Great Ajax Corp. (NYSE:AJX) Lifted to Hold at BidaskClub
Great Ajax Corp. (NYSE:AJX) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
AJX has been the topic of a number of other reports. Zacks Investment Research downgraded Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. FBR & Co reaffirmed a “buy” rating on shares of Great Ajax Corp. in a research report on Thursday, April 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $15.30.
Shares of Great Ajax Corp. (AJX) traded up 1.162% on Thursday, hitting $14.719. The stock had a trading volume of 10,877 shares. Great Ajax Corp. has a 52-week low of $12.61 and a 52-week high of $15.40. The company has a 50-day moving average of $14.07 and a 200-day moving average of $13.58. The company has a market cap of $259.41 million, a P/E ratio of 9.375 and a beta of 0.88.
Great Ajax Corp. (NYSE:AJX) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by $0.09. The business had revenue of $13.11 million for 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 anticipate that Great Ajax Corp. will post $1.75 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. purchased a new position in Great Ajax Corp. during the second quarter valued at about $192,000. Bank of New York Mellon Corp increased its position in Great Ajax Corp. by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 69,335 shares of the real estate investment trust’s stock valued at $969,000 after buying an additional 2,022 shares during the last quarter. Rhumbline Advisers increased its position in 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 during the last quarter. Monarch Partners Asset Management LLC purchased a new position in Great Ajax Corp. during the second quarter valued at about $451,000. Finally, Russell Investments Group Ltd. increased its position in Great Ajax Corp. by 30.0% in the second quarter. Russell Investments Group Ltd. now owns 26,093 shares of the real estate investment trust’s stock valued at $365,000 after buying an additional 6,014 shares during the last quarter. 71.93% of the stock is currently 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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