Media stories about Orchid Island Capital (NYSE:ORC) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Orchid Island Capital earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.5230516946832 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
Several research firms have weighed in on ORC. BidaskClub raised shares of Orchid Island Capital from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. TheStreet cut shares of Orchid Island Capital from a “c” rating to a “d” rating in a report on Monday, July 31st.
Shares of Orchid Island Capital (ORC) traded up 4.14% during trading on Friday, hitting $10.32. 1,803,650 shares of the stock were exchanged. Orchid Island Capital has a 52 week low of $9.18 and a 52 week high of $12.60. The firm’s market capitalization is $467.53 million. The stock’s 50 day moving average price is $10.14 and its 200 day moving average price is $10.10.
Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.68). Orchid Island Capital had a negative return on equity of 10.28% and a negative net margin of 486.53%. On average, equities analysts predict that Orchid Island Capital will post $0.78 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 10th. Shareholders of record on Tuesday, October 31st will be given a $0.14 dividend. The ex-dividend date is Monday, October 30th. This represents a $1.68 annualized dividend and a yield of 16.28%. Orchid Island Capital’s dividend payout ratio is presently -2,799.53%.
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Orchid Island Capital Company Profile
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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