Piper Jaffray Companies Weighs in on Great Ajax Corp’s FY2019 Earnings (NYSE:AJX)

Great Ajax Corp (NYSE:AJX) – Research analysts at Piper Jaffray Companies lowered their FY2019 earnings estimates for shares of Great Ajax in a report released on Tuesday, November 5th. Piper Jaffray Companies analyst K. Barker now anticipates that the real estate investment trust will post earnings per share of $1.46 for the year, down from their previous forecast of $1.50. Piper Jaffray Companies has a “Buy” rating and a $15.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Great Ajax’s Q4 2019 earnings at $0.43 EPS, Q1 2020 earnings at $0.42 EPS, Q2 2020 earnings at $0.42 EPS, Q3 2020 earnings at $0.45 EPS, Q4 2020 earnings at $0.47 EPS, FY2020 earnings at $1.76 EPS, Q1 2021 earnings at $0.47 EPS, Q2 2021 earnings at $0.47 EPS, Q3 2021 earnings at $0.48 EPS and FY2021 earnings at $1.92 EPS.

Great Ajax (NYSE:AJX) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $14.93 million.

Separately, Zacks Investment Research lowered Great Ajax from a “buy” rating to a “hold” rating in a research report on Friday.

AJX stock traded down $0.01 during mid-day trading on Friday, reaching $15.42. The company had a trading volume of 292,070 shares, compared to its average volume of 96,086. 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 company has a market capitalization of $303.20 million, a price-to-earnings ratio of 10.56 and a beta of 0.78. The firm has a fifty day simple moving average of $15.51 and a 200 day simple moving average of $14.36. Great Ajax has a fifty-two week low of $11.56 and a fifty-two week high of $15.96.

Hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its position in Great Ajax by 54.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,502 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 886 shares in the last quarter. Zebra Capital Management LLC acquired a new stake in shares of Great Ajax during the 2nd quarter worth about $141,000. Bessemer Group Inc. acquired a new stake in shares of Great Ajax during the 2nd quarter worth about $162,000. Meeder Asset Management Inc. raised its position in shares of Great Ajax by 641.1% during the 2nd quarter. Meeder Asset Management Inc. now owns 13,103 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 11,335 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Great Ajax by 11.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 17,749 shares of the real estate investment trust’s stock worth $248,000 after acquiring an additional 1,875 shares in the last quarter. 73.21% of the stock is currently owned by institutional investors.

The business also recently declared a dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Saturday, November 16th will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Great Ajax’s dividend payout ratio is currently 87.67%.

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 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.

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

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