Media coverage about Great Ajax Corp. (NYSE:AJX) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Great Ajax Corp. earned a news sentiment score of 0.01 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 47.131911332707 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several analysts have issued reports on the stock. BidaskClub raised shares of Great Ajax Corp. from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, FBR & Co reissued a “buy” rating on shares of Great Ajax Corp. in a research note on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.30.
Great Ajax Corp. (AJX) traded up 1.40% during trading on Monday, hitting $14.48. 92,437 shares of the stock were exchanged. The stock has a 50 day moving average price of $14.09 and a 200-day moving average price of $13.60. The firm has a market capitalization of $255.20 million, a PE ratio of 9.22 and a beta of 0.88. Great Ajax Corp. has a 12-month low of $12.61 and a 12-month high of $15.40.
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 (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.09. Great Ajax Corp. had a net margin of 58.46% and a return on equity of 10.22%. The business had revenue of $13.11 million during the quarter, compared to analyst estimates of $12.99 million. On average, equities research analysts anticipate that Great Ajax Corp. will post $1.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 15th will be paid a $0.30 dividend. This is a positive change from Great Ajax Corp.’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 8.29%. The ex-dividend date is Friday, August 11th. Great Ajax Corp.’s payout ratio is presently 71.34%.
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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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