Last $17.36 USD
Change Today -0.35 / -1.98%
Volume 11.7K
ZFC On Other Exchanges
Symbol
Exchange
New York
As of 10:45 AM 12/29/14 All times are local (Market data is delayed by at least 15 minutes).

zais financial corp (ZFC) Snapshot

Open
$17.38
Previous Close
$17.71
Day High
$17.66
Day Low
$17.36
52 Week High
09/2/14 - $19.48
52 Week Low
12/31/13 - $15.76
Market Cap
139.4M
Average Volume 10 Days
25.0K
EPS TTM
$3.87
Shares Outstanding
8.0M
EX-Date
12/29/14
P/E TM
4.5x
Dividend
$1.60
Dividend Yield
9.15%
Current Stock Chart for ZAIS FINANCIAL CORP (ZFC)

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zais financial corp (ZFC) Details

Zais Financial Corp. invests in, finances, and manages performing and re-performing residential mortgage loans. The company also invests in, finances, and manages residential mortgage-backed securities (RMBS) that are not issued or guaranteed by a federally chartered corporation. In addition, it invests in mortgage servicing rights and RMBS that are issued or guaranteed by a federally chartered corporation or a U.S. Government agency, as well as in other real estate-related and financial assets, such as interest only strips created from RMBS, commercial mortgage-backed securities, and asset-backed securities. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2011 and is headquartered in Red Bank, New Jersey.

Founded in 2011

zais financial corp (ZFC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer and Treasurer
Total Annual Compensation: --
Chief Investment Officer
Total Annual Compensation: --
Chief Accounting Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

zais financial corp (ZFC) Key Developments

ZAIS Financial Corp. Declares Cash Dividend for the Fourth Quarter Ending December 31, 2014, Payable on January 15, 2015

ZAIS Financial Corp. announced that its board of directors declared a cash dividend of $0.40 per share of the company's common stock and operating partnership unit (OP unit) for the fourth quarter ending December 31, 2014. The dividend is payable on January 15, 2015, to stockholders and OP unit holders of record as of the close of business on December 31, 2014.

ZAIS Financial Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

ZAIS Financial Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. The company reported net income attributable to common stockholders for the three months ended September 30, 2014 of $1,149,497, or $0.14 per diluted weighted average share outstanding compared with net income of $3,716,061, or $0.47 per diluted weighted average share outstanding for the prior year period. The decrease in net income was largely attributable to a decrease in other gains /(losses) of $3.0 million and a $0.5 million increase in operating expenses, partially offset by an increase in net interest income of $0.6 million. For the three months ended September 30, 2014, the Company reported Core Earnings (which excludes changes in unrealized gains or losses on mortgage loans, real estate securities, other investment securities and real estate owned, realized gains or losses on mortgage loans and real estate securities, gains or losses on derivative instruments and certain non-recurring adjustments) of $3,084,915, or $0.35 per diluted weighted average share outstanding, compared with Core Earnings of $2,975,224, or $0.33 per diluted weighted average share outstanding during the same period in 2013. At September 30, 2014, the Company's book value was $22.11 per share of common stock and OP unit, compared with $22.37 as of June 30, 2014. The Company earned interest income of $11.0 million for the three months ended September 30, 2014, compared with $8.3 million of interest income for the prior year period. The increase in interest income was due to having a fully ramped and levered portfolio in 2014, primarily allocated to residential mortgage loans. Net interest income was $6,508,941 against $5,940,305 a year ago. For the nine months, the company reported net interest income of $18,512,857 against $13,641,034 a year ago. Net income attributable to common stockholders was $26,547,633 or $2.99 per diluted share against net loss of $1,405,119 or $0.20 per diluted share a year ago. Core earnings - non-GAAP was $7,759,112 or $0.87 per diluted share against $6,752,401 or $0.85 per diluted share a year ago.

James Zinn to Resign from Board of Directors and the Chair of the Board's Audit Committee of

On September 17, 2014, HF2 Financial Management Inc. announced that it entered into a definitive agreement to acquire a majority equity interest in ZAIS Group Parent, LLC. ZGP is the sole member of ZAIS Group, LLC, which is the managing member of ZAIS REIT Management, LLC, the external advisor to ZAIS Financial Corp. In connection with the HF2 transaction, HF2 Financial will be renamed ZAIS Group Holdings Inc. Mr. James Zinn is currently an independent member of the Company's Board of Directors and the Chair of the Board's Audit Committee. On October 27, Mr. Zinn agreed to be nominated as a director of ZAIS Group Holdings, subject to the completion of the HF2 transaction. It is expected that if the HF2 transaction is completed and Mr. Zinn joins the ZAIS Group Holding board of directors, he will resign from the Company's Board and from his role as Chair of the Board's Audit Committee.

 

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ZFC:US $17.36 USD -0.35

ZFC Competitors

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Company Last Change
BRT Realty Trust $7.00 USD +0.10
Cherry Hill Mortgage Investment Corp $18.58 USD +0.21
Ellington Residential Mortgage REIT $16.48 USD -0.2799
Five Oaks Investment Corp $10.93 USD +0.05
Orchid Island Capital Inc $13.09 USD -0.01
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Industry Analysis

ZFC

Industry Average

Valuation ZFC Industry Range
Price/Earnings 5.6x
Price/Sales 2.7x
Price/Book 0.8x
Price/Cash Flow 4.1x
TEV/Sales NM Not Meaningful
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