Compass Point Initiates Coverage on Great Ajax Corp. (AJX)
Compass Point started coverage on shares of Great Ajax Corp. (NYSE:AJX) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $15.50 price target on the real estate investment trust’s stock.
A number of other equities analysts have also recently commented on AJX. Zacks Investment Research raised Great Ajax Corp. from a sell rating to a hold rating in a report on Wednesday, August 23rd. BidaskClub raised Great Ajax Corp. from a hold rating to a buy rating in a research note on Wednesday, August 16th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Great Ajax Corp. presently has a consensus rating of Hold and an average price target of $15.33.
Great Ajax Corp. (NYSE:AJX) opened at 14.18 on Friday. Great Ajax Corp. has a 12 month low of $12.61 and a 12 month high of $14.34. The firm has a market capitalization of $249.91 million, a price-to-earnings ratio of 9.03 and a beta of 0.86. The stock’s 50 day moving average is $14.10 and its 200-day moving average is $14.10.
Great Ajax Corp. (NYSE:AJX) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.36 earnings per share 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 business had revenue of $13.11 million during the quarter, compared to analyst estimates of $12.99 million. Equities analysts anticipate that Great Ajax Corp. will post $1.78 earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the business. American International Group Inc. grew its stake in shares of Great Ajax Corp. by 8.3% during 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 during the last quarter. Nationwide Fund Advisors increased its holdings in shares of Great Ajax Corp. by 16.3% during 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. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Great Ajax Corp. during the second quarter worth $192,000. Wealthsource Partners LLC acquired a new position in shares of Great Ajax Corp. during the second quarter worth $214,000. Finally, Teachers Advisors LLC increased its holdings in shares of Great Ajax Corp. by 28.3% during the fourth quarter. Teachers Advisors LLC now owns 18,589 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 4,096 shares in the last quarter. Hedge funds and other institutional investors own 75.26% 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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