Media coverage about Orchid Island Capital (NYSE:ORC) has trended positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Orchid Island Capital earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 44.6464070319288 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
A number of equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Orchid Island Capital from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered shares of Orchid Island Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 14th.
Shares of Orchid Island Capital stock opened at $7.42 on Monday. Orchid Island Capital has a 1 year low of $6.77 and a 1 year high of $11.13. The firm has a market cap of $393.75, a PE ratio of 371.00 and a beta of 0.32.
Orchid Island Capital announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 8th that allows the company to buyback 4,520,000 shares. This buyback authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 10th. Investors of record on Thursday, March 29th will be given a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 14.56%. The ex-dividend date of this dividend is Wednesday, March 28th. Orchid Island Capital’s dividend payout ratio is presently 6,600.00%.
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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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