Ladenburg Thalmann Financial Services Upgrades Five Oaks Investment (OAKS) to Buy

Ladenburg Thalmann Financial Services upgraded shares of Five Oaks Investment (NYSE:OAKS) from a neutral rating to a buy rating in a research report report published on Friday morning, Marketbeat reports.

Separately, Zacks Investment Research upgraded Five Oaks Investment from a sell rating to a buy rating and set a $4.75 price target on the stock in a report on Wednesday, December 13th.

Shares of Five Oaks Investment (NYSE:OAKS) traded up $0.02 during mid-day trading on Friday, hitting $3.63. The stock had a trading volume of 265,200 shares, compared to its average volume of 622,964. The stock has a market cap of $81.25, a P/E ratio of 9.08 and a beta of 1.48. Five Oaks Investment has a fifty-two week low of $3.02 and a fifty-two week high of $5.61. The company has a current ratio of 216.96, a quick ratio of 216.96 and a debt-to-equity ratio of 21.93.

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 analysts’ consensus estimates of $0.18 by ($0.07). The firm had revenue of $4.75 million during the quarter. Five Oaks Investment had a return on equity of 10.57% and a net margin of 7.08%. analysts expect that Five Oaks Investment will post 0.49 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a $0.0333 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.01%. The ex-dividend date is Wednesday, March 14th. Five Oaks Investment’s dividend payout ratio is currently 100.00%.

In related news, major shareholder Bermuda Ltd Xl sold 710,495 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $4.77, for a total value of $3,389,061.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.92% of the company’s stock.

Large investors have recently made changes to their positions in the business. Virtu KCG Holdings LLC acquired a new stake in Five Oaks Investment during the 2nd quarter valued at $108,000. PVG Asset Management Corp acquired a new stake in Five Oaks Investment during the 2nd quarter valued at $657,000. Mackenzie Financial Corp grew its holdings in Five Oaks Investment by 68.6% during the 3rd quarter. Mackenzie Financial Corp now owns 167,225 shares of the real estate investment trust’s stock valued at $746,000 after buying an additional 68,050 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Five Oaks Investment by 2.0% during 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 buying an additional 16,005 shares during the last quarter. Hedge funds and other institutional investors own 33.12% 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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