Great Ajax (NYSE:AJX) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Great Ajax (NYSE:AJX) in a report published on Friday. The firm issued a sell rating on the real estate investment trust’s stock.

Separately, BTIG Research started coverage on shares of Great Ajax in a report on Tuesday, September 10th. They issued a “neutral” rating for the company.

Great Ajax Price Performance

Great Ajax has a 52 week low of $2.92 and a 52 week high of $6.01. The company has a fifty day moving average of $3.12 and a 200-day moving average of $3.34. The stock has a market capitalization of $137.17 million, a PE ratio of -0.80 and a beta of 1.88. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.08.

Great Ajax (NYSE:AJX) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.26. The company had revenue of $12.35 million during the quarter. Great Ajax had a negative return on equity of 8.35% and a negative net margin of 203.61%. During the same period last year, the business posted ($0.25) EPS. As a group, sell-side analysts anticipate that Great Ajax will post -2.93 earnings per share for the current year.

Great Ajax Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend was Friday, November 15th. Great Ajax’s dividend payout ratio is presently -6.37%.

Hedge Funds Weigh In On Great Ajax

A number of large investors have recently modified their holdings of the company. Algert Global LLC purchased a new stake in Great Ajax in the 2nd quarter worth approximately $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Great Ajax in the 3rd quarter worth $62,000. Barclays PLC purchased a new stake in shares of Great Ajax during the 3rd quarter valued at $81,000. Sei Investments Co. lifted its holdings in shares of Great Ajax by 16.6% during the 2nd quarter. Sei Investments Co. now owns 26,641 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 3,800 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Great Ajax in the second quarter worth $98,000. 58.60% of the stock is currently owned by institutional investors.

About Great Ajax

Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties.