Analysts expect Great Ajax Corp. (NYSE:AJX) to report $0.46 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Great Ajax Corp.’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.39. Great Ajax Corp. posted earnings per share of $0.42 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.5%. The firm is expected to announce its next quarterly earnings results on Tuesday, November 7th.

On average, analysts expect that Great Ajax Corp. will report full year earnings of $1.80 per share for the current financial year, with EPS estimates ranging from $1.61 to $1.94. For the next financial year, analysts expect that the business will post earnings of $1.86 per share, with EPS estimates ranging from $1.67 to $1.95. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow Great Ajax Corp..

Great Ajax Corp. (NYSE:AJX) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by $0.09. The firm had revenue of $13.11 million for the quarter, compared to analysts’ expectations of $12.99 million. Great Ajax Corp. had a return on equity of 10.22% and a net margin of 58.46%.

A number of research firms have commented on AJX. BidaskClub lowered shares of Great Ajax Corp. from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Great Ajax Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, FBR & Co reaffirmed a “buy” rating on shares of Great Ajax Corp. in a research note on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.30.

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Shares of Great Ajax Corp. (AJX) traded up 2.79% during midday trading on Monday, hitting $14.36. 344,996 shares of the stock were exchanged. The stock’s 50-day moving average price is $14.07 and its 200 day moving average price is $13.54. The stock has a market cap of $260.91 million, a P/E ratio of 9.17 and a beta of 0.88. Great Ajax Corp. has a one year low of $12.61 and a one year high of $15.40.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Tuesday, August 15th will be issued a $0.30 dividend. This is an increase from Great Ajax Corp.’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.36%. Great Ajax Corp.’s dividend payout ratio is currently 71.34%.

Several institutional investors have recently modified their holdings of AJX. American International Group Inc. increased its position in shares of 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 in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Great Ajax Corp. during the fourth quarter worth $163,000. 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 worth $251,000 after buying an additional 2,415 shares in the last quarter. Teachers Advisors LLC increased its position in shares of 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 in the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new position in shares of Great Ajax Corp. during the second quarter worth $451,000. Institutional investors own 71.93% of the company’s stock.

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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Earnings History and Estimates for Great Ajax Corp. (NYSE:AJX)

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