Insider Buying: ZAIS Financial Corp Director Buys $29,702 in Stock (ZFC)
ZAIS Financial Corp (NYSE:ZFC) Director Marran H. Ogilvie bought 1,560 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was purchased at an average price of $19.04 per share, for a total transaction of $29,702.40. Following the completion of the transaction, the director now directly owns 5,850 shares of the company’s stock, valued at approximately $111,384. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of ZAIS Financial Corp (NYSE:ZFC) opened at 19.08 on Wednesday. ZAIS Financial Corp has a 1-year low of $15.62 and a 1-year high of $19.18. The stock has a 50-day moving average of $16.93 and a 200-day moving average of $16.77. The company has a market cap of $152.1 million and a price-to-earnings ratio of 4.56.
ZAIS Financial Corp (NYSE:ZFC) last released its earnings data 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.
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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