BidaskClub Downgrades Great Ajax Corp. (NYSE:AJX) to Hold

Great Ajax Corp. (NYSE:AJX) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Monday, July 24th.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised Great Ajax Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. FBR & Co reaffirmed a “buy” rating on shares of Great Ajax Corp. in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.30.

Shares of Great Ajax Corp. (NYSE AJX) traded up 0.78% on Monday, reaching $14.23. The company’s stock had a trading volume of 88,628 shares. The firm has a market capitalization of $250.79 million, a PE ratio of 9.06 and a beta of 0.88. The firm has a 50-day moving average price of $14.12 and a 200 day moving average price of $13.63. Great Ajax Corp. has a one year low of $12.61 and a one year high of $15.40.

Great Ajax Corp. (NYSE:AJX) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.45 by $0.09. Great Ajax Corp. had a net margin of 58.46% and a return on equity of 10.22%. The business had revenue of $13.11 million for the quarter, compared to analysts’ expectations of $12.99 million. On average, analysts anticipate that Great Ajax Corp. will post $1.75 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. State Street Corp boosted its stake 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 worth $2,410,000 after buying an additional 22,113 shares during the period. Russell Investments Group Ltd. purchased a new stake in Great Ajax Corp. during the fourth quarter valued at about $163,000. Family Management Corp purchased a new stake in Great Ajax Corp. during the first quarter valued at about $496,000. Renaissance Technologies LLC boosted its stake 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 during the last quarter. Finally, FMR LLC boosted its stake in Great Ajax Corp. by 0.9% in the fourth quarter. FMR LLC now owns 1,558,726 shares of the real estate investment trust’s stock valued at $20,684,000 after buying an additional 13,313 shares during the last quarter. Hedge funds and other institutional investors own 74.38% of the company’s stock.

Great Ajax Corp. 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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