Five Oaks Investment: Falls on profit miss, div policy change

Lument Finance Trust

19/03/2018 15:06

** Shares of Five Oaks Investment  OAKS.N  were down 7.54
pct at $3.19 at 15:03 GMT
    ** Earlier, stock fell by 10.1 pct to a low of $3.10
    ** Co misses Q4 earnings estimates after net interest income
falls 19 pct; says will switch from paying dividends on monthly
basis to quarterly basis  urn:newsml:reuters.com:*:nPnRn7c7a
    ** Up to Friday's close, the stock had fallen by 13.8
percent YTD
    ** About 84.5K shares traded so far today, about 336.6 pct
of their 30-day moving average
    ** Shares are trading below their 50-day moving average
    ** The mean price target of two analysts is $5.00; Five Oaks
is currently below its target price by 36 percent
    ** At Friday's close, the FY 2018 price-to-earnings ratio
for Five Oaks was 6.27, 27.8 pct lower than it was at the end of
last year

 (Reporting by Sai Sachin Ravikumar)
 ((RM:saisachin.r.thomsonreuters.com@reuters.net))