Q3 2019 Earnings Estimate for Great Ajax Corp (NYSE:AJX) Issued By Piper Jaffray Companies

Great Ajax Corp (NYSE:AJX) – Piper Jaffray Companies lowered their Q3 2019 earnings estimates for shares of Great Ajax in a research note issued on Tuesday, August 6th, according to Zacks Investment Research. Piper Jaffray Companies analyst K. Barker now anticipates that the real estate investment trust will post earnings of $0.40 per share for the quarter, down from their prior forecast of $0.41. Piper Jaffray Companies currently has a “Buy” rating and a $15.00 target price on the stock. Piper Jaffray Companies also issued estimates for Great Ajax’s Q1 2020 earnings at $0.44 EPS.

Great Ajax (NYSE:AJX) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.09). Great Ajax had a return on equity of 8.05% and a net margin of 51.93%. The firm had revenue of $20.70 million for the quarter, compared to analyst estimates of $14.90 million.

Separately, Zacks Investment Research upgraded Great Ajax from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Friday, August 9th.

NYSE:AJX opened at $14.35 on Thursday. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.81. Great Ajax has a 1-year low of $11.56 and a 1-year high of $14.84. The firm has a market capitalization of $291.28 million, a price-to-earnings ratio of 9.83 and a beta of 0.81. The stock has a fifty day simple moving average of $13.91 and a 200 day simple moving average of $13.59.

A number of hedge funds and other institutional investors have recently made changes to their positions in AJX. Northern Trust Corp raised its stake in shares of Great Ajax by 2.6% during the 4th quarter. Northern Trust Corp now owns 185,529 shares of the real estate investment trust’s stock worth $2,235,000 after purchasing an additional 4,754 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Great Ajax by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 149,161 shares of the real estate investment trust’s stock worth $1,797,000 after purchasing an additional 10,981 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Great Ajax by 44.1% during the 4th quarter. Bank of America Corp DE now owns 9,705 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 2,972 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of Great Ajax by 14.0% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 351,918 shares of the real estate investment trust’s stock worth $4,835,000 after purchasing an additional 43,102 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Great Ajax by 5.3% during the 1st quarter. Acadian Asset Management LLC now owns 31,597 shares of the real estate investment trust’s stock worth $434,000 after purchasing an additional 1,602 shares in the last quarter. Hedge funds and other institutional investors own 73.14% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, August 16th. This represents a $1.28 dividend on an annualized basis and a yield of 8.92%. Great Ajax’s payout ratio is presently 87.67%.

Great Ajax Company Profile

Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. The company elected to be taxed as a real estate investment trust for U.S.

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Earnings History and Estimates for Great Ajax (NYSE:AJX)

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