BTIG Research started coverage on shares of Great Ajax (NYSE:AJX – Free Report) in a research report report published on Tuesday morning, StockNewsAPI reports. The firm issued a neutral rating on the real estate investment trust’s stock.
Great Ajax Stock Performance
NYSE AJX opened at $3.44 on Tuesday. The company’s 50 day moving average is $3.46 and its 200-day moving average is $3.57. The firm has a market cap of $156.67 million, a P/E ratio of -0.85 and a beta of 1.90. Great Ajax has a 12-month low of $3.10 and a 12-month high of $6.81. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.09.
Great Ajax Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date of this dividend was Thursday, August 15th. Great Ajax’s payout ratio is currently -5.96%.
Institutional Inflows and Outflows
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.
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