Great Ajax Corp (NYSE:AJX) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 428,600 shares, a growth of 19.1% from the August 15th total of 359,800 shares. Based on an average trading volume of 121,600 shares, the short-interest ratio is currently 3.5 days.
A number of hedge funds have recently added to or reduced their stakes in AJX. WINTON GROUP Ltd lifted its position in Great Ajax by 120.2% in the 2nd quarter. WINTON GROUP Ltd now owns 320,620 shares of the real estate investment trust’s stock valued at $2,950,000 after acquiring an additional 175,008 shares in the last quarter. State Street Corp lifted its position in Great Ajax by 30.1% in 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 in the last quarter. Almitas Capital LLC lifted its position in Great Ajax by 21.6% in the 1st quarter. Almitas Capital LLC now owns 625,977 shares of the real estate investment trust’s stock valued at $3,981,000 after acquiring an additional 111,056 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in Great Ajax by 22.3% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 607,743 shares of the real estate investment trust’s stock valued at $5,591,000 after acquiring an additional 110,878 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings 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 buying an additional 108,582 shares during the period. 71.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of Great Ajax stock traded up $0.27 during midday trading on Wednesday, hitting $9.64. The company had a trading volume of 63,329 shares, compared to its average volume of 169,364. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market capitalization of $221.00 million, a P/E ratio of 10.04 and a beta of 1.58. The company has a 50 day moving average of $9.30 and a 200 day moving average of $8.81. Great Ajax has a 52-week low of $3.96 and a 52-week high of $15.96.
Great Ajax (NYSE:AJX) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Great Ajax had a return on equity of 6.36% and a net margin of 39.56%. Equities research analysts forecast that Great Ajax will post 0.75 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.68 annualized dividend and a dividend yield of 7.05%. Great Ajax’s payout ratio is currently 45.03%.
A number of research analysts have weighed in on AJX shares. ValuEngine downgraded Great Ajax from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Raymond James reiterated a “buy” rating on shares of Great Ajax in a report on Friday, August 21st. Zacks Investment Research downgraded Great Ajax from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, TheStreet upgraded Great Ajax from a “d+” rating to a “c” rating in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.50.
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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