Five Oaks Investment Corp (OAKS) Announces Monthly Dividend of $0.13
Five Oaks Investment Corp (NASDAQ:OAKS) declared a monthly dividend on Thursday, September 26th, StockRatingsNetwork reports. Investors of record on Friday, November 15th will be given a dividend of $0.125 per share on Wednesday, November 27th. This represents a $1.50 dividend on an annualized basis and a yield of 13.33%. The ex-dividend date of this dividend is Wednesday, November 13th.
A number of research firms have recently commented on OAKS. 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 the ratings front, 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. 78,083 shares of the company’s stock traded hands. Five Oaks Investment Corp has a 52 week low of $9.76 and a 52 week high of $15.71. The stock’s 50-day moving average is $10.77 and its 200-day moving average is $13.06. The company has a market cap of $83.1 million and a price-to-earnings 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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