Insider Buying: Marran H. Ogilvie Acquires 1,140 Shares of ZAIS Financial Corp Stock (ZFC)
ZAIS Financial Corp (NYSE:ZFC) Director Marran H. Ogilvie purchased 1,140 shares of the stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was purchased at an average price of $18.71 per share, with a total value of $21,329.40. Following the transaction, the director now directly owns 4,290 shares in the company, valued at approximately $80,266. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
ZFC has been the subject of a number of recent research reports. 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.
Shares of ZAIS Financial Corp (NYSE:ZFC) traded up 0.43% on Wednesday, hitting $18.68. 125,551 shares of the company’s stock traded hands. ZAIS Financial Corp has a 1-year low of $15.62 and a 1-year 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 $148.9 million and a price-to-earnings ratio of 4.49.
ZAIS Financial Corp (NYSE:ZFC) last announced its 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.