Zacks: Five Oaks Investment Corp. (OAKS) Given Average Rating of “Hold” by Brokerages
Five Oaks Investment Corp. (NYSE:OAKS) has received a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.
Zacks has also given Five Oaks Investment Corp. an industry rank of 174 out of 265 based on the ratings given to its competitors.
A number of equities analysts have recently commented on OAKS shares. Ladenburg Thalmann Financial Services started coverage on shares of Five Oaks Investment Corp. in a report on Tuesday, October 10th. They set a “neutral” rating on the stock. Zacks Investment Research lowered shares of Five Oaks Investment Corp. from a “hold” rating to a “sell” rating in a report on Saturday, October 14th.
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Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Five Oaks Investment Corp. by 15.3% in the first quarter. FMR LLC now owns 574,053 shares of the real estate investment trust’s stock valued at $2,945,000 after buying an additional 76,353 shares during the period. PVG Asset Management Corp acquired a new position in Five Oaks Investment Corp. in the second quarter valued at $657,000. Rational Advisors LLC acquired a new position in Five Oaks Investment Corp. in the second quarter valued at $657,000. Renaissance Technologies LLC lifted its holdings in Five Oaks Investment Corp. by 15.5% in the first quarter. Renaissance Technologies LLC now owns 350,782 shares of the real estate investment trust’s stock valued at $1,800,000 after buying an additional 47,173 shares during the period. Finally, Virtu KCG Holdings LLC acquired a new position in Five Oaks Investment Corp. in the second quarter valued at $108,000. Institutional investors and hedge funds own 33.78% of the company’s stock.
Shares of Five Oaks Investment Corp. (NYSE OAKS) traded up $0.05 during trading hours on Wednesday, hitting $4.14. 73,128 shares of the stock were exchanged, compared to its average volume of 163,571. The firm has a market capitalization of $90.33, a price-to-earnings ratio of 7.09 and a beta of 1.49. The company has a current ratio of 216.96, a quick ratio of 216.96 and a debt-to-equity ratio of 21.93. Five Oaks Investment Corp. has a 52 week low of $3.80 and a 52 week high of $5.61.
Five Oaks Investment Corp. (NYSE:OAKS) last issued its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The business had revenue of $4.75 million for the quarter. Five Oaks Investment Corp. had a negative return on equity of 17.68% and a negative net margin of 24.66%. research analysts anticipate that Five Oaks Investment Corp. will post 0.49 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.60 annualized dividend and a yield of 14.49%. Five Oaks Investment Corp.’s payout ratio is 150.00%.
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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