Great Ajax Corp. (NYSE:AJX) has received an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.33.

Several research firms have issued reports on AJX. B. Riley reaffirmed a “buy” rating on shares of Great Ajax Corp. in a report on Wednesday, November 1st. Zacks Investment Research raised Great Ajax Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Thursday. BidaskClub raised Great Ajax Corp. from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Compass Point raised Great Ajax Corp. from a “neutral” rating to a “buy” rating in a report on Wednesday, November 8th.

Shares of Great Ajax Corp. (NYSE AJX) opened at $14.64 on Monday. Great Ajax Corp. has a twelve month low of $12.61 and a twelve month high of $15.40. The company has a market capitalization of $267.21, a P/E ratio of 9.45 and a beta of 0.85. The company has a current ratio of 4.23, a quick ratio of 4.44 and a debt-to-equity ratio of 2.03.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.20 annualized dividend and a dividend yield of 8.20%. Great Ajax Corp.’s dividend payout ratio is currently 78.43%.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. American International Group Inc. increased its holdings in shares of 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 valued at $105,000 after buying an additional 619 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of 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 valued at $134,000 after buying an additional 1,347 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of 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 valued at $969,000 after buying an additional 2,022 shares in the last quarter. Rhumbline Advisers grew its position in Great Ajax Corp. by 15.6% during the 2nd quarter. Rhumbline Advisers now owns 17,933 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 2,415 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Great Ajax Corp. by 27.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 17,580 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 3,815 shares in the last quarter. 75.04% of the stock is currently owned by institutional investors.

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About Great Ajax Corp.

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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