Zacks Investment Research upgraded shares of Five Oaks Investment (NYSE:OAKS) from a sell rating to a buy rating in a research note released on Wednesday morning. The firm currently has $4.75 target price on the real estate investment trust’s stock.

According to Zacks, “Five Oaks Investment Corp. is a real estate investment trust. The company is focused on investing, financing and managing both agency and non-agency residential mortgage-backed securities, residential mortgage loans and other mortgage related investments. Five Oaks Investment Corp. is based in New York, United States. “

Separately, Ladenburg Thalmann Financial Services assumed coverage on shares of Five Oaks Investment in a research report on Tuesday, October 10th. They set a neutral rating for the company.

Five Oaks Investment (NYSE:OAKS) traded up $0.03 on Wednesday, hitting $4.21. 186,100 shares of the company traded hands, compared to its average volume of 161,476. Five Oaks Investment has a 52-week low of $3.80 and a 52-week high of $5.61. The company has a debt-to-equity ratio of 21.93, a quick ratio of 216.96 and a current ratio of 216.96. The firm has a market cap of $93.21, a P/E ratio of 7.33 and a beta of 1.48.

Five Oaks Investment (NYSE:OAKS) last released its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). Five Oaks Investment had a return on equity of 10.57% and a net margin of 7.08%. The company had revenue of $4.75 million for the quarter. sell-side analysts expect that Five Oaks Investment will post 0.49 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.60 dividend on an annualized basis and a yield of 14.25%. Five Oaks Investment’s payout ratio is 150.00%.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Five Oaks Investment by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 805,729 shares of the real estate investment trust’s stock valued at $3,932,000 after acquiring an additional 16,005 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in Five Oaks Investment in the 2nd quarter valued at about $108,000. Renaissance Technologies LLC raised its holdings in Five Oaks Investment by 15.5% in the 1st quarter. Renaissance Technologies LLC now owns 350,782 shares of the real estate investment trust’s stock valued at $1,800,000 after acquiring an additional 47,173 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Five Oaks Investment by 68.6% in the 3rd quarter. Mackenzie Financial Corp now owns 167,225 shares of the real estate investment trust’s stock valued at $746,000 after acquiring an additional 68,050 shares during the last quarter. Finally, PVG Asset Management Corp acquired a new stake in Five Oaks Investment in the 2nd quarter valued at about $657,000. Institutional investors own 33.22% of the company’s stock.

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Five Oaks Investment Company Profile

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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