TIAA CREF Investment Management LLC lowered its stake in shares of Great Ajax Corp. (NYSE:AJX) by 16.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,854 shares of the real estate investment trust’s stock after selling 12,165 shares during the quarter. TIAA CREF Investment Management LLC owned 0.35% of Great Ajax Corp. worth $879,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of AJX. American International Group Inc. raised its position in shares of Great Ajax Corp. by 8.3% during the 1st quarter. American International Group Inc. now owns 8,067 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 619 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Great Ajax Corp. in the 2nd quarter worth $192,000. Rhumbline Advisers raised its position in Great Ajax Corp. by 15.6% in the 2nd quarter. Rhumbline Advisers now owns 17,933 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 2,415 shares during the period. Russell Investments Group Ltd. raised its position in Great Ajax Corp. by 30.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 26,093 shares of the real estate investment trust’s stock worth $365,000 after purchasing an additional 6,014 shares during the period. Finally, Teachers Advisors LLC raised its position in Great Ajax Corp. by 56.2% in the 2nd quarter. Teachers Advisors LLC now owns 29,039 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 10,450 shares during the period. Hedge funds and other institutional investors own 75.04% of the company’s stock.
A number of brokerages recently commented on AJX. BidaskClub upgraded shares of Great Ajax Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Great Ajax Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Thursday. Compass Point initiated coverage on shares of Great Ajax Corp. in a report on Friday, September 29th. They issued a “neutral” rating and a $15.50 price target on the stock. Finally, B. Riley reissued a “buy” rating on shares of Great Ajax Corp. in a report on Wednesday, November 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.38.
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Shares of Great Ajax Corp. (NYSE AJX) opened at $14.64 on Friday. The firm has a market cap of $267.21, a PE ratio of 9.45 and a beta of 0.85. The company has a debt-to-equity ratio of 2.03, a quick ratio of 4.44 and a current ratio of 4.23. Great Ajax Corp. has a 52 week low of $12.61 and a 52 week high of $15.40.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.20 dividend on an annualized basis and a yield of 8.20%. Great Ajax Corp.’s dividend payout ratio (DPR) is currently 78.43%.
Great Ajax Corp. 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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