Great Ajax Corp. (AJX) Receives $15.38 Consensus PT from Analysts
Great Ajax Corp. (NYSE:AJX) has received a consensus recommendation of “Buy” from the seven brokerages that are presently covering the firm. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.38.
Several research firms have commented on AJX. FBR & Co reiterated an “outperform” rating and set a $18.00 price objective on shares of Great Ajax Corp. in a research report on Thursday, August 4th. Raymond James Financial Inc. began coverage on shares of Great Ajax Corp. in a research report on Tuesday, November 22nd. They set an “outperform” rating and a $16.00 price objective for the company. JMP Securities began coverage on shares of Great Ajax Corp. in a research report on Thursday, October 20th. They set a “mkt outperform” rating and a $16.00 price objective for the company. Nomura lowered shares of Great Ajax Corp. from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $16.00 to $14.50 in a research report on Wednesday, November 9th. Finally, Zacks Investment Research lowered shares of Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 4th.
Great Ajax Corp. (NYSE:AJX) opened at 13.35 on Friday. The stock has a market cap of $241.89 million, a PE ratio of 7.19 and a beta of 1.06. The company’s 50 day moving average is $13.67 and its 200 day moving average is $13.70. Great Ajax Corp. has a 12 month low of $9.06 and a 12 month high of $14.48.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 7.49%. Great Ajax Corp.’s dividend payout ratio (DPR) is presently 53.48%.
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Large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in Great Ajax Corp. during the second quarter valued at about $146,000. American Financial Group Inc. raised its stake in shares of Great Ajax Corp. by 1.1% in the second quarter. American Financial Group Inc. now owns 1,571,190 shares of the real estate investment trust’s stock worth $21,793,000 after buying an additional 16,502 shares during the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Great Ajax Corp. during the second quarter worth $620,000. Sterneck Capital Management LLC raised its stake in shares of Great Ajax Corp. by 10.0% in the first quarter. Sterneck Capital Management LLC now owns 21,969 shares of the real estate investment trust’s stock worth $246,000 after buying an additional 2,000 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Great Ajax Corp. during the second quarter worth $398,000. Hedge funds and other institutional investors own 73.64% of the company’s stock.
Great Ajax Corp. Company Profile
Great Ajax Corp. is an externally managed real estate company. The Company is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. Its segment is focused on non-performing mortgages and re-performing mortgages.
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