Great Ajax (NYSE:AJX) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Great Ajax (NYSE:AJX) in a research note released on Sunday. The brokerage issued 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 on the stock.

Great Ajax Stock Performance

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

Great Ajax (NYSE:AJX) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter. During the same quarter in the previous year, the company earned ($0.25) EPS. Equities research analysts predict that Great Ajax will post -2.93 EPS for the current year.

Great Ajax Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid 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 payout ratio is -6.37%.

Hedge Funds Weigh In On Great Ajax

Institutional investors and hedge funds have recently made changes to their positions in the business. 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 valued at $95,000 after purchasing an additional 3,800 shares in the last quarter. Algert Global LLC bought a new stake in shares of Great Ajax in the 2nd quarter valued at about $43,000. Raffles Associates LP grew its position 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 worth $244,000 after buying an additional 33,161 shares during the last quarter. Finally, Barclays PLC purchased a new position in shares of Great Ajax in the 3rd quarter worth approximately $81,000. 58.60% of the stock is owned by hedge funds and other 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.