Great Ajax (NYSE:AJX) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, ValuEngine reports.
A number of other brokerages have also issued reports on AJX. TheStreet lowered Great Ajax from a “c” rating to a “d+” rating in a research report on Monday, May 18th. Raymond James increased their price objective on shares of Great Ajax from $8.50 to $10.50 and gave the company an “outperform” rating in a report on Thursday, May 14th. Zacks Investment Research upgraded shares of Great Ajax from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, B. Riley reduced their price target on shares of Great Ajax from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $13.63.
Shares of Great Ajax stock opened at $8.84 on Monday. The firm has a 50-day simple moving average of $8.79 and a two-hundred day simple moving average of $10.04. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.63 and a current ratio of 2.63. Great Ajax has a fifty-two week low of $3.96 and a fifty-two week high of $15.96. The company has a market cap of $202.70 million, a P/E ratio of 7.07 and a beta of 1.57.
Great Ajax (NYSE:AJX) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. Great Ajax had a return on equity of 5.75% and a net margin of 43.43%. Equities research analysts forecast that Great Ajax will post 0.76 EPS for the current year.
A number of hedge funds have recently made changes to their positions in AJX. State Street Corp grew its holdings in shares of Great Ajax by 30.1% during the first quarter. State Street Corp now owns 650,283 shares of the real estate investment trust’s stock worth $4,136,000 after buying an additional 150,442 shares in the last quarter. Almitas Capital LLC raised its holdings 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 during the last quarter. Wellington Management Group LLP lifted its stake in Great Ajax by 3.7% in the 1st quarter. Wellington Management Group LLP now owns 3,049,142 shares of the real estate investment trust’s stock worth $19,393,000 after purchasing an additional 108,582 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Great Ajax by 84.0% during the 4th quarter. Nuveen Asset Management LLC now owns 213,701 shares of the real estate investment trust’s stock worth $3,164,000 after purchasing an additional 97,551 shares during the last quarter. Finally, Family Management Corp grew its position in shares of Great Ajax by 43.7% in the first quarter. Family Management Corp now owns 290,388 shares of the real estate investment trust’s stock valued at $1,847,000 after purchasing an additional 88,322 shares in the last quarter. Institutional investors own 66.62% of the company’s stock.
About Great Ajax
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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