Great Ajax Corp (NYSE:AJX) – Stock analysts at B. Riley lifted their Q1 2018 earnings per share (EPS) estimates for shares of Great Ajax in a research report issued to clients and investors on Thursday. B. Riley analyst J. Levi-Ribner now expects that the real estate investment trust will post earnings of $0.43 per share for the quarter, up from their previous forecast of $0.40. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Great Ajax’s Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.46 EPS and FY2018 earnings at $1.80 EPS.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Great Ajax from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Thursday, November 9th. Compass Point raised shares of Great Ajax from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.17.

Shares of Great Ajax (NYSE:AJX) opened at $13.79 on Monday. The company has a debt-to-equity ratio of 2.03, a current ratio of 4.23 and a quick ratio of 4.23. Great Ajax has a 1-year low of $12.72 and a 1-year high of $15.40. The stock has a market cap of $251.70, a PE ratio of 9.01 and a beta of 0.85.

Great Ajax (NYSE:AJX) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.07). Great Ajax had a net margin of 55.23% and a return on equity of 10.04%.

Hedge funds have recently made changes to their positions in the business. Nationwide Fund Advisors boosted its stake in Great Ajax by 16.3% during the second quarter. Nationwide Fund Advisors now owns 9,600 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 1,347 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Great Ajax during the second quarter worth about $192,000. Wealthsource Partners LLC purchased a new position in Great Ajax during the second quarter worth about $214,000. Rhumbline Advisers boosted its stake in Great Ajax by 15.6% during 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 during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Great Ajax by 31.1% during the second quarter. The Manufacturers Life Insurance Company now owns 17,977 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 4,260 shares during the period. 71.42% of the stock is owned by institutional investors.

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Great Ajax 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.

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

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