Great Ajax Corp (NYSE:AJX) announced a quarterly dividend on Tuesday, October 30th, NASDAQ reports. Stockholders of record on Friday, November 16th will be given a dividend of 0.32 per share by the real estate investment trust on Friday, November 30th. This represents a $1.28 annualized dividend and a dividend yield of 9.43%. The ex-dividend date of this dividend is Thursday, November 15th. This is a positive change from Great Ajax’s previous quarterly dividend of $0.30.
Great Ajax has a payout ratio of 79.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Great Ajax to earn $1.78 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 71.9%.
AJX opened at $13.58 on Friday. The company has a quick ratio of 4.28, a current ratio of 4.28 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $257.48 million, a PE ratio of 8.65 and a beta of 0.63. Great Ajax has a 12 month low of $12.27 and a 12 month high of $14.69.
Great Ajax (NYSE:AJX) last posted its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.10). The business had revenue of $14.75 million during the quarter, compared to analyst estimates of $15.22 million. Great Ajax had a net margin of 48.10% and a return on equity of 9.12%. As a group, research analysts forecast that Great Ajax will post 1.62 EPS for the current fiscal year.
Several research firms have recently commented on AJX. ValuEngine cut Great Ajax from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Zacks Investment Research raised Great Ajax from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.50.
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Great Ajax Company Profile
Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties, such as one to four unit homes and smaller commercial properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases.
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