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

StockNews.com began coverage on shares of Great Ajax (NYSE:AJX) in a research report report published on Saturday morning. The firm issued a sell rating on the real estate investment trust’s stock.

Separately, BTIG Research began coverage on Great Ajax in a research report on Tuesday, September 10th. They set a “neutral” rating for the company.

Great Ajax Price Performance

The company has a 50 day moving average price of $3.12 and a 200 day moving average price of $3.34. 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 52-week low of $2.92 and a 52-week high of $6.01. The company has a market capitalization of $137.17 million, a price-to-earnings ratio of -0.80 and a beta of 1.88.

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

Great Ajax Announces Dividend

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. This represents a $0.24 annualized dividend and a yield of ∞. The ex-dividend date was Friday, November 15th. Great Ajax’s payout ratio is currently -6.37%.

Hedge Funds Weigh In On Great Ajax

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in shares of Great Ajax during the 2nd quarter worth approximately $98,000. Sei Investments Co. lifted its position in Great Ajax by 16.6% in the second 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 stake in Great Ajax during the second quarter worth $43,000. Raffles Associates LP increased its holdings in 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 valued at $244,000 after buying an additional 33,161 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Great Ajax in the 3rd quarter valued at $62,000. 58.60% of the stock is currently owned by institutional investors.

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.