$12.98 Million in Sales Expected for Great Ajax Corp. (AJX) This Quarter

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.

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

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