Great Ajax Corp. (NYSE:AJX) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Monday, July 24th.
A number of other brokerages have also weighed in on AJX. Zacks Investment Research lowered Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. FBR & Co reiterated a “buy” rating on shares of Great Ajax Corp. in a research report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Great Ajax Corp. presently has an average rating of “Hold” and an average price target of $15.30.
Great Ajax Corp. (NYSE:AJX) opened at 13.97 on Monday. The company’s 50 day moving average is $14.07 and its 200-day moving average is $13.54. Great Ajax Corp. has a 52-week low of $12.61 and a 52-week high of $14.60. The company has a market capitalization of $253.82 million, a price-to-earnings ratio of 8.92 and a beta of 0.88.
Great Ajax Corp. (NYSE:AJX) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.09. Great Ajax Corp. had a return on equity of 10.30% and a net margin of 58.46%. The business had revenue of $13.11 million for the quarter, compared to analysts’ expectations of $12.99 million. Equities analysts anticipate that Great Ajax Corp. will post $1.79 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Great Ajax Corp. by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 69,335 shares of the real estate investment trust’s stock valued at $969,000 after buying an additional 2,022 shares during the last quarter. Rhumbline Advisers increased its position in shares of Great Ajax Corp. by 15.6% in the second quarter. Rhumbline Advisers now owns 17,933 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 2,415 shares during the last quarter. Monarch Partners Asset Management LLC acquired a new position in shares of Great Ajax Corp. during the second quarter valued at $451,000. Russell Investments Group Ltd. increased its position in shares of Great Ajax Corp. by 30.0% in the second quarter. Russell Investments Group Ltd. now owns 26,093 shares of the real estate investment trust’s stock valued at $365,000 after buying an additional 6,014 shares during the last quarter. Finally, Family Management Corp acquired a new position in shares of Great Ajax Corp. during the first quarter valued at $496,000. 71.92% of the stock is owned by institutional investors and hedge funds.
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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