Great Ajax Corp. (NYSE:AJX) Receives Average Recommendation of “Hold” from Analysts

Great Ajax Corp. (NYSE:AJXGet Rating) has been assigned a consensus recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $15.00.

Several equities research analysts have issued reports on AJX shares. JMP Securities lowered their target price on shares of Great Ajax from $15.00 to $11.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 26th. StockNews.com assumed coverage on Great Ajax in a report on Thursday, March 31st. They set a “hold” rating on the stock. Compass Point upgraded Great Ajax from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, May 17th. Finally, Zacks Investment Research lowered Great Ajax from a “hold” rating to a “sell” rating in a report on Tuesday, May 17th.

AJX traded up $0.09 on Tuesday, hitting $9.41. 120,038 shares of the company’s stock were exchanged, compared to its average volume of 162,640. Great Ajax has a fifty-two week low of $8.68 and a fifty-two week high of $14.74. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.72. The firm has a 50-day moving average price of $10.21 and a 200-day moving average price of $11.90. The stock has a market cap of $218.12 million, a price-to-earnings ratio of 7.41 and a beta of 1.80.

Great Ajax (NYSE:AJXGet Rating) last announced its earnings results on Thursday, May 5th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.21). Great Ajax had a return on equity of 9.55% and a net margin of 53.18%. During the same quarter last year, the firm posted $0.30 EPS. On average, equities analysts predict that Great Ajax will post 1.44 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be issued a $0.26 dividend. The ex-dividend date is Friday, May 13th. This represents a $1.04 annualized dividend and a yield of 11.05%. Great Ajax’s dividend payout ratio (DPR) is currently 81.89%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in Great Ajax by 2.5% in the 3rd quarter. Royal Bank of Canada now owns 45,694 shares of the real estate investment trust’s stock valued at $617,000 after buying an additional 1,116 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Great Ajax by 2.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 57,853 shares of the real estate investment trust’s stock worth $679,000 after purchasing an additional 1,545 shares during the period. Advisor Group Holdings Inc. increased its stake in Great Ajax by 2.2% during the first quarter. Advisor Group Holdings Inc. now owns 94,643 shares of the real estate investment trust’s stock worth $1,110,000 after purchasing an additional 2,032 shares during the period. BNP Paribas Arbitrage SA increased its stake in Great Ajax by 51.2% during the third quarter. BNP Paribas Arbitrage SA now owns 6,261 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 2,119 shares during the period. Finally, Invesco Ltd. increased its stake in Great Ajax by 6.0% during the first quarter. Invesco Ltd. now owns 37,875 shares of the real estate investment trust’s stock worth $444,000 after purchasing an additional 2,145 shares during the period. Hedge funds and other institutional investors own 80.85% of the company’s stock.

Great Ajax Company Profile (Get Rating)

Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases.

Featured Stories

Receive News & Ratings for Great Ajax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Ajax and related companies with MarketBeat.com's FREE daily email newsletter.