Orchid Island Capital (ORC) Earning Somewhat Positive Media Coverage, Analysis Shows
Media stories about Orchid Island Capital (NYSE:ORC) have been trending somewhat positive on Saturday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty 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 media sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.8231195384987 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Orchid Island Capital Inc (ORC) Plans $0.11 Monthly Dividend (americanbankingnews.com)
- Orchid Island Capital Announces January 2018 Monthly Dividend and December 31,… (culthub.com)
- BRIEF-Orchid Island Capital Declares January Monthly Dividend Of $0.11/Share (reuters.com)
- Optimistic Trending Companies: Etsy, Inc. (ETSY), Orchid Island Capital, Inc. (ORC) – Market Movers (financialqz.com)
- Most Shocking Stock Movements: Alaska Air Group, Inc. (ALK), Orchid Island Capital, Inc. (ORC) – Market Movers (financialqz.com)
Orchid Island Capital (ORC) opened at $7.87 on Friday. The firm has a market capitalization of $414.63, a P/E ratio of -13.57 and a beta of 0.48. Orchid Island Capital has a 1-year low of $7.84 and a 1-year high of $12.60.
The company also recently declared a monthly dividend, which will be paid on Friday, February 9th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 16.77%. The ex-dividend date of this dividend is Tuesday, January 30th. Orchid Island Capital’s dividend payout ratio is presently -289.65%.
Several equities analysts have weighed in on the company. ValuEngine upgraded Orchid Island Capital from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Investment Research upgraded Orchid Island Capital from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.00.
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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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