Orchid Island Capital (ORC) Earns Media Sentiment Score of 0.16
Media headlines about Orchid Island Capital (NYSE:ORC) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Orchid Island Capital earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.7097928432943 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities analysts have commented on ORC shares. BidaskClub downgraded shares of Orchid Island Capital from a “buy” rating to a “hold” rating in a report on Friday, July 28th. TheStreet downgraded shares of Orchid Island Capital from a “c” rating to a “d” rating in a report on Monday, July 31st. ValuEngine downgraded shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Finally, 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 on the stock in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Orchid Island Capital presently has a consensus rating of “Buy” and an average target price of $11.00.
Orchid Island Capital (NYSE:ORC) opened at $9.75 on Friday. Orchid Island Capital has a fifty-two week low of $9.18 and a fifty-two week high of $12.60.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 30th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.68 annualized dividend and a dividend yield of 17.23%. Orchid Island Capital’s dividend payout ratio is currently -289.65%.
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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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