Great Ajax Corp. (NYSE:AJX) Receives $16.60 Consensus Price Target from Analysts

Shares of Great Ajax Corp. (NYSE:AJX) have earned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $16.60.

Several equities research analysts have issued reports on the stock. JMP Securities raised their price objective on shares of Great Ajax from $12.50 to $15.00 and gave the stock a “market outperform” rating in a research report on Monday, October 18th. Zacks Investment Research downgraded shares of Great Ajax from a “hold” rating to a “sell” rating in a research report on Monday, January 10th.

Shares of NYSE:AJX opened at $13.27 on Wednesday. Great Ajax has a 52-week low of $9.62 and a 52-week high of $14.74. The company has a market capitalization of $307.07 million, a P/E ratio of 8.79 and a beta of 1.79. The company has a 50-day simple moving average of $13.26 and a 200 day simple moving average of $13.40. The company has a debt-to-equity ratio of 1.85, a quick ratio of 2.76 and a current ratio of 2.76.

Great Ajax (NYSE:AJX) last issued its earnings results on Thursday, November 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. Great Ajax had a net margin of 63.51% and a return on equity of 11.09%. During the same period in the prior year, the company posted $0.23 earnings per share. As a group, equities analysts forecast that Great Ajax will post 1.56 earnings per share for the current year.

The firm also recently announced a None dividend, which will be paid on Tuesday, January 25th. Stockholders of record on Monday, January 10th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 7th. Great Ajax’s dividend payout ratio is presently 63.58%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Metropolitan Life Insurance Co NY bought a new position in shares of Great Ajax during the third quarter worth approximately $80,000. BNP Paribas Arbitrage SA increased its holdings in shares of Great Ajax by 51.2% during the third quarter. BNP Paribas Arbitrage SA now owns 6,261 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 2,119 shares during the period. Barclays PLC increased its holdings in shares of Great Ajax by 227.0% during the third quarter. Barclays PLC now owns 8,972 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 6,228 shares during the period. Voya Investment Management LLC bought a new position in Great Ajax in the third quarter valued at approximately $148,000. Finally, Stifel Financial Corp bought a new position in Great Ajax in the second quarter valued at approximately $170,000. 69.60% of the stock is currently owned by institutional investors.

About Great Ajax

Great Ajax Corp. operates as a real estate investment trust. The firm acquires, invests and manages a portfolio of mortgage loans secured by single-family residences and single-family properties. It holds real-estate owned properties acquired upon the foreclosure, other settlement of owned non-performing loans, or that acquires in the market.

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Analyst Recommendations for Great Ajax (NYSE:AJX)

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