Q1 2018 EPS Estimates for Great Ajax Corp Lifted by Analyst (AJX)
Great Ajax Corp (NYSE:AJX) – Stock analysts at B. Riley increased their Q1 2018 earnings estimates for shares of Great Ajax in a research note issued on Thursday. B. Riley analyst J. Levi-Ribner now expects that the real estate investment trust will post earnings of $0.43 per share for the quarter, up from their prior forecast of $0.40. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Great Ajax’s Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.46 EPS and FY2018 earnings at $1.80 EPS.
AJX has been the subject of several other research reports. Zacks Investment Research lowered shares of Great Ajax from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Compass Point began coverage on shares of Great Ajax in a research report on Friday, September 29th. They set a “neutral” rating and a $15.50 target price on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Great Ajax has a consensus rating of “Buy” and an average target price of $15.17.
Great Ajax (AJX) traded down $0.03 during midday trading on Monday, hitting $13.76. 33,400 shares of the company traded hands, compared to its average volume of 28,720. The company has a debt-to-equity ratio of 2.03, a quick ratio of 4.23 and a current ratio of 4.23. The company has a market cap of $251.70, a price-to-earnings ratio of 8.99 and a beta of 0.85. Great Ajax has a 1 year low of $12.72 and a 1 year high of $15.40.
Great Ajax (NYSE:AJX) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). Great Ajax had a return on equity of 10.04% and a net margin of 55.23%.
A number of large investors have recently added to or reduced their stakes in AJX. Russell Investments Group Ltd. grew its position in Great Ajax by 30.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 26,093 shares of the real estate investment trust’s stock worth $365,000 after purchasing an additional 6,014 shares during the last quarter. Rhumbline Advisers grew its position in Great Ajax by 15.6% during the 2nd quarter. Rhumbline Advisers now owns 17,933 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 2,415 shares during the last quarter. Bank of New York Mellon Corp grew its position in Great Ajax by 3.0% during 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 purchasing an additional 2,022 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Great Ajax during the 2nd quarter worth approximately $192,000. Finally, Teachers Advisors LLC grew its position in Great Ajax by 56.2% during the 2nd quarter. Teachers Advisors LLC now owns 29,039 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 10,450 shares during the last quarter. 71.42% of the stock is currently owned by institutional investors.
Great Ajax 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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