Great Ajax Corp. (NYSE:AJX) Receives Consensus Rating of “Strong Buy” from Analysts
Great Ajax Corp. (NYSE:AJX) has received an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $16.75 for the company and are forecasting that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also given Great Ajax Corp. an industry rank of 112 out of 265 based on the ratings given to related companies.
Several analysts have issued reports on the company. Nomura restated a “buy” rating and set a $16.00 price objective on shares of Great Ajax Corp. in a research note on Wednesday, June 15th. Zacks Investment Research cut Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 4th. FBR & Co restated an “outperform” rating and set a $18.00 price objective on shares of Great Ajax Corp. in a research note on Thursday, August 4th. Finally, Piper Jaffray Cos. assumed coverage on Great Ajax Corp. in a research note on Monday, June 20th. They set an “overweight” rating and a $15.00 price objective on the stock.
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Shares of Great Ajax Corp. (NYSE:AJX) traded up 0.51% on Wednesday, reaching $13.69. 6,302 shares of the company’s stock were exchanged. The stock has a market cap of $245.64 million, a price-to-earnings ratio of 7.06 and a beta of 1.09. The company’s 50 day moving average is $13.63 and its 200-day moving average is $13.19. Great Ajax Corp. has a one year low of $9.06 and a one year high of $14.48.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.34%. The ex-dividend date of this dividend was Friday, August 12th. Great Ajax Corp.’s dividend payout ratio (DPR) is presently 51.28%.
Institutional investors have recently bought and sold shares of the stock. American International Group Inc. raised its position in Great Ajax Corp. by 193.5% in the second quarter. American International Group Inc. now owns 7,457 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 4,916 shares during the period. Nationwide Fund Advisors raised its position in Great Ajax Corp. by 205.8% in the second quarter. Nationwide Fund Advisors now owns 8,253 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 5,554 shares during the period. GSA Capital Partners LLP bought a new position in Great Ajax Corp. during the second quarter valued at approximately $146,000. Teachers Advisors Inc. raised its position in Great Ajax Corp. by 146.3% in the second quarter. Teachers Advisors Inc. now owns 13,091 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 7,775 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in Great Ajax Corp. by 18.5% in the second quarter. Parametric Portfolio Associates LLC now owns 15,957 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 2,486 shares during the period. 75.14% of the stock is owned by institutional investors.
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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