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

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

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

Great Ajax Stock Performance

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 firm has a market cap of $137.17 million, a price-to-earnings ratio of -0.80 and a beta of 1.88. The business has a 50 day moving average of $3.12 and a 200 day moving average of $3.34. Great Ajax has a fifty-two week low of $2.92 and a fifty-two week high of $6.01.

Great Ajax (NYSE:AJX) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.12) EPS for the quarter, topping 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 quarter last year, the company earned ($0.25) earnings per share. As a group, research analysts predict that Great Ajax will post -2.93 EPS for the current fiscal year.

Great Ajax Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AJX. Renaissance Technologies LLC purchased a new stake in shares of Great Ajax during the 2nd quarter worth $98,000. Sei Investments Co. lifted its holdings in 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 buying an additional 3,800 shares during the last quarter. Algert Global LLC acquired a new position in shares of Great Ajax during the 2nd quarter worth about $43,000. Raffles Associates LP increased its holdings in shares of Great Ajax by 82.7% in the 3rd quarter. Raffles Associates LP now owns 73,280 shares of the real estate investment trust’s stock valued at $244,000 after acquiring an additional 33,161 shares during the last quarter. Finally, Barclays PLC acquired a new stake in shares of Great Ajax during the 3rd quarter worth about $81,000. Institutional investors and hedge funds own 58.60% of the company’s stock.

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.