Five Oaks Investment Corp (NYSE:OAKS) has been assigned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Five Oaks Investment’s rating score has improved by 33.3% in the last three months as a result of various analysts’ ratings changes.
Brokerages have set a one year consensus price target of $5.00 for the company, according to Zacks. Zacks has also given Five Oaks Investment an industry rank of 231 out of 265 based on the ratings given to its competitors.
Several equities analysts recently weighed in on OAKS shares. Zacks Investment Research raised shares of Five Oaks Investment from a “sell” rating to a “buy” rating and set a $4.75 price target on the stock in a research report on Wednesday, December 13th. Ladenburg Thalmann Financial Services raised shares of Five Oaks Investment from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th.
The firm also recently declared a monthly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a $0.0333 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.40 annualized dividend and a yield of 11.89%. Five Oaks Investment’s payout ratio is 100.00%.
In related news, major shareholder Bermuda Ltd Xl sold 710,495 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $4.77, for a total value of $3,389,061.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.92% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of OAKS. Mackenzie Financial Corp increased its stake in Five Oaks Investment by 68.6% in the 3rd quarter. Mackenzie Financial Corp now owns 167,225 shares of the real estate investment trust’s stock valued at $746,000 after buying an additional 68,050 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Five Oaks Investment in the 4th quarter valued at about $210,000. Rational Advisors LLC increased its stake in Five Oaks Investment by 39.2% in the 4th quarter. Rational Advisors LLC now owns 134,600 shares of the real estate investment trust’s stock valued at $539,000 after buying an additional 37,900 shares during the last quarter. Virtu Financial LLC purchased a new stake in Five Oaks Investment in the 4th quarter valued at about $139,000. Finally, Millennium Management LLC purchased a new stake in Five Oaks Investment in the 4th quarter valued at about $135,000. Hedge funds and other institutional investors own 33.52% of the company’s stock.
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About Five Oaks Investment
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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