Great Ajax (NYSE:AJX) Receives New Coverage from Analysts at BTIG Research

BTIG Research started coverage on shares of Great Ajax (NYSE:AJX) 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

A number of hedge funds have recently added to or reduced their stakes in AJX. Simplex Trading LLC boosted its stake in Great Ajax by 73.5% during the fourth quarter. Simplex Trading LLC now owns 5,946 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 2,518 shares during the period. Algert Global LLC purchased a new stake in shares of Great Ajax in the 2nd quarter valued at about $43,000. Sei Investments Co. boosted its position in shares of 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 valued at $95,000 after acquiring an additional 3,800 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Great Ajax during the second quarter worth about $98,000. Finally, Jump Financial LLC bought a new position in shares of Great Ajax in the fourth quarter worth approximately $115,000. Hedge funds and other institutional investors 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.