Great Ajax Corp (NYSE:AJX) – Investment analysts at B. Riley lifted their FY2019 earnings estimates for shares of Great Ajax in a note issued to investors on Wednesday, November 6th. B. Riley analyst T. Hayes now forecasts that the real estate investment trust will earn $1.62 per share for the year, up from their prior forecast of $1.45. B. Riley also issued estimates for Great Ajax’s Q4 2019 earnings at $0.42 EPS, Q1 2020 earnings at $0.42 EPS, Q2 2020 earnings at $0.45 EPS, Q3 2020 earnings at $0.47 EPS, Q4 2020 earnings at $0.50 EPS and FY2020 earnings at $1.83 EPS.
A number of other research firms have also commented on AJX. Zacks Investment Research lowered shares of Great Ajax from a “buy” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies set a $15.00 price objective on shares of Great Ajax and gave the stock a “buy” rating in a report on Wednesday, August 7th.
NYSE:AJX traded down $0.01 during midday trading on Friday, reaching $15.42. 292,070 shares of the stock traded hands, compared to its average volume of 96,086. The company has a fifty day moving average of $15.51 and a 200 day moving average of $14.36. Great Ajax has a 12 month low of $11.56 and a 12 month high of $15.96. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.27 and a current ratio of 2.27. The stock has a market capitalization of $303.20 million, a P/E ratio of 10.56 and a beta of 0.78.
Great Ajax (NYSE:AJX) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.04). Great Ajax had a net margin of 53.22% and a return on equity of 8.15%. The firm had revenue of $15.32 million for the quarter, compared to the consensus estimate of $14.93 million.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cavalier Investments LLC bought a new position in Great Ajax in the 3rd quarter worth $383,000. Monarch Partners Asset Management LLC increased its stake in shares of Great Ajax by 13.5% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 74,275 shares of the real estate investment trust’s stock worth $1,151,000 after acquiring an additional 8,830 shares in the last quarter. Creative Planning bought a new position in shares of Great Ajax in the 3rd quarter worth about $1,144,000. California Public Employees Retirement System increased its stake in shares of Great Ajax by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 63,601 shares of the real estate investment trust’s stock worth $986,000 after acquiring an additional 2,286 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new position in shares of Great Ajax in the 3rd quarter worth about $462,000. Institutional investors and hedge funds own 73.21% of the company’s stock.
The business also recently disclosed a dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Saturday, November 16th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Great Ajax’s dividend payout ratio (DPR) is presently 87.67%.
About Great Ajax
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 acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. The company elected to be taxed as a real estate investment trust for U.S.
Further Reading: Hedge Funds – Risk or Reward?
Receive News & Ratings for Great Ajax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Ajax and related companies with MarketBeat.com's FREE daily email newsletter.