B. Riley Weighs in on Great Ajax Corp’s Q1 2019 Earnings (AJX)
Great Ajax Corp (NYSE:AJX) – Equities researchers at B. Riley issued their Q1 2019 earnings per share estimates for Great Ajax in a research note issued on Thursday. B. Riley analyst J. Levi-Ribner forecasts that the real estate investment trust will post earnings per share of $0.46 for the quarter. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Great Ajax’s Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.48 EPS, Q4 2019 earnings at $0.49 EPS and FY2019 earnings at $1.90 EPS.
Several other research firms also recently weighed in on AJX. Zacks Investment Research upgraded Great Ajax from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, November 9th. Compass Point started coverage on Great Ajax in a research note on Friday, September 29th. They set a “neutral” rating and a $15.50 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $15.17.
Great Ajax (NYSE:AJX) traded down $0.07 during trading on Friday, reaching $13.79. The company’s stock had a trading volume of 14,938 shares, compared to its average volume of 38,493. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 2.03. The stock has a market cap of $252.97, a P/E ratio of 9.01 and a beta of 0.85. Great Ajax has a twelve month low of $12.72 and a twelve month high of $15.40.
Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in shares of Great Ajax by 11.4% in the second quarter. FMR LLC now owns 1,736,388 shares of the real estate investment trust’s stock worth $24,275,000 after buying an additional 177,662 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Great Ajax by 12.9% in the second quarter. Northern Trust Corp now owns 176,039 shares of the real estate investment trust’s stock worth $2,461,000 after buying an additional 20,154 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Great Ajax by 3.3% in the second quarter. Vanguard Group Inc. now owns 631,753 shares of the real estate investment trust’s stock worth $8,832,000 after buying an additional 20,034 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Great Ajax by 56.2% in the second quarter. Teachers Advisors LLC now owns 29,039 shares of the real estate investment trust’s stock worth $406,000 after buying an additional 10,450 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Great Ajax by 30.0% in the second quarter. Russell Investments Group Ltd. now owns 26,093 shares of the real estate investment trust’s stock worth $365,000 after buying an additional 6,014 shares during the last quarter. Hedge funds and other institutional investors own 71.42% of the company’s stock.
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About Great Ajax
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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