Great Ajax Corp. (AJX) Earning Somewhat Positive News Coverage, Report Shows
Headlines about Great Ajax Corp. (NYSE:AJX) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. 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 news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.8447230968417 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Great Ajax Corp. (AJX) opened at 14.11 on Thursday. The company’s 50 day moving average price is $14.15 and its 200-day moving average price is $13.73. Great Ajax Corp. has a 1-year low of $12.61 and a 1-year high of $15.40. The company has a market capitalization of $248.67 million, a price-to-earnings ratio of 8.99 and a beta of 0.87.
Great Ajax Corp. (NYSE:AJX) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ 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 analyst estimates of $12.99 million. On average, equities analysts forecast that Great Ajax Corp. will post $1.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.50%. The ex-dividend date was Friday, August 11th. This is a boost from Great Ajax Corp.’s previous quarterly dividend of $0.28. Great Ajax Corp.’s dividend payout ratio (DPR) is currently 76.43%.
Several equities research analysts have recently commented on AJX shares. BidaskClub upgraded Great Ajax Corp. from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded Great Ajax Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Great Ajax Corp. presently has an average rating of “Buy” and a consensus price target 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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