ZAIS Financial Corp. Shares Gap Up on Analyst Upgrade (ZFC)
ZAIS Financial Corp. (NYSE:ZFC)’s share price gapped up before the market opened on Thursday after Oppenheimer raised their price target on the stock from $19.00 to $21.00, Analyst Ratings.Net reports. The stock had previously closed at $17.40, but opened at $17.43. Oppenheimer currently has an outperform rating on the stock. ZAIS Financial Corp. shares last traded at $17.89, with a volume of 160,854 shares.
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’s 50-day moving average is $16.36 and its 200-day moving average is $16.66. The company has a market cap of $142.6 million and a price-to-earnings ratio of 19.26.
ZAIS Financial Corp. (NYSE:ZFC) last posted its quarterly earnings results 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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