StockNews.com Initiates Coverage on Great Ajax (NYSE:AJX)

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

Separately, BTIG Research initiated coverage on shares of Great Ajax in a research report on Tuesday, September 10th. They set a “neutral” rating on the stock.

Great Ajax Price 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. Great Ajax has a 1-year low of $2.92 and a 1-year high of $6.01. The business has a fifty day moving average of $3.12 and a two-hundred day moving average of $3.34. The firm has a market capitalization of $137.17 million, a PE ratio of -0.80 and a beta of 1.88.

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

Hedge Funds Weigh In On Great Ajax

A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new position in shares of Great Ajax in the 2nd quarter worth $98,000. Sei Investments Co. raised its holdings in shares of Great Ajax by 16.6% in the 2nd quarter. Sei Investments Co. now owns 26,641 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 3,800 shares during the period. Algert Global LLC acquired a new position in shares of Great Ajax in the 2nd quarter valued at about $43,000. Raffles Associates LP grew its holdings in shares of Great Ajax by 82.7% during the 3rd quarter. Raffles Associates LP now owns 73,280 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 33,161 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Great Ajax during the 3rd quarter worth approximately $62,000. 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.