Brokerages predict that Great Ajax Corp (NYSE:AJX) will announce sales of $13.82 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Great Ajax’s earnings, with estimates ranging from $13.36 million to $14.28 million. Great Ajax reported sales of $10.97 million in the same quarter last year, which would suggest a positive year over year growth rate of 26%. The business is scheduled to issue its next earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that Great Ajax will report full-year sales of $13.82 million for the current financial year, with estimates ranging from $52.70 million to $55.28 million. For the next fiscal year, analysts expect that the company will post sales of $58.73 million per share, with estimates ranging from $54.66 million to $64.32 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Great Ajax.

AJX has been the topic of several recent research reports. Zacks Investment Research raised shares of Great Ajax from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, November 9th. Compass Point raised shares of Great Ajax from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 8th. Finally, B. Riley restated a “buy” rating on shares of Great Ajax in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $15.17.

Institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors lifted its stake in shares of Great Ajax by 16.3% during the 2nd 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 by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 69,335 shares of the real estate investment trust’s stock worth $969,000 after buying an additional 2,022 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Great Ajax by 15.6% in the 2nd quarter. Rhumbline Advisers now owns 17,933 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 2,415 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Great Ajax by 27.7% in 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 buying an additional 3,815 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Great Ajax by 31.1% in 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 buying an additional 4,260 shares during the last quarter. Institutional investors and hedge funds own 71.42% of the company’s stock.

Shares of Great Ajax (NYSE AJX) opened at $14.20 on Monday. Great Ajax has a one year low of $12.72 and a one year high of $15.40. The stock has a market cap of $259.18, a PE ratio of 9.16 and a beta of 0.86. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 2.03.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.45%. The ex-dividend date of this dividend was Thursday, November 16th. Great Ajax’s payout ratio is presently 78.43%.

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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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Earnings History and Estimates for Great Ajax (NYSE:AJX)

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