Great Ajax (NYSE:AJX) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.10), Fidelity Earnings reports. The company had revenue of $14.75 million for the quarter, compared to analyst estimates of $15.22 million. Great Ajax had a return on equity of 9.38% and a net margin of 50.12%.
NYSE:AJX traded up $0.41 on Wednesday, hitting $13.69. 1,553 shares of the stock were exchanged, compared to its average volume of 27,707. The stock has a market capitalization of $247.51 million, a P/E ratio of 8.71 and a beta of 0.63. Great Ajax has a 52 week low of $12.27 and a 52 week high of $14.69. The company has a current ratio of 4.28, a quick ratio of 4.28 and a debt-to-equity ratio of 2.28.
Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Great Ajax from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine downgraded shares of Great Ajax from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $16.50.
A number of large investors have recently made changes to their positions in AJX. Wolverine Asset Management LLC raised its holdings in Great Ajax by 841.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 139,758 shares of the real estate investment trust’s stock worth $1,828,000 after purchasing an additional 124,912 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Great Ajax by 85.2% during the 2nd quarter. Renaissance Technologies LLC now owns 98,718 shares of the real estate investment trust’s stock worth $1,291,000 after purchasing an additional 45,418 shares during the last quarter. BlackRock Inc. raised its holdings in Great Ajax by 4.0% during the 2nd quarter. BlackRock Inc. now owns 1,163,724 shares of the real estate investment trust’s stock worth $15,222,000 after purchasing an additional 44,617 shares during the last quarter. Resource America Inc. raised its holdings in Great Ajax by 12.0% during the 2nd quarter. Resource America Inc. now owns 309,836 shares of the real estate investment trust’s stock worth $4,053,000 after purchasing an additional 33,207 shares during the last quarter. Finally, FMR LLC raised its holdings in Great Ajax by 1.6% during the 2nd quarter. FMR LLC now owns 1,831,688 shares of the real estate investment trust’s stock worth $23,958,000 after purchasing an additional 28,300 shares during the last quarter. 69.60% of the stock is owned by hedge funds and other institutional investors.
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Great Ajax Company Profile
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, such as one to four unit homes and smaller commercial properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases.
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