Oppenheimer Upgrades ZAIS Financial Corp. to Outperform (ZFC)
ZAIS Financial Corp. (NYSE:ZFC) was upgraded by equities researchers at Oppenheimer from a “market perform” rating to an “outperform” rating in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $19.00 price target on the stock. Oppenheimer’s price objective points to a potential upside of 13.57% from the stock’s previous close.
ZAIS Financial Corp. (NYSE:ZFC) traded up 3.02% during mid-day trading on Monday, hitting $16.73. The stock had a trading volume of 128,667 shares. ZAIS Financial Corp. has a 1-year low of $15.51 and a 1-year high of $21.00. The stock’s 50-day moving average is $16.53 and its 200-day moving average is $17.03. The company has a market cap of $133.3 million and a price-to-earnings ratio of 222.47.
ZAIS Financial Corp. (NYSE:ZFC) last announced its earnings results on Tuesday, November 12th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.14.
The company also recently announced a special dividend, which is scheduled for Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.50 per share. This represents a dividend yield of 9.79%. The ex-dividend date is Friday, December 27th.
A number of other analysts have also recently weighed in on ZFC. Analysts at Zacks downgraded shares of ZAIS Financial Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, December 20th. They now have a $15.60 price target on the stock. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.59.
ZAIS Financial Corp. is a real estate investment trust (NYSE:ZFC).
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