Great Ajax Corp (NYSE:AJX) has been assigned a consensus recommendation of “Buy” from the six analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $15.00.

Several research firms recently commented on AJX. B. Riley reiterated a “buy” rating on shares of Great Ajax in a research report on Wednesday, November 1st. BidaskClub upgraded Great Ajax from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded Great Ajax from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a research report on Tuesday, October 3rd. Finally, Compass Point began coverage on Great Ajax in a research report on Friday, September 29th. They issued a “neutral” rating and a $15.50 price target for the company.

Great Ajax (NYSE AJX) opened at $14.37 on Friday. The company has a market capitalization of $263.01, a PE ratio of 9.30 and a beta of 0.86. Great Ajax has a 12-month low of $12.72 and a 12-month high of $15.40. The company has a debt-to-equity ratio of 2.03, a current ratio of 4.23 and a quick ratio of 4.23.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.20 annualized dividend and a yield of 8.35%. Great Ajax’s dividend payout ratio is currently 78.43%.

A number of hedge funds and other institutional investors have recently made changes to their positions in AJX. American International Group Inc. lifted its stake in Great Ajax 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 purchasing an additional 619 shares during the last quarter. Nationwide Fund Advisors lifted its stake in Great Ajax by 16.3% in the second quarter. Nationwide Fund Advisors now owns 9,600 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 1,347 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Great Ajax by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 69,335 shares of the real estate investment trust’s stock worth $969,000 after purchasing an additional 2,022 shares during the last quarter. Rhumbline Advisers lifted its stake in Great Ajax 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 purchasing an additional 2,415 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Great Ajax by 27.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 17,580 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 3,815 shares during the last quarter. 71.42% of the stock is owned by institutional investors and hedge funds.

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About Great Ajax

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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