Great Ajax Corp (AJX) Given Average Rating of “Buy” by Brokerages

Great Ajax Corp (NYSE:AJX) has been given an average recommendation of “Buy” by the six brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $14.00.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Great Ajax from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Thursday, November 9th. Compass Point raised Great Ajax from a “neutral” rating to a “buy” rating in a report on Wednesday, November 8th. Finally, B. Riley reaffirmed a “buy” rating on shares of Great Ajax in a report on Wednesday, November 1st.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of Great Ajax by 11.4% during the second quarter. FMR LLC now owns 1,736,388 shares of the real estate investment trust’s stock worth $24,275,000 after purchasing an additional 177,662 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Great Ajax by 3.3% during the second quarter. Vanguard Group Inc. now owns 631,753 shares of the real estate investment trust’s stock worth $8,832,000 after purchasing an additional 20,034 shares during the period. State Street Corp lifted its holdings in shares of Great Ajax by 14.0% during the second quarter. State Street Corp now owns 213,596 shares of the real estate investment trust’s stock worth $2,989,000 after purchasing an additional 26,212 shares during the period. Northern Trust Corp lifted its holdings in shares of Great Ajax by 12.9% during the second quarter. Northern Trust Corp now owns 176,039 shares of the real estate investment trust’s stock worth $2,461,000 after purchasing an additional 20,154 shares during the period. Finally, Ares Management LLC acquired a new stake in shares of Great Ajax during the second quarter worth $1,367,000. 71.46% of the stock is owned by hedge funds and other institutional investors.

Great Ajax (NYSE:AJX) traded down $0.01 during mid-day trading on Friday, hitting $13.35. The stock had a trading volume of 23,631 shares, compared to its average volume of 35,084. The firm has a market capitalization of $243.66 and a P/E ratio of 9.96. Great Ajax has a 1-year low of $12.72 and a 1-year high of $15.40. The company has a debt-to-equity ratio of 2.03, a current ratio of 4.23 and a quick ratio of 4.23.

Great Ajax (NYSE:AJX) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.07). Great Ajax had a net margin of 55.23% and a return on equity of 10.04%. equities research analysts expect that Great Ajax will post 1.62 EPS for the current fiscal year.

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Great Ajax 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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