Virtu Financial LLC purchased a new position in Five Oaks Investment (NYSE:OAKS) during the fourth quarter, Holdings Channel reports. The fund purchased 34,750 shares of the real estate investment trust’s stock, valued at approximately $139,000.
Several other institutional investors and hedge funds also recently modified their holdings of OAKS. Vanguard Group Inc. boosted its position in shares of Five Oaks Investment by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 805,729 shares of the real estate investment trust’s stock worth $3,932,000 after purchasing an additional 16,005 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of 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 worth $746,000 after purchasing an additional 68,050 shares in the last quarter. Finally, Rational Advisors LLC boosted its position in shares of 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 worth $539,000 after purchasing an additional 37,900 shares in the last quarter. 32.91% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on OAKS. Zacks Investment Research cut Five Oaks Investment from a “buy” rating to a “hold” rating in a research report on Thursday. Ladenburg Thalmann Financial Services raised Five Oaks Investment from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th.
Five Oaks Investment (NYSE:OAKS) last released its quarterly earnings data on Friday, March 16th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $4.78 million for the quarter. Five Oaks Investment had a return on equity of 10.85% and a net margin of 4.25%. equities analysts anticipate that Five Oaks Investment will post 0.65 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 30th. Investors of record on Tuesday, May 15th will be given a $0.02 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.24 annualized dividend and a yield of 7.92%. Five Oaks Investment’s dividend payout ratio (DPR) is presently 1,000.00%.
In related news, major shareholder Bermuda Ltd Xl sold 710,495 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $4.77, for a total value of $3,389,061.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.92% of the company’s stock.
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About Five Oaks Investment
Five Oaks Investment Corp. focuses on investing, financing, and managing a portfolio of residential mortgage loans and mortgage-backed securities (MBS). It invests in agency and non-agency residential MBS, multi-family MBS, residential mortgage loans, mortgage servicing rights, and other mortgage-related investments.
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