Great Ajax Corp (NYSE:AJX) announced a quarterly dividend on Thursday, April 20th. Stockholders of record on Tuesday, May 16th will be given a dividend of 0.28 per share by the real estate investment trust on Tuesday, May 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date of this dividend is Friday, May 12th. This is a positive change from Great Ajax Corp’s previous quarterly dividend of $0.25.
Great Ajax Corp (NYSE:AJX) opened at 13.82 on Friday. The company has a market capitalization of $251.11 million, a P/E ratio of 8.48 and a beta of 0.92. The company’s 50-day moving average is $13.46 and its 200 day moving average is $13.33. Great Ajax Corp has a one year low of $12.61 and a one year high of $14.48.
Great Ajax Corp (NYSE:AJX) last issued its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Great Ajax Corp had a net margin of 66.54% and a return on equity of 11.53%. The firm had revenue of $13.67 million during the quarter, compared to analyst estimates of $12.98 million. On average, equities analysts anticipate that Great Ajax Corp will post $1.89 earnings per share for the current year.
Several brokerages have issued reports on AJX. Instinet lowered their price objective on shares of Great Ajax Corp from $14.50 to $14.00 and set a “neutral” rating for the company in a research report on Monday, March 6th. Zacks Investment Research raised shares of Great Ajax Corp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, FBR & Co reaffirmed a “buy” rating on shares of Great Ajax Corp in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Great Ajax Corp currently has a consensus rating of “Buy” and a consensus price target of $15.64.
A hedge fund recently raised its stake in Great Ajax Corp stock. American International Group Inc. increased its position in Great Ajax Corp (NYSE:AJX) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,067 shares of the real estate investment trust’s stock after buying an additional 619 shares during the period. American International Group Inc.’s holdings in Great Ajax Corp were worth $105,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 76.40% of the company’s stock.
About Great Ajax Corp
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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