Shares of Great Ajax Corp. (NYSE:AJX) have received an average rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.20.

Several brokerages recently weighed in on AJX. BidaskClub upgraded Great Ajax Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Compass Point assumed coverage on Great Ajax Corp. in a research note on Friday, September 29th. They set a “neutral” rating and a $15.50 target price on the stock. Finally, Zacks Investment Research raised Great Ajax Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd.

Shares of Great Ajax Corp. (AJX) traded up 0.28% on Thursday, hitting $14.50. The stock had a trading volume of 33,577 shares. The company has a market cap of $264.60 million, a P/E ratio of 9.35 and a beta of 0.86. The company’s 50 day moving average price is $14.23 and its 200-day moving average price is $13.99. Great Ajax Corp. has a 12 month low of $12.61 and a 12 month high of $15.40.

Great Ajax Corp. (NYSE:AJX) last announced 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 return on equity of 10.22% and a net margin of 58.46%. The business had revenue of $13.11 million for the quarter, compared to analysts’ expectations of $12.99 million. On average, analysts expect that Great Ajax Corp. will post $1.78 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Family Management Corp lifted its position in Great Ajax Corp. by 99.1% during the 2nd quarter. Family Management Corp now owns 75,602 shares of the real estate investment trust’s stock worth $1,057,000 after acquiring an additional 37,623 shares during the period. Wasatch Advisors Inc. lifted its position in Great Ajax Corp. by 13.2% during the 2nd quarter. Wasatch Advisors Inc. now owns 64,400 shares of the real estate investment trust’s stock worth $900,000 after acquiring an additional 7,500 shares during the period. Wealthsource Partners LLC acquired a new stake in Great Ajax Corp. during the 2nd quarter worth about $214,000. The Manufacturers Life Insurance Company lifted its position in Great Ajax Corp. by 31.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,977 shares of the real estate investment trust’s stock worth $252,000 after acquiring an additional 4,260 shares during the period. Finally, State Street Corp lifted its position in Great Ajax Corp. by 14.0% during the 2nd quarter. State Street Corp now owns 213,596 shares of the real estate investment trust’s stock worth $2,989,000 after acquiring an additional 26,212 shares during the period. 75.26% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Great Ajax Corp. (NYSE:AJX)

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