Five Oaks Investment Corp (NYSE:OAKS) announced a monthly dividend on Monday, January 8th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.0333 per share by the real estate investment trust on Tuesday, February 27th. This represents a $0.40 dividend on an annualized basis and a yield of 12.22%. The ex-dividend date of this dividend is Wednesday, February 14th.
Five Oaks Investment has decreased its dividend payment by an average of 26.3% annually over the last three years. Five Oaks Investment has a payout ratio of 81.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Five Oaks Investment to earn $0.65 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 61.5%.
Shares of Five Oaks Investment (NYSE OAKS) traded down $0.10 during trading hours on Wednesday, hitting $3.27. The stock had a trading volume of 210,670 shares, compared to its average volume of 471,289. Five Oaks Investment has a 1 year low of $3.02 and a 1 year high of $5.61. The stock has a market capitalization of $74.85, a PE ratio of 8.18 and a beta of 1.31. The company has a debt-to-equity ratio of 21.93, a quick ratio of 216.96 and a current ratio of 216.96.
Five Oaks Investment (NYSE:OAKS) last announced its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $4.75 million during the quarter. Five Oaks Investment had a return on equity of 10.57% and a net margin of 7.08%. research analysts expect that Five Oaks Investment will post 0.49 EPS for the current fiscal year.
In other news, major shareholder Bermuda Ltd Xl sold 710,495 shares of Five Oaks Investment 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.92% of the company’s stock.
Several brokerages have commented on OAKS. Zacks Investment Research raised Five Oaks Investment from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Ladenburg Thalmann Financial Services raised Five Oaks Investment from a “neutral” rating to a “buy” rating in a report on Friday, January 19th.
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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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