ZAIS Financial Corp Reaches New 1-Year High on Insider Buying Activity (ZFC)
ZAIS Financial Corp (NYSE:ZFC) shares reached a new 52-week high during mid-day trading on Tuesday following insider buying activity, American Banking News.com reports. The stock traded as high as $19.18 and last traded at $19.14, with a volume of 140,463 shares trading hands. The stock had previously closed at $18.88.
Specifically, CAO Nisha Motani bought 1,800 shares of ZAIS Financial Corp stock on the open market in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average cost of $18.72 per share, for a total transaction of $33,696.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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.
The stock has a 50-day moving average of $16.85 and a 200-day moving average of $16.75. The company has a market cap of $152.1 million and a P/E ratio of 4.56.
ZAIS Financial Corp (NYSE:ZFC) last announced its earnings results on Tuesday, August 12th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.05.
ZAIS Financial Corp. is a real estate investment trust (NYSE:ZFC).
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