Great Ajax (AJX) Set to Announce Earnings on Wednesday

Great Ajax (NYSE:AJX) will be releasing its earnings data before the market opens on Wednesday, July 24th. Persons interested in registering for the company’s earnings conference call can do so using this link.

Great Ajax Stock Performance

AJX opened at $3.79 on Tuesday. Great Ajax has a 12-month low of $3.11 and a 12-month high of $7.18. The stock has a market cap of $149.75 million, a price-to-earnings ratio of -0.94 and a beta of 1.88. The business has a 50 day moving average of $3.51 and a 200-day moving average of $4.03. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.96.

Great Ajax Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.24 annualized dividend and a yield of 6.34%. Great Ajax’s payout ratio is currently -5.96%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Great Ajax from a “hold” rating to a “sell” rating in a report on Monday, March 25th.

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.