Great Ajax Corp. (NYSE:AJX) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus price target of $16.75 for the company and are anticipating that the company will post $0.51 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Great Ajax Corp. an industry rank of 149 out of 265 based on the ratings given to its competitors.
A number of research analysts recently weighed in on AJX shares. Nomura reiterated a “buy” rating and issued a $16.00 price objective on shares of Great Ajax Corp. in a research note on Wednesday, June 15th. Zacks Investment Research lowered shares of Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 4th. FBR & Co reiterated an “outperform” rating and issued a $18.00 price objective on shares of Great Ajax Corp. in a research note on Thursday, August 4th. Finally, Piper Jaffray Cos. started coverage on shares of Great Ajax Corp. in a research note on Monday, June 20th. They issued an “overweight” rating and a $15.00 price objective for the company.
Great Ajax Corp. (NYSE:AJX) opened at 13.79 on Wednesday. The company has a market capitalization of $247.43 million, a PE ratio of 7.11 and a beta of 1.09. Great Ajax Corp. has a 52 week low of $9.06 and a 52 week high of $14.48. The stock has a 50 day moving average price of $13.62 and a 200-day moving average price of $13.22.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.25%. Great Ajax Corp.’s dividend payout ratio (DPR) is currently 51.28%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AJX. American International Group Inc. raised its position in Great Ajax Corp. by 193.5% in the second quarter. American International Group Inc. now owns 7,457 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 4,916 shares during the period. Nationwide Fund Advisors raised its position in Great Ajax Corp. by 205.8% in the second quarter. Nationwide Fund Advisors now owns 8,253 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 5,554 shares during the period. GSA Capital Partners LLP purchased a new position in Great Ajax Corp. during the second quarter worth approximately $146,000. Teachers Advisors Inc. raised its position in Great Ajax Corp. by 146.3% in the second quarter. Teachers Advisors Inc. now owns 13,091 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 7,775 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in Great Ajax Corp. by 18.5% in the second quarter. Parametric Portfolio Associates LLC now owns 15,957 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 2,486 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.
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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