Five Oaks Investment Corp Upgraded to “Outperform” by Zacks (OAKS)

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Five Oaks Investment Corp (NASDAQ:OAKS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Friday. The firm currently has a $13.10 price objective on the stock. Zacks‘s target price suggests a potential upside of 10.46% from the company’s current price.

Shares of Five Oaks Investment Corp (NASDAQ:OAKS) opened at 11.87 on Friday. Five Oaks Investment Corp has a one year low of $9.25 and a one year high of $15.10. The stock’s 50-day moving average is $11.5 and its 200-day moving average is $11.13. The company’s market cap is $126.9 million.

Five Oaks Investment Corp (NASDAQ:OAKS) last issued its quarterly earnings data on Monday, May 5th. The company reported ($0.34) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.71. Analysts expect that Five Oaks Investment Corp will post $1.14 EPS for the current fiscal year.

Separately, analysts at Credit Suisse raised their price target on shares of Five Oaks Investment Corp from $11.50 to $12.00 in a research note on Tuesday, May 6th. They now have a “neutral” rating on the stock.

Five Oaks Investment Corp. focused on investing in, financing and managing a leveraged portfolio of Agency and Non-Agency residential mortgage-backed securities, or RMBS, residential mortgage loans and other mortgage-related investments.

To view Zacks’ full report, visit Zacks’ official website.

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