Separately, Two Sigma Investments LP purchased a new stake in Five Oaks Investment Corp. during the fourth quarter worth about $302,000. 29.99% of the stock is currently owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. cut its stake in Five Oaks Investment Corp. (NYSE:OAKS) by 33.3% during the first quarter, Holdings Channel reports. The institutional investor owned 71,503 shares of the real estate investment trust’s stock after selling 35,696 shares during the period. JPMorgan Chase & Co.’s holdings in Five Oaks Investment Corp. were worth $367,000 at the end of the most recent quarter.
Shares of Five Oaks Investment Corp. (NYSE OAKS) opened at 4.90 on Wednesday. The stock’s 50 day moving average price is $4.90 and its 200-day moving average price is $5.16. The company has a market capitalization of $85.94 million, a PE ratio of 9.65 and a beta of 1.29. Five Oaks Investment Corp. has a 52-week low of $4.52 and a 52-week high of $6.15.
Five Oaks Investment Corp. (NYSE:OAKS) last released its quarterly earnings results on Wednesday, May 10th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The firm had revenue of $5.78 million for the quarter. Five Oaks Investment Corp. had a return on equity of 11.34% and a net margin of 11.47%. On average, analysts expect that Five Oaks Investment Corp. will post $0.73 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Wednesday, August 30th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.60 annualized dividend and a yield of 12.24%. Five Oaks Investment Corp.’s payout ratio is currently 120.00%.
In other news, CEO David C. Carroll purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was acquired at an average cost of $4.67 per share, with a total value of $46,700.00. Following the acquisition, the chief executive officer now owns 65,384 shares in the company, valued at approximately $305,343.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.92% 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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