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Last $14.73 USD
Change Today -0.09 / -0.61%
Volume 8.6K
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

zais financial corp (ZFC) Snapshot

Open
$14.80
Previous Close
$14.82
Day High
$14.88
Day Low
$14.73
52 Week High
09/2/14 - $19.48
52 Week Low
08/26/15 - $13.94
Market Cap
117.4M
Average Volume 10 Days
39.2K
EPS TTM
$1.00
Shares Outstanding
8.0M
EX-Date
06/26/15
P/E TM
14.8x
Dividend
$1.60
Dividend Yield
10.86%
Current Stock Chart for ZAIS FINANCIAL CORP (ZFC)

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zais financial corp (ZFC) Details

Zais Financial Corp. originates, acquires, finances, sells, services, and manages residential mortgage loans in the United States. It originates mortgage loans through its GMFS mortgage banking platform; and acquires performing, re-performing, and newly originated loans through other channels. 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 based in Red Bank, New Jersey.

216 Employees
Last Reported Date: 03/16/15
Founded in 2011

zais financial corp (ZFC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Investment Officer
Total Annual Compensation: --
Chief Accounting Officer
Total Annual Compensation: --
Managing Director for Special Projects
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

zais financial corp (ZFC) Key Developments

ZAIS Financial Corp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

ZAIS Financial Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income attributable to the company's common stockholders of $6,053,811 or $0.65 per diluted share compared with $23,173,931 or $2.47 per diluted for the same period in 2014. These results include GMFS operations which contributed $7,900,000 of income before income taxes and partially offset the quarter over quarter decline due to a decrease in unrealized gains from mortgages held for investment. Core earnings was $3,416,742, or $0.38 per diluted share compared with $3,183,439 or $0.36 per diluted share for the same period in 2014. Book value per share of common stock and OP unit of $21.74 as of June 30, 2015, compared with $21.38 as of March 31, 2015. The increase in core earnings was primarily due to the addition of net income from GMFS operations, partially offset by a decline in net interest income due to the sale of assets to fund the GMFS purchase, and a decrease in the net interest spread. Interest income was $9,561,348 compared with $10,831,220 for the three months ended June 30, 2014. The decrease was primarily due to a decrease in interest income from the residential mortgage-backed securities (RMBS) portfolio of $1,600,000 primarily due to the reallocation of capital to whole loans and the sales of RMBS in the fourth quarter of 2014 to fund the acquisition of GMFS and a decrease in interest income from mortgage loans held for investment of $400,000 due to scheduled principal pay downs, offset by an increase in interest income from mortgage loans held for sale of $800,000 due to the acquisition of GMFS on October 31, 2014. Net interest income was $4,833,599 against $6,414,835 a year ago. Net income before income tax expense was $9,609,432 against $25,872,135 a year ago. For the six months, the company’s net income attributable to the company's common stockholders was $6,427,591 or $0.79 per diluted share against $25,398,136 or $2.79 per diluted share a year ago. Core earnings were $7,954,133 or $0.89 per share against $4,674,197 or $0.53 per share a year ago. Total interest income was $19,248,745 against $20,324,253 a year ago. Net interest income was $9,775,519 against $12,003,916 a year ago. Net income before income tax expense was $9,881,149 against $28,354,994 a year ago.

ZAIS Financial Corp. to Report Q2, 2015 Results on Aug 05, 2015

ZAIS Financial Corp. announced that they will report Q2, 2015 results at 10:00 AM, US Eastern Standard Time on Aug 05, 2015

ZAIS Financial Corp., Q2 2015 Earnings Call, Aug 05, 2015

ZAIS Financial Corp., Q2 2015 Earnings Call, Aug 05, 2015

 

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ZFC:US $14.73 USD -0.09

ZFC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
BRT Realty Trust $6.95 USD -0.05
Cherry Hill Mortgage Investment Corp $16.16 USD +0.07
Ellington Residential Mortgage REIT $13.00 USD +0.04
Five Oaks Investment Corp $6.33 USD +0.08
Owens Realty Mortgage Inc $13.70 USD +0.02
View Industry Companies
 

Industry Analysis

ZFC

Industry Average

Valuation ZFC Industry Range
Price/Earnings 20.2x
Price/Sales 2.3x
Price/Book 0.7x
Price/Cash Flow 15.1x
TEV/Sales NM Not Meaningful
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