Credit Suisse Increases Five Oaks Investment Corp Price Target to $12.00 (OAKS)
Analysts at Credit Suisse boosted their price target on shares of Five Oaks Investment Corp (NASDAQ:OAKS) from $11.50 to $12.00 in a research report issued to clients and investors on Tuesday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s target price indicates a potential upside of 1.95% from the stock’s previous close.
Separately, analysts at Zacks downgraded shares of Five Oaks Investment Corp from an “outperform” rating to a “neutral” rating in a research note on Wednesday, March 12th. They now have a $13.10 price target on the stock.
Five Oaks Investment Corp (NASDAQ:OAKS) traded down 0.93% on Tuesday, hitting $11.66. The stock had a trading volume of 74,504 shares. Five Oaks Investment Corp has a one year low of $9.25 and a one year high of $15.71. The stock’s 50-day moving average is $11.39 and its 200-day moving average is $11.1. The company has a market cap of $121.1 million and a price-to-earnings ratio of 22.68.
Five Oaks Investment Corp (NASDAQ:OAKS) last released its earnings data on Monday, May 5th. The company reported ($0.34) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.71. Analysts expect that Five Oaks Investment Corp will post $1.57 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Thursday, May 29th. Investors of record on Thursday, May 15th will be given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 12.74%. The ex-dividend date of this dividend is Tuesday, May 13th.
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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