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.

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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.

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

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