Great Ajax (NYSE:AJX) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Great Ajax (NYSE:AJX) in a research note issued on Friday. The firm set a “sell” rating on the real estate investment trust’s stock.

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

Great Ajax Stock Performance

The firm has a market capitalization of $137.17 million, a PE ratio of -0.80 and a beta of 1.88. Great Ajax has a one year low of $2.92 and a one year high of $6.01. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a 50 day simple moving average of $3.12 and a 200-day simple moving average of $3.34.

Great Ajax (NYSE:AJX) last announced its earnings results on Monday, October 21st. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.26. Great Ajax had a negative return on equity of 8.35% and a negative net margin of 203.61%. The company had revenue of $12.35 million for the quarter. During the same period in the previous year, the company earned ($0.25) earnings per share. On average, equities research analysts predict that Great Ajax will post -2.93 EPS for the current year.

Hedge Funds Weigh In On Great Ajax

Several large investors have recently added to or reduced their stakes in AJX. Algert Global LLC acquired a new position in Great Ajax in the second quarter valued at approximately $43,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Great Ajax in the 3rd quarter worth approximately $62,000. Barclays PLC acquired a new position in Great Ajax during the 3rd quarter valued at approximately $81,000. Sei Investments Co. increased its position in Great Ajax by 16.6% in the second quarter. Sei Investments Co. now owns 26,641 shares of the real estate investment trust’s stock worth $95,000 after buying an additional 3,800 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Great Ajax in the second quarter worth $98,000. 58.60% of the stock is currently owned by institutional investors.

Great Ajax Company Profile

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.