Brokerages expect Great Ajax Corp. (NYSE:AJX) to report sales of $12.98 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Great Ajax Corp.’s earnings, with estimates ranging from $12.50 million to $13.47 million. Great Ajax Corp. posted sales of $10.69 million during the same quarter last year, which would indicate a positive year over year growth rate of 21.4%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, August 1st.
According to Zacks, analysts expect that Great Ajax Corp. will report full year sales of $12.98 million for the current year, with estimates ranging from $52.51 million to $55.56 million. For the next year, analysts expect that the business will report sales of $59.08 million per share, with estimates ranging from $58.23 million to $59.93 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Great Ajax Corp..
Great Ajax Corp. (NYSE:AJX) last posted its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by $0.01. Great Ajax Corp. had a return on equity of 10.27% and a net margin of 60.91%. The business had revenue of $13.67 million for the quarter, compared to the consensus estimate of $12.98 million.
AJX has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Great Ajax Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Tuesday, May 9th. Instinet lowered their target price on shares of Great Ajax Corp. from $14.50 to $14.00 and set a “neutral” rating for the company in a research note on Monday, March 6th. Finally, FBR & Co reiterated a “buy” rating on shares of Great Ajax Corp. in a research note on Wednesday, March 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.75.
Great Ajax Corp. (NYSE AJX) traded down 1.62% during midday trading on Friday, reaching $13.94. 44,472 shares of the company traded hands. The stock has a market capitalization of $253.29 million, a P/E ratio of 8.55 and a beta of 0.89. The company has a 50 day moving average price of $13.94 and a 200-day moving average price of $13.42. Great Ajax Corp. has a one year low of $12.61 and a one year high of $14.60.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 30th. Shareholders of record on Tuesday, May 16th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, May 12th. This is a positive change from Great Ajax Corp.’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a yield of 8.03%. Great Ajax Corp.’s dividend payout ratio (DPR) is currently 68.71%.
A number of institutional investors have recently bought and sold shares of AJX. Family Management Corp acquired a new position in Great Ajax Corp. during the first quarter worth about $496,000. Bard Associates Inc. raised its position in Great Ajax Corp. by 1.0% in the first quarter. Bard Associates Inc. now owns 190,665 shares of the real estate investment trust’s stock worth $2,488,000 after buying an additional 1,825 shares in the last quarter. Vanguard Group Inc. raised its position in Great Ajax Corp. by 14.7% in the first quarter. Vanguard Group Inc. now owns 611,719 shares of the real estate investment trust’s stock worth $7,983,000 after buying an additional 78,399 shares in the last quarter. American International Group Inc. raised its position in 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 worth $105,000 after buying an additional 619 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Great Ajax Corp. by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 67,313 shares of the real estate investment trust’s stock worth $879,000 after buying an additional 2,525 shares in the last quarter. 71.89% of the stock is owned by 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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