Five Oaks Investment Corp (OAKS) Issues Earnings Results
Five Oaks Investment Corp (NYSE:OAKS) issued its earnings results on Wednesday. The real estate investment trust reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.05. Five Oaks Investment Corp had a negative net margin of 16.65% and a positive return on equity of 11.27%. The business had revenue of $5.78 million during the quarter.
Five Oaks Investment Corp (NYSE:OAKS) traded down 2.482% during midday trading on Thursday, reaching $5.305. 241,953 shares of the company traded hands. The firm has a 50 day moving average of $5.26 and a 200-day moving average of $5.22. Five Oaks Investment Corp has a 12 month low of $4.52 and a 12 month high of $6.19. The stock’s market capitalization is $93.04 million.
The company also recently declared a monthly dividend, which was paid on Thursday, April 27th. Investors of record on Monday, April 17th were paid a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a yield of 11.32%. The ex-dividend date of this dividend was Wednesday, April 12th. Five Oaks Investment Corp’s dividend payout ratio (DPR) is -44.78%.
Separately, JMP Securities downgraded shares of Five Oaks Investment Corp from a “mkt outperform” rating to a “market perform” rating in a research note on Thursday, March 30th.
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About Five Oaks Investment Corp
Five Oaks Investment Corp. is a real estate investment trust. The Company is focused on investing on a leveraged basis in mortgage and other real estate-related assets, particularly residential mortgage loans and mortgage-backed securities (MBS). The Company invests in various assets, such as Agency residential MBS (RMBS); securitizations backed by multi-family mortgage loans, or Multi-Family MBS; residential mortgage loans and other mortgage-related investments, including mortgage servicing rights (MSRs), and Non-Agency RMBS.
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