Great Ajax Corp. (AJX) Receives $15.33 Average Price Target from Analysts
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.
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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