ZAIS Financial Corp. Sees Large Volume Increase After Analyst Upgrade (ZFC)
ZAIS Financial Corp. (NYSE:ZFC) shares saw strong trading volume on Wednesday after Oppenheimer raised their price target on the stock from $19.00 to $21.00, AnalystRatings.NET reports. Oppenheimer currently has an outperform rating on the stock. 110,285 shares traded hands during trading, an increase of 93% from the previous session’s volume of 57,284 shares.The stock last traded at $17.38 and had previously closed at $17.18.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of ZAIS Financial Corp. from $20.00 to $22.00 in a research note on Wednesday. They now have an “outperform” rating on the stock.
The stock has a 50-day moving average of $16.33 and a 200-day moving average of $16.65. The company has a market cap of $138.8 million and a price-to-earnings ratio of 18.98.
ZAIS Financial Corp. (NYSE:ZFC) last released its earnings data on Tuesday, August 12th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.05.
ZAIS Financial Corp. is a real estate investment trust (NYSE:ZFC).
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