Brokerages predict that Great Ajax Corp (NYSE:AJX) will announce earnings of $0.31 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Great Ajax’s earnings. Great Ajax also reported earnings of $0.31 per share during the same quarter last year. The business is expected to announce its next earnings results on Tuesday, August 4th.
On average, analysts expect that Great Ajax will report full-year earnings of $0.77 per share for the current year, with EPS estimates ranging from $0.70 to $0.83. For the next fiscal year, analysts anticipate that the business will report earnings of $1.31 per share, with EPS estimates ranging from $1.12 to $1.49. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Great Ajax.
Great Ajax (NYSE:AJX) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.26). Great Ajax had a return on equity of 5.75% and a net margin of 43.43%. The firm had revenue of $14.22 million during the quarter, compared to analysts’ expectations of $11.85 million.
A number of equities analysts recently weighed in on the stock. TheStreet lowered shares of Great Ajax from a “c” rating to a “d+” rating in a report on Monday, May 18th. Raymond James boosted their price objective on shares of Great Ajax from $8.50 to $10.50 and gave the stock an “outperform” rating in a report on Thursday, May 14th. B. Riley decreased their target price on shares of Great Ajax from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, ValuEngine upgraded shares of Great Ajax from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.63.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of Great Ajax by 3.7% during the 1st quarter. Wellington Management Group LLP now owns 3,049,142 shares of the real estate investment trust’s stock valued at $19,393,000 after acquiring an additional 108,582 shares during the period. FMR LLC grew its position in shares of Great Ajax by 5.5% during the 4th quarter. FMR LLC now owns 1,923,689 shares of the real estate investment trust’s stock valued at $28,490,000 after acquiring an additional 100,001 shares during the period. BlackRock Inc. grew its position in shares of Great Ajax by 1.4% during the 1st quarter. BlackRock Inc. now owns 1,729,602 shares of the real estate investment trust’s stock valued at $11,001,000 after acquiring an additional 24,286 shares during the period. State of Michigan Retirement System grew its position in shares of Great Ajax by 3.5% during the 1st quarter. State of Michigan Retirement System now owns 931,509 shares of the real estate investment trust’s stock valued at $5,924,000 after acquiring an additional 31,509 shares during the period. Finally, State Street Corp grew its position in shares of Great Ajax by 30.1% during the 1st quarter. State Street Corp now owns 650,283 shares of the real estate investment trust’s stock valued at $4,136,000 after acquiring an additional 150,442 shares during the period. Institutional investors and hedge funds own 66.94% of the company’s stock.
NYSE AJX traded up $0.03 during mid-day trading on Tuesday, reaching $9.20. The stock had a trading volume of 142,451 shares, compared to its average volume of 201,460. Great Ajax has a 1 year low of $3.96 and a 1 year high of $15.96. The stock has a market cap of $201.79 million, a PE ratio of 7.36 and a beta of 1.60. The company has a fifty day moving average price of $8.70 and a 200 day moving average price of $11.14. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.63 and a quick ratio of 2.63.
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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