Orchid Island Capital (ORC) Receiving Somewhat Positive Press Coverage, Report Finds

Headlines about Orchid Island Capital (NYSE:ORC) have been trending somewhat positive on Sunday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Orchid Island Capital earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.6758302957822 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Orchid Island Capital (NYSE:ORC) opened at $9.41 on Friday. The firm has a market cap of $433.88, a price-to-earnings ratio of -16.51 and a beta of 0.49. Orchid Island Capital has a 12-month low of $9.18 and a 12-month high of $12.60.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th will be given a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a yield of 17.85%. The ex-dividend date is Thursday, December 28th. Orchid Island Capital’s dividend payout ratio is presently -294.74%.

Several equities analysts recently issued reports on the stock. ValuEngine cut shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of Orchid Island Capital from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $11.00.

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About Orchid Island Capital

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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