ValuEngine Lowers Five Oaks Investment (OAKS) to Hold

ValuEngine cut shares of Five Oaks Investment (NYSE:OAKS) from a buy rating to a hold rating in a report issued on Monday.

A number of other equities research analysts have also recently weighed in on OAKS. Zacks Investment Research upgraded shares of Five Oaks Investment from a sell rating to a buy rating and set a $4.75 price objective on the stock in a report on Wednesday, December 13th. Ladenburg Thalmann Financial Services upgraded shares of Five Oaks Investment from a neutral rating to a buy rating in a report on Friday, January 19th.

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Shares of NYSE OAKS traded up $0.06 during midday trading on Monday, hitting $2.95. 34,270 shares of the company traded hands, compared to its average volume of 253,202. Five Oaks Investment has a 12-month low of $2.55 and a 12-month high of $5.61. The company has a debt-to-equity ratio of 22.63, a current ratio of 154.68 and a quick ratio of 154.68. The stock has a market capitalization of $62.44, a P/E ratio of 6.02 and a beta of 1.06.

Five Oaks Investment (NYSE:OAKS) last announced its quarterly earnings data on Friday, March 16th. The real estate investment trust reported $0.10 earnings per share for the quarter. The business had revenue of $4.78 million for the quarter. Five Oaks Investment had a net margin of 4.25% and a return on equity of 10.85%. research analysts anticipate that Five Oaks Investment will post 0.65 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 30th. Shareholders of record on Tuesday, May 15th will be issued a $0.02 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 8.14%. The ex-dividend date is Monday, May 14th. Five Oaks Investment’s dividend payout ratio (DPR) is presently 83.33%.

In other Five Oaks Investment news, major shareholder Bermuda Ltd Xl sold 710,495 shares of the company’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 the SEC website. 0.92% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC purchased a new stake in Five Oaks Investment in the fourth quarter worth about $135,000. Two Sigma Investments LP purchased a new stake in Five Oaks Investment in the fourth quarter worth about $210,000. Citadel Advisors LLC purchased a new stake in Five Oaks Investment in the fourth quarter worth about $126,000. Virtu Financial LLC purchased a new stake in Five Oaks Investment in the fourth quarter worth about $139,000. Finally, Rational Advisors LLC grew its holdings in Five Oaks Investment by 39.2% in the fourth 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 during the period. Institutional investors and hedge funds own 32.91% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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