Parametric Portfolio Associates LLC decreased its position in Great Ajax Corp. (NYSE:AJX) by 4.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,521 shares of the real estate investment trust’s stock after selling 808 shares during the period. Parametric Portfolio Associates LLC’s holdings in Great Ajax Corp. were worth $203,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. State Treasurer State of Michigan raised its position in Great Ajax Corp. by 53.7% in the first quarter. State Treasurer State of Michigan now owns 930,000 shares of the real estate investment trust’s stock worth $12,137,000 after buying an additional 325,000 shares in the last quarter. State Street Corp raised its position in Great Ajax Corp. by 13.9% in the fourth quarter. State Street Corp now owns 181,427 shares of the real estate investment trust’s stock valued at $2,410,000 after buying an additional 22,113 shares in the last quarter. Renaissance Technologies LLC raised its position in Great Ajax Corp. by 34.9% in the fourth quarter. Renaissance Technologies LLC now owns 123,800 shares of the real estate investment trust’s stock valued at $1,643,000 after buying an additional 32,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in Great Ajax Corp. by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 67,313 shares of the real estate investment trust’s stock valued at $879,000 after buying an additional 2,525 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Great Ajax Corp. by 62.7% in the first quarter. Russell Investments Group Ltd. now owns 20,079 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 7,740 shares in the last quarter. 74.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Great Ajax Corp. (NYSE:AJX) opened at 14.23 on Friday. The firm has a market capitalization of $250.79 million, a P/E ratio of 9.06 and a beta of 0.88. Great Ajax Corp. has a 52-week low of $12.61 and a 52-week high of $15.40. The company’s 50-day moving average is $14.12 and its 200 day moving average is $13.63.
Great Ajax Corp. (NYSE:AJX) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.09. The firm had revenue of $13.11 million for the quarter, compared to analysts’ expectations of $12.99 million. Great Ajax Corp. had a return on equity of 10.22% and a net margin of 58.46%. Analysts expect that Great Ajax Corp. will post $1.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.43%. This is a boost from Great Ajax Corp.’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, August 11th. Great Ajax Corp.’s dividend payout ratio is 76.43%.
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Several equities analysts have commented on AJX shares. Zacks Investment Research lowered shares of Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub raised shares of Great Ajax Corp. from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Great Ajax Corp. has a consensus rating of “Hold” and an average price target of $15.30.
About Great Ajax Corp.
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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