BidaskClub downgraded shares of Great Ajax Corp. (NYSE:AJX) from a hold rating to a sell rating in a research report released on Monday.
Several other research analysts have also recently weighed in on AJX. FBR & Co reiterated a buy rating on shares of Great Ajax Corp. in a research report on Thursday, April 20th. Zacks Investment Research upgraded Great Ajax Corp. from a strong sell rating to a hold rating in a research report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $15.75.
Shares of Great Ajax Corp. (AJX) traded down 0.07% on Monday, hitting $13.91. The company had a trading volume of 4,317 shares. Great Ajax Corp. has a 52 week low of $12.61 and a 52 week high of $14.60. The stock’s 50-day moving average is $14.07 and its 200 day moving average is $13.54. The company has a market capitalization of $252.74 million, a price-to-earnings ratio of 8.53 and a beta of 0.89.
Great Ajax Corp. (NYSE:AJX) last announced its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.01. The company had revenue of $13.67 million for the quarter, compared to analysts’ expectations of $12.98 million. Great Ajax Corp. had a net margin of 60.91% and a return on equity of 10.27%. Equities analysts expect that Great Ajax Corp. will post $1.89 EPS for the current year.
Several hedge funds have recently bought and sold shares of the stock. State Treasurer State of Michigan boosted its stake in Great Ajax Corp. by 53.7% in the first quarter. State Treasurer State of Michigan now owns 930,000 shares of the real estate investment trust’s stock worth $12,137,000 after buying an additional 325,000 shares during the period. Vanguard Group Inc. boosted its stake 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 during the period. Bard Associates Inc. boosted its stake 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 during the period. State Street Corp boosted its stake in Great Ajax Corp. by 13.9% in the fourth quarter. State Street Corp now owns 181,427 shares of the real estate investment trust’s stock worth $2,410,000 after buying an additional 22,113 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Great Ajax Corp. by 34.9% in the fourth quarter. Renaissance Technologies LLC now owns 123,800 shares of the real estate investment trust’s stock worth $1,643,000 after buying an additional 32,000 shares during the period. Institutional investors and hedge funds own 71.92% 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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