Zacks: Great Ajax Corp. (AJX) Receives Consensus Rating of “Strong Buy” from Brokerages
Great Ajax Corp. (NYSE:AJX) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price objective of $16.75 for the company and are anticipating that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also assigned Great Ajax Corp. an industry rank of 103 out of 265 based on the ratings given to its competitors.
Several brokerages recently issued reports on AJX. Zacks Investment Research raised shares of Great Ajax Corp. from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a report on Tuesday, July 26th. FBR & Co restated an “outperform” rating and set a $18.00 price target on shares of Great Ajax Corp. in a research report on Thursday, August 4th. Piper Jaffray Cos. initiated coverage on shares of Great Ajax Corp. in a research report on Monday, June 20th. They set an “overweight” rating and a $15.00 price target on the stock. Finally, Nomura restated a “buy” rating and set a $16.00 price target on shares of Great Ajax Corp. in a research report on Wednesday, June 15th.
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Hedge funds have recently made changes to their positions in the stock. American International Group Inc. raised its stake in shares of 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 stake in shares of 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 stake in shares of Great Ajax Corp. during the second quarter valued at about $146,000. Teachers Advisors Inc. raised its stake in shares of 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 stake in shares of 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. Institutional investors and hedge funds own 75.14% of the company’s stock.
Shares of Great Ajax Corp. (NYSE:AJX) traded up 0.15% during mid-day trading on Tuesday, hitting $13.81. 35,050 shares of the stock traded hands. The company has a market cap of $247.79 million, a P/E ratio of 7.12 and a beta of 1.09. The firm has a 50 day moving average of $13.60 and a 200 day moving average of $13.49. Great Ajax Corp. has a 12 month low of $9.06 and a 12 month high of $14.48.
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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