Insider Buying: ZAIS Financial Corp CIO Acquires 1,000 Shares of Stock (ZFC)
ZAIS Financial Corp (NYSE:ZFC) CIO Brian Hargrave bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost of $18.69 per share, with a total value of $18,690.00. Following the acquisition, the executive now directly owns 7,499 shares in the company, valued at approximately $140,156. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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 (NYSE:ZFC) traded up 0.75% during mid-day trading on Thursday, hitting $18.82. The stock had a trading volume of 29,429 shares. ZAIS Financial Corp has a 52 week low of $15.62 and a 52 week high of $19.15. The stock has a 50-day moving average of $16.65 and a 200-day moving average of $16.71. The company has a market cap of $150.0 million and a P/E ratio of 4.51.
ZAIS Financial Corp (NYSE:ZFC) last issued its quarterly earnings data 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.
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.