Great Ajax Corp. (AJX) Receives Average Rating of “Buy” from Analysts
Shares of Great Ajax Corp. (NYSE:AJX) have received an average recommendation of “Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $15.13.
A number of research firms have weighed in on AJX. BidaskClub upgraded shares of Great Ajax Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research cut Great Ajax Corp. from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd.
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Shares of Great Ajax Corp. (NYSE:AJX) traded up 0.28% during trading on Wednesday, reaching $14.08. 24,245 shares of the company’s stock traded hands. The stock has a 50-day moving average of $14.14 and a 200-day moving average of $13.67. Great Ajax Corp. has a 1-year low of $12.61 and a 1-year high of $15.40. The company has a market capitalization of $248.15 million, a price-to-earnings ratio of 8.97 and a beta of 0.88.
Great Ajax Corp. (NYSE:AJX) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.09. The company had revenue of $13.11 million during the quarter, compared to analyst estimates of $12.99 million. Great Ajax Corp. had a return on equity of 10.22% and a net margin of 58.46%. On average, equities analysts predict that Great Ajax Corp. will post $1.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.30 per share. This is a boost from Great Ajax Corp.’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 8.52%. The ex-dividend date of this dividend is Friday, August 11th. Great Ajax Corp.’s payout ratio is currently 76.43%.
A number of hedge funds have recently made changes to their positions in the company. American International Group Inc. boosted its stake 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 boosted its stake 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. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Great Ajax Corp. during the second quarter valued at $192,000. Wealthsource Partners LLC purchased a new stake in shares of Great Ajax Corp. during the second quarter valued at $214,000. Finally, Rhumbline Advisers boosted its stake in shares of Great Ajax Corp. by 15.6% in the second quarter. Rhumbline Advisers now owns 17,933 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 2,415 shares in the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.
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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