Revenue Update on ZAIS Financial Corp(NYSE:ZFC)

ZAIS Financial Corp(NYSE:ZFC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $12.53M. Analysts estimated a revenue of $3.91M. Earnings per share were $-0.11.

ZAIS Financial Corp (ZFC) shares turned negative on Wednesdays trading session with the shares closing down -0.18 points or -1.29% at a volume of 54,814. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14. The peak price level was also seen at $14 while the days lowest was $13.79. Finally the shares closed at $13.81. The 52-week high of the shares is $16 while the 52-week low is $12.63. According to the latest information available, the market cap of the company is $122 M.

ZAIS Financial Corp. is a real estate investment trust (REIT) that originates acquires finances sells services and manages residential mortgage loans. The Company operates through two business segments: residential mortgage loan investments and residential mortgage banking. The residential mortgage loan investments segment includes a portfolio of mortgage loans which were distressed re-performing or newly originated. The residential mortgage banking segment relates to the operations of its subsidiary GMFS LLC which originates mortgage loans for subsequent sale as whole loans either servicing retained or released. Its objective is to provide risk-adjusted returns to its stockholders primarily through quarterly distributions and secondarily through capital appreciation. Its target assets include residential mortgage loans; Non-Agency residential mortgage-backed securities; mortgage servicing rights; Agency RMBS and other real estate-related and financial assets.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *