Great Ajax Corp. (NYSE:AJX) Receiving Somewhat Positive News Coverage, Accern Reports
News coverage about Great Ajax Corp. (NYSE:AJX) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Great Ajax Corp. earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Analysts Anticipate Great Ajax Corp. (AJX) to Announce $0.46 Earnings Per Share (americanbankingnews.com)
- Great Ajax Corp. (AJX) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Great Ajax Corp. (AJX) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Great Ajax Corp. (NYSE:AJX) Increases Dividend to $0.30 Per Share (americanbankingnews.com)
- Great Ajax Corp. (NYSE:AJX) Posts Quarterly Earnings Results, Misses Estimates By $0.09 EPS (americanbankingnews.com)
Great Ajax Corp. (AJX) traded up 2.79% during midday trading on Monday, reaching $14.36. The company’s stock had a trading volume of 344,996 shares. The company has a market cap of $260.91 million, a P/E ratio of 9.17 and a beta of 0.88. Great Ajax Corp. has a 12-month low of $12.61 and a 12-month high of $15.40. The firm has a 50 day moving average price of $14.07 and a 200-day moving average price of $13.54.
Great Ajax Corp. (NYSE:AJX) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.09. Great Ajax Corp. had a net margin of 58.46% and a return on equity of 10.22%. The company had revenue of $13.11 million during the quarter, compared to analysts’ expectations of $12.99 million. On average, equities research analysts predict that Great Ajax Corp. will post $1.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Tuesday, August 15th will be issued a $0.30 dividend. The ex-dividend date is Friday, August 11th. This is an increase from Great Ajax Corp.’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.36%. Great Ajax Corp.’s dividend payout ratio (DPR) is currently 71.34%.
AJX has been the topic of several analyst reports. Zacks Investment Research downgraded Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub downgraded Great Ajax Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, FBR & Co reissued a “buy” rating on shares of Great Ajax Corp. in a report on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $15.30.
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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