Five Oaks Investment (NYSE:OAKS) declared a monthly dividend on Monday, March 19th, Wall Street Journal reports. Investors of record on Monday, April 16th will be paid a dividend of 0.02 per share by the real estate investment trust on Friday, April 27th. This represents a $0.24 annualized dividend and a yield of 8.16%. The ex-dividend date of this dividend is Friday, April 13th.
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 tumble. Equities analysts expect Five Oaks Investment to earn $0.75 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 53.3%.
Shares of NYSE:OAKS opened at $2.94 on Friday. The company has a market capitalization of $65.10, a P/E ratio of 6.13 and a beta of 1.06. The company has a quick ratio of 154.68, a current ratio of 154.68 and a debt-to-equity ratio of 22.63. Five Oaks Investment has a one year low of $2.55 and a one year high of $5.61.
Five Oaks Investment (NYSE:OAKS) last issued its quarterly earnings data on Friday, March 16th. The real estate investment trust reported $0.10 EPS for the quarter. The business had revenue of $4.78 million during the quarter. Five Oaks Investment had a net margin of 4.25% and a return on equity of 10.85%. research analysts forecast that Five Oaks Investment will post 0.65 earnings per share for the current fiscal year.
In related news, major shareholder Bermuda Ltd Xl sold 710,495 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.92% of the stock is owned by corporate insiders.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Five Oaks Investment from a “sell” rating to a “buy” rating and set a $4.75 price objective for the company in a research note on Wednesday, December 13th. Ladenburg Thalmann raised shares of Five Oaks Investment from a “neutral” rating to a “buy” rating in a research note on Friday, January 19th. Finally, ValuEngine downgraded shares of Five Oaks Investment from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.
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Five Oaks Investment Company Profile
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.
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