$14.63 Million in Sales Expected for Great Ajax Corp. (AJX) This Quarter
Equities research analysts expect Great Ajax Corp. (NYSE:AJX) to announce $14.63 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Great Ajax Corp.’s earnings. The highest sales estimate is $15.29 million and the lowest is $13.98 million. Great Ajax Corp. reported sales of $11.62 million in the same quarter last year, which indicates a positive year over year growth rate of 25.9%. The business is expected to report its next quarterly earnings report on Tuesday, November 7th.
On average, analysts expect that Great Ajax Corp. will report full-year sales of $14.63 million for the current financial year, with estimates ranging from $55.00 million to $57.95 million. For the next year, analysts anticipate that the company will report sales of $62.62 million per share, with estimates ranging from $58.23 million to $67.01 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Great Ajax Corp..
Great Ajax Corp. (NYSE:AJX) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.36 EPS for the quarter, missing the 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 business had revenue of $13.11 million during the quarter, compared to analysts’ expectations of $12.99 million.
A number of research firms have commented on AJX. BidaskClub raised Great Ajax Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research raised Great Ajax Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $15.30.
A number of institutional investors have recently bought and sold shares of AJX. American International Group Inc. raised its position in Great Ajax Corp. by 8.3% in the first quarter. American International Group Inc. now owns 8,067 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 619 shares in the last quarter. Nationwide Fund Advisors raised its position in Great Ajax Corp. by 16.3% in the second quarter. Nationwide Fund Advisors now owns 9,600 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 1,347 shares in the last quarter. Bard Associates Inc. raised its position in Great Ajax Corp. by 1.0% in the first quarter. Bard Associates Inc. now owns 190,665 shares of the real estate investment trust’s stock worth $2,488,000 after buying an additional 1,825 shares in the last quarter. Bank of New York Mellon Corp raised its position in Great Ajax Corp. by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 69,335 shares of the real estate investment trust’s stock worth $969,000 after buying an additional 2,022 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Great Ajax Corp. by 15.6% in the second quarter. Rhumbline Advisers now owns 17,933 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 2,415 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors.
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Shares of Great Ajax Corp. (AJX) opened at 14.25 on Monday. The company has a 50-day moving average of $14.14 and a 200 day moving average of $13.67. The stock has a market cap of $251.14 million, a P/E ratio of 9.08 and a beta of 0.88. Great Ajax Corp. has a 52-week low of $12.61 and a 52-week high of $15.40.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.20 dividend on an annualized basis and a yield of 8.42%. This is a positive change from Great Ajax Corp.’s previous quarterly dividend of $0.28. Great Ajax Corp.’s payout ratio is currently 76.43%.
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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