Great Ajax Corp. (NYSE:AJX) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus price target of $16.75 for the company and are predicting that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also given Great Ajax Corp. an industry rank of 90 out of 265 based on the ratings given to its competitors.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Great Ajax Corp. from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a report on Tuesday, July 26th. FBR & Co reiterated an “outperform” rating and issued a $18.00 price target on shares of Great Ajax Corp. in a report on Thursday, August 4th. Finally, Piper Jaffray Cos. assumed coverage on shares of Great Ajax Corp. in a report on Monday, June 20th. They issued an “overweight” rating and a $15.00 price target on the stock.
Shares of Great Ajax Corp. (NYSE:AJX) opened at 13.78 on Tuesday. The stock has a market capitalization of $247.25 million, a PE ratio of 7.11 and a beta of 1.09. The stock has a 50 day moving average of $13.62 and a 200 day moving average of $13.49. Great Ajax Corp. has a 52-week low of $9.06 and a 52-week high of $14.48.
Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Great Ajax Corp. by 4,679.8% in the second quarter. JPMorgan Chase & Co. now owns 43,257 shares of the real estate investment trust’s stock worth $600,000 after buying an additional 42,352 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Great Ajax Corp. during the second quarter worth approximately $146,000. Emerald Acquisition Ltd. purchased a new stake in shares of Great Ajax Corp. during the second quarter worth approximately $398,000. RMB Capital Management LLC purchased a new stake in shares of Great Ajax Corp. during the second quarter worth approximately $5,587,000. Finally, California State Teachers Retirement System boosted its stake in shares of Great Ajax Corp. by 188.7% in the second quarter. California State Teachers Retirement System now owns 27,164 shares of the real estate investment trust’s stock worth $377,000 after buying an additional 17,755 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.
Great Ajax Corp. Company Profile
Great Ajax Corp. is an externally managed real estate company. The Company is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. Its segment is focused on non-performing mortgages and re-performing mortgages.
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