Great Ajax Corp. (AJX) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Great Ajax Corp. (NYSE:AJX) have received a consensus rating of “Hold” from the six brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $15.13.
AJX has been the topic of several analyst reports. Zacks Investment Research downgraded 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 note on Thursday, April 20th.
Shares of Great Ajax Corp. (NYSE AJX) traded up 0.36% during midday trading on Tuesday, reaching $14.09. The company had a trading volume of 60,360 shares. The stock has a market capitalization of $256.02 million, a PE ratio of 8.64 and a beta of 0.89. The company’s 50 day moving average price is $13.99 and its 200 day moving average price is $13.45. Great Ajax Corp. has a 52-week low of $12.61 and a 52-week high of $14.60.
Great Ajax Corp. (NYSE:AJX) last announced its 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. Great Ajax Corp. had a net margin of 60.91% and a return on equity of 10.27%. The company had revenue of $13.67 million during the quarter, compared to analysts’ expectations of $12.98 million. Equities research analysts expect that Great Ajax Corp. will post $1.89 earnings per share for the current year.
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Several institutional investors have recently added to or reduced their stakes in AJX. American International Group Inc. boosted its position in Great Ajax Corp. by 8.3% in the first quarter. American International Group Inc. now owns 8,067 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 619 shares during the period. Russell Investments Group Ltd. bought a new position in Great Ajax Corp. during the fourth quarter worth $163,000. Teachers Advisors LLC boosted its position in Great Ajax Corp. by 28.3% in the fourth quarter. Teachers Advisors LLC now owns 18,589 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 4,096 shares during the period. Family Management Corp bought a new position in Great Ajax Corp. during the first quarter worth $496,000. Finally, Bank of New York Mellon Corp boosted its position in Great Ajax Corp. by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 67,313 shares of the real estate investment trust’s stock worth $879,000 after buying an additional 2,525 shares during the period. 71.89% of the stock is owned by institutional investors.
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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