. Orchid Island Capital has a twelve month low of $6.77 and a twelve month high of $10.52.
Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings data on Friday, April 27th. The real estate investment trust reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.66). equities analysts anticipate that Orchid Island Capital will post 1.49 EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, June 8th. Investors of record on Thursday, May 31st will be issued a $0.09 dividend. The ex-dividend date is Wednesday, May 30th. This represents a $1.08 dividend on an annualized basis and a yield of 14.94%. Orchid Island Capital’s payout ratio is 128.57%.
Orchid Island Capital announced that its board has authorized a share buyback plan on Thursday, February 8th that authorizes the company to repurchase 4,520,000 shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
Several research analysts have recently issued reports on ORC shares. ValuEngine downgraded shares of Orchid Island Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Orchid Island Capital from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Friday, May 4th.
About Orchid Island Capital
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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