Great Ajax Corp (AJX) Given Consensus Rating of “Hold” by Brokerages
Great Ajax Corp (NYSE:AJX) has earned an average rating of “Hold” from the eight research firms that are covering the company. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.10.
AJX has been the topic of a number of recent research reports. Zacks Investment Research lowered Great Ajax Corp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 7th. FBR & Co reiterated a “buy” rating on shares of Great Ajax Corp in a research note on Wednesday, March 8th. Finally, Instinet decreased their price target on Great Ajax Corp from $14.50 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, March 6th.
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Shares of Great Ajax Corp (NYSE:AJX) traded up 1.29% during mid-day trading on Friday, reaching $13.37. 85,448 shares of the company’s stock traded hands. The company has a market capitalization of $242.59 million, a P/E ratio of 8.08 and a beta of 0.92. Great Ajax Corp has a 1-year low of $12.61 and a 1-year high of $14.48. The firm has a 50-day moving average price of $13.03 and a 200-day moving average price of $13.34.
Great Ajax Corp (NYSE:AJX) last posted its quarterly earnings data on Wednesday, March 1st. The real estate investment trust reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.18. Great Ajax Corp had a return on equity of 11.53% and a net margin of 66.54%. The company had revenue of $10.97 million for the quarter, compared to the consensus estimate of $14.20 million. On average, equities research analysts forecast that Great Ajax Corp will post $1.96 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 30th. Investors of record on Tuesday, May 16th will be issued a dividend of $0.28 per share. This is an increase from Great Ajax Corp’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 12th. This represents a $1.12 annualized dividend and a dividend yield of 8.38%. Great Ajax Corp’s dividend payout ratio (DPR) is 53.48%.
Large investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC increased its position in shares of Great Ajax Corp by 28.3% in the fourth quarter. Teachers Advisors LLC now owns 18,589 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 4,096 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Great Ajax Corp by 35.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 42,582 shares of the real estate investment trust’s stock valued at $565,000 after buying an additional 11,236 shares during the last quarter. Menta Capital LLC increased its position in shares of Great Ajax Corp by 41.1% in the fourth quarter. Menta Capital LLC now owns 22,086 shares of the real estate investment trust’s stock valued at $293,000 after buying an additional 6,434 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Great Ajax Corp by 34.9% in the fourth quarter. Renaissance Technologies LLC now owns 123,800 shares of the real estate investment trust’s stock valued at $1,643,000 after buying an additional 32,000 shares during the last quarter. Finally, FMR LLC increased its position in shares of Great Ajax Corp by 0.9% in the fourth quarter. FMR LLC now owns 1,558,726 shares of the real estate investment trust’s stock valued at $20,684,000 after buying an additional 13,313 shares during the last quarter. 76.40% of the stock is currently owned by institutional investors.
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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