Insider Buying: Michael Szymanski Purchases 5,300 Shares of ZAIS Financial Corp Stock (ZFC)
ZAIS Financial Corp (NYSE:ZFC) CEO Michael Szymanski acquired 5,300 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The shares were purchased at an average price of $18.50 per share, for a total transaction of $98,050.00. Following the completion of the transaction, the chief executive officer now directly owns 27,946 shares in the company, valued at approximately $517,001. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of ZAIS Financial Corp (NYSE:ZFC) traded down 0.43% during mid-day trading on Tuesday, hitting $18.60. 184,931 shares of the company’s stock traded hands. ZAIS Financial Corp has a 52-week low of $15.62 and a 52-week high of $19.15. The stock’s 50-day moving average is $16.59 and its 200-day moving average is $16.70. The company has a market cap of $148.2 million and a P/E ratio of 4.51.
ZAIS Financial Corp (NYSE:ZFC) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.05.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of ZAIS Financial Corp in a research note on Wednesday, August 13th. They now have a $22.00 price target on the stock, up previously from $20.00. Separately, analysts at Oppenheimer raised their price target on shares of ZAIS Financial Corp from $19.00 to $21.00 in a research note on Wednesday, August 13th. They now have an “outperform” rating on the stock. Finally, 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, August 13th. They now have an “outperform” rating on the stock.
ZAIS Financial Corp. is a real estate investment trust (NYSE:ZFC).
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