Shares of Five Oaks Investment Corp. (NYSE:OAKS) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price objective of $7.00 for the company, according to Zacks. Zacks has also assigned Five Oaks Investment Corp. an industry rank of 78 out of 265 based on the ratings given to its competitors.
A number of research firms have issued reports on OAKS. Credit Suisse Group AG reaffirmed a “hold” rating and set a $6.50 price objective on shares of Five Oaks Investment Corp. in a report on Friday, September 9th. Zacks Investment Research downgraded shares of Five Oaks Investment Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th. Finally, JMP Securities reaffirmed a “buy” rating on shares of Five Oaks Investment Corp. in a report on Wednesday, August 17th.
Shares of Five Oaks Investment Corp. (NYSE:OAKS) traded down 0.64% on Thursday, reaching $5.42. 30,683 shares of the company traded hands. Five Oaks Investment Corp. has a 52-week low of $3.82 and a 52-week high of $7.31. The stock’s market cap is $79.12 million. The stock has a 50 day moving average of $5.73 and a 200 day moving average of $5.67.
Five Oaks Investment Corp. (NYSE:OAKS) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. Five Oaks Investment Corp. had a positive return on equity of 10.80% and a negative net margin of 25.00%. On average, analysts expect that Five Oaks Investment Corp. will post $0.86 earnings per share for the current year.
The business also recently declared a monthly dividend, which will be paid on Friday, October 28th. Investors of record on Monday, October 17th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 13.21%. The ex-dividend date of this dividend is Thursday, October 13th. Five Oaks Investment Corp.’s dividend payout ratio (DPR) is currently -47.06%.
Several institutional investors have recently modified their holdings of OAKS. Mackenzie Financial Corp increased its position in shares of Five Oaks Investment Corp. by 36.5% in the second quarter. Mackenzie Financial Corp now owns 30,897 shares of the company’s stock worth $169,000 after buying an additional 8,270 shares during the period. Bank of New York Mellon Corp increased its position in shares of Five Oaks Investment Corp. by 68.1% in the second quarter. Bank of New York Mellon Corp now owns 22,461 shares of the company’s stock worth $123,000 after buying an additional 9,103 shares during the period. Deprince Race & Zollo Inc. bought a new position in shares of Five Oaks Investment Corp. during the second quarter worth $230,000. Finally, Vanguard Group Inc. increased its position in shares of Five Oaks Investment Corp. by 29.2% in the second quarter. Vanguard Group Inc. now owns 628,511 shares of the company’s stock worth $3,445,000 after buying an additional 142,230 shares during the period. 17.62% of the stock is currently owned by institutional investors.
Five Oaks Investment Corp. Company Profile
Five Oaks Investment Corp. is a real estate investment trust. The Company is focused on investing on a leveraged basis in mortgage and other real estate-related assets, particularly residential mortgage loans and mortgage-backed securities (MBS). The Company invests in various assets, such as Agency residential MBS (RMBS); securitizations backed by multi-family mortgage loans, or Multi-Family MBS; residential mortgage loans and other mortgage-related investments, including mortgage servicing rights (MSRs), and Non-Agency RMBS.
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