Five Oaks Investment (NYSE:OAKS) released its earnings results on Thursday. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.10), Bloomberg Earnings reports. The business had revenue of $3.12 million for the quarter. Five Oaks Investment had a return on equity of 10.85% and a net margin of 4.25%.
Five Oaks Investment traded up $0.15, reaching $3.04, during mid-day trading on Friday, Marketbeat reports. 7,127 shares of the company’s stock were exchanged, compared to its average volume of 84,308. The firm has a market cap of $63.33 million, a PE ratio of 6.27 and a beta of 1.05. Five Oaks Investment has a twelve month low of $2.89 and a twelve month high of $3.05. The company has a quick ratio of 154.68, a current ratio of 154.68 and a debt-to-equity ratio of 22.63.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 30th. Shareholders of record on Tuesday, May 15th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.24 dividend on an annualized basis and a yield of 7.89%. Five Oaks Investment’s dividend payout ratio (DPR) is presently 50.00%.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Five Oaks Investment from a “buy” rating to a “hold” rating in a report on Thursday, March 22nd. Ladenburg Thalmann upgraded shares of Five Oaks Investment from a “neutral” rating to a “buy” rating in a report on Friday, January 19th. Finally, ValuEngine lowered shares of Five Oaks Investment from a “buy” rating to a “hold” rating in a report on Monday, April 2nd.
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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