Brokerages forecast that Great Ajax Corp (NYSE:AJX) will post earnings of $0.44 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Great Ajax’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.44. Great Ajax posted earnings of $0.38 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.8%. The firm is scheduled to report its next earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Great Ajax will report full year earnings of $1.62 per share for the current year, with EPS estimates ranging from $1.60 to $1.64. For the next year, analysts forecast that the firm will report earnings of $1.78 per share, with EPS estimates ranging from $1.72 to $1.84. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Great Ajax.

Great Ajax (NYSE:AJX) last released its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The firm had revenue of $14.78 million for the quarter, compared to analyst estimates of $14.51 million. Great Ajax had a net margin of 50.12% and a return on equity of 9.38%.

A number of research firms recently issued reports on AJX. ValuEngine raised Great Ajax from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. Zacks Investment Research cut Great Ajax from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.17.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp lifted its position in shares of Great Ajax by 3.7% during the 2nd quarter. Northern Trust Corp now owns 179,215 shares of the real estate investment trust’s stock worth $2,344,000 after purchasing an additional 6,395 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Great Ajax by 7.8% during the 2nd quarter. California Public Employees Retirement System now owns 61,315 shares of the real estate investment trust’s stock worth $802,000 after purchasing an additional 4,415 shares during the last quarter. Family Management Corp lifted its position in shares of Great Ajax by 3.2% during the 2nd quarter. Family Management Corp now owns 204,804 shares of the real estate investment trust’s stock worth $2,679,000 after purchasing an additional 6,431 shares during the last quarter. Wolverine Asset Management LLC lifted its position in shares of Great Ajax by 841.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 139,758 shares of the real estate investment trust’s stock worth $1,828,000 after purchasing an additional 124,912 shares during the last quarter. Finally, Wealthsource Partners LLC acquired a new position in shares of Great Ajax during the 2nd quarter worth about $181,000. 69.66% of the stock is owned by institutional investors and hedge funds.

AJX traded up $0.16 during trading on Friday, reaching $13.70. 110,648 shares of the stock traded hands, compared to its average volume of 29,346. The stock has a market cap of $257.86 million, a price-to-earnings ratio of 8.73 and a beta of 0.63. Great Ajax has a fifty-two week low of $12.27 and a fifty-two week high of $14.69. The company has a current ratio of 4.28, a quick ratio of 4.28 and a debt-to-equity ratio of 2.28.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 30th. Investors of record on Wednesday, August 15th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 8.76%. Great Ajax’s payout ratio is 76.43%.

Great Ajax Company Profile

Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties, such as one to four unit homes and smaller commercial properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases.

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

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