Five Oaks Investment Corp (NYSE:OAKS) declared a monthly dividend on Monday, January 8th, Wall Street Journal reports. Investors of record on Thursday, March 15th will be paid a dividend of 0.0333 per share by the real estate investment trust on Thursday, March 29th. This represents a $0.40 dividend on an annualized basis and a yield of 11.86%. The ex-dividend date of this dividend is Wednesday, March 14th.
Five Oaks Investment has decreased its dividend payment by an average of 26.3% per year 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 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%.
Five Oaks Investment (OAKS) opened at $3.37 on Wednesday. The company has a quick ratio of 216.96, a current ratio of 216.96 and a debt-to-equity ratio of 21.93. Five Oaks Investment has a fifty-two week low of $3.02 and a fifty-two week high of $5.61. The stock has a market cap of $74.85, a P/E ratio of 5.93 and a beta of 1.31.
Five Oaks Investment (NYSE:OAKS) last released its quarterly earnings results 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 for the quarter. Five Oaks Investment had a return on equity of 10.57% and a net margin of 7.08%. equities analysts expect that Five Oaks Investment will post 0.49 earnings per share for the current year.
OAKS has been the subject of several research reports. Ladenburg Thalmann Financial Services initiated coverage on shares of Five Oaks Investment in a research report on Tuesday, October 10th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded shares of Five Oaks Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 14th.
In other news, major shareholder Bermuda Ltd Xl sold 710,495 shares of Five Oaks Investment stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $4.77, for a total transaction of $3,389,061.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.92% of the company’s stock.
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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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