Five Oaks Investment Corp. (OAKS) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for OAKS, as the stock is now down 7.8% since Jun 10.
Five Oaks Investment has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
OAKS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the mortgage real estate investment trust industry may consider better-ranked stocks like Capstead Mortgage Corp. (CMO), Ellington Residential Mortgage REIT (EARN) and Walter Investment Management Corp. (WAC). All these stocks carry a Zacks Rank #1 (Strong Buy).
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FIVE OAKS INVESTMENT CORP (OAKS): Free Stock Analysis Report
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