Five Oaks Investment Corp (NYSE:OAKS) CEO David C. Carroll acquired 10,000 shares of the company’s stock in a transaction on Friday, June 16th. The shares were purchased at an average cost of $4.67 per share, with a total value of $46,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 65,384 shares in the company, valued at approximately $305,343.28. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Five Oaks Investment Corp (NYSE OAKS) traded up 3.47% during mid-day trading on Monday, hitting $4.77. The stock had a trading volume of 1,286,746 shares. The stock’s 50-day moving average is $5.35 and its 200-day moving average is $5.23. Five Oaks Investment Corp has a 1-year low of $4.52 and a 1-year high of $6.19. The firm has a market capitalization of $83.66 million, a PE ratio of 9.39 and a beta of 1.28.
Five Oaks Investment Corp (NYSE:OAKS) last issued its earnings results on Wednesday, May 10th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.05. The business had revenue of $5.78 million during the quarter. Five Oaks Investment Corp had a return on equity of 5.61% and a net margin of 18.40%. Equities analysts expect that Five Oaks Investment Corp will post $0.73 earnings per share for the current year.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 12.58%. Five Oaks Investment Corp’s payout ratio is currently 120.00%.
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Separately, JMP Securities cut Five Oaks Investment Corp from a “mkt outperform” rating to a “market perform” rating in a report on Thursday, March 30th.
A number of large investors have recently modified their holdings of OAKS. Two Sigma Investments LP acquired a new stake in shares of Five Oaks Investment Corp during the fourth quarter worth $302,000. Mackenzie Financial Corp increased its stake in shares of Five Oaks Investment Corp by 86.2% in the first quarter. Mackenzie Financial Corp now owns 73,853 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 34,194 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Five Oaks Investment Corp by 15.5% in the first quarter. Renaissance Technologies LLC now owns 350,782 shares of the real estate investment trust’s stock worth $1,800,000 after buying an additional 47,173 shares during the last quarter. FMR LLC increased its stake in shares of Five Oaks Investment Corp by 15.3% in the first quarter. FMR LLC now owns 574,053 shares of the real estate investment trust’s stock worth $2,945,000 after buying an additional 76,353 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Five Oaks Investment Corp by 2.5% in the first quarter. Vanguard Group Inc. now owns 789,724 shares of the real estate investment trust’s stock worth $4,051,000 after buying an additional 19,360 shares during the last quarter. Institutional investors and hedge funds own 37.86% of the company’s stock.
Five Oaks Investment Corp 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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