Shares of Great Ajax Corp. (NYSE:AJX) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price target of $16.75 for the company and are expecting that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also assigned Great Ajax Corp. an industry rank of 112 out of 265 based on the ratings given to related companies.

A number of brokerages have recently weighed in on AJX. FBR & Co reissued an “outperform” rating and set a $18.00 price target on shares of Great Ajax Corp. in a research report on Thursday, August 4th. Zacks Investment Research raised shares of Great Ajax Corp. from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research report on Tuesday, July 26th. Nomura reissued a “buy” rating and set a $16.00 price target on shares of Great Ajax Corp. in a research report on Wednesday, June 15th. Finally, Piper Jaffray Cos. began coverage on shares of Great Ajax Corp. in a research report on Monday, June 20th. They set an “overweight” rating and a $15.00 price target on the stock.

Great Ajax Corp. (NYSE:AJX) traded up 0.51% during mid-day trading on Wednesday, hitting $13.69. The stock had a trading volume of 6,302 shares. Great Ajax Corp. has a 1-year low of $9.06 and a 1-year high of $14.48. The company has a 50-day moving average price of $13.63 and a 200 day moving average price of $13.19. The company has a market cap of $245.64 million, a P/E ratio of 7.06 and a beta of 1.09.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.00 annualized dividend and a yield of 7.34%. Great Ajax Corp.’s dividend payout ratio is currently 51.28%.

A number of large investors have recently bought and sold shares of AJX. Sterneck Capital Management LLC boosted its stake in Great Ajax Corp. by 10.0% in the first quarter. Sterneck Capital Management LLC now owns 21,969 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 2,000 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Great Ajax Corp. by 18.5% in the second quarter. Parametric Portfolio Associates LLC now owns 15,957 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 2,486 shares in the last quarter. State Street Corp boosted its stake in Great Ajax Corp. by 15.2% in the first quarter. State Street Corp now owns 31,049 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 4,090 shares in the last quarter. Geode Capital Management LLC boosted its stake in Great Ajax Corp. by 15.7% in the first quarter. Geode Capital Management LLC now owns 35,273 shares of the real estate investment trust’s stock valued at $394,000 after buying an additional 4,791 shares in the last quarter. Finally, American International Group Inc. boosted its stake in Great Ajax Corp. by 193.5% in the second quarter. American International Group Inc. now owns 7,457 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 4,916 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

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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