Shares of Five Oaks Investment Corp. (NYSE:OAKS) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price objective of $7.00 for the company, according to Zacks. Zacks has also given Five Oaks Investment Corp. an industry rank of 79 out of 265 based on the ratings given to its competitors.
A number of research analysts have commented on OAKS shares. JMP Securities reaffirmed a “buy” rating on shares of Five Oaks Investment Corp. in a report on Wednesday, August 17th. Zacks Investment Research lowered Five Oaks Investment Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $6.50 price objective on shares of Five Oaks Investment Corp. in a report on Friday, September 9th.
Shares of Five Oaks Investment Corp. (NYSE:OAKS) opened at 5.49 on Thursday. The firm’s market capitalization is $80.14 million. The stock has a 50 day moving average price of $5.70 and a 200-day moving average price of $5.68. Five Oaks Investment Corp. has a 52 week low of $3.82 and a 52 week high of $7.08.
Five Oaks Investment Corp. (NYSE:OAKS) last posted its earnings results on Tuesday, August 9th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities research analysts forecast that Five Oaks Investment Corp. will post $0.87 earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Friday, October 28th. Stockholders of record on Monday, October 17th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, October 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 13.11%. Five Oaks Investment Corp.’s payout ratio is -47.06%.
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in 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 last quarter. Deprince Race & Zollo Inc. bought a new stake in Five Oaks Investment Corp. during the second quarter worth $230,000. Mackenzie Financial Corp increased its stake in 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 last quarter. Finally, Bank of New York Mellon Corp increased its stake in 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 last quarter. Hedge funds and other institutional investors own 17.62% of the company’s stock.
About Five Oaks Investment Corp.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Five Oaks Investment Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Oaks Investment Corp. and related companies with MarketBeat.com's FREE daily email newsletter.