Five Oaks Investment Corp Announces Monthly Dividend of $0.13 (OAKS)
Five Oaks Investment Corp (NASDAQ:OAKS) announced a monthly dividend on Thursday, September 26th, AR Network reports. Investors of record on Monday, December 16th will be paid a dividend of $0.125 per share on Monday, December 30th. This represents a $1.50 annualized dividend and a dividend yield of 13.33%. The ex-dividend date is Thursday, December 12th.
OAKS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “hold” rating on shares of Five Oaks Investment Corp (NASDAQ:OAKS) in a research note to investors on Monday, August 19th. They now have a $14.40 price target on the stock. On a related note, analysts at Barclays Capital cut their price target on shares of Five Oaks Investment Corp (NASDAQ:OAKS) from $14.00 to $12.00 in a research note to investors on Monday, August 19th. They now have an “equal weight” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Five Oaks Investment Corp (NASDAQ:OAKS) from $17.00 to $13.00 in a research note to investors on Thursday, August 8th.
Five Oaks Investment Corp (NASDAQ:OAKS) traded down 1.92% on Thursday, hitting $11.25. The stock had a trading volume of 78,083 shares. Five Oaks Investment Corp has a 52-week low of $9.76 and a 52-week high of $15.71. The stock has a 50-day moving average of $10.77 and a 200-day moving average of $13.06. The company has a market cap of $83.1 million and a P/E ratio of 2.63.
Five Oaks Investment Corp. focused on investing in, financing and managing a leveraged portfolio of Agency and Non-Agency residential mortgage-backed securities, or RMBS, residential mortgage loans and other mortgage-related investments.
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