Great Ajax (NYSE:AJX) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Great Ajax (NYSE:AJX) in a research note released on Thursday. The firm issued a sell rating on the real estate investment trust’s stock.

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

Great Ajax Stock Performance

Great Ajax has a 1 year low of $2.92 and a 1 year high of $6.01. The company has a fifty day moving average of $3.14 and a 200-day moving average of $3.35. The firm has a market cap of $137.17 million, a PE ratio of -0.80 and a beta of 1.88. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.08.

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

Great Ajax Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Friday, November 15th. Great Ajax’s dividend payout ratio is currently -6.37%.

Institutional Investors Weigh In On Great Ajax

Several hedge funds have recently bought and sold shares of the company. Algert Global LLC acquired a new position in shares of Great Ajax in the 2nd quarter valued at $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Great Ajax during the third quarter worth about $62,000. Barclays PLC bought a new position in shares of Great Ajax during the 3rd quarter valued at about $81,000. Sei Investments Co. grew its position 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 during the period. Finally, Renaissance Technologies LLC bought a new stake in Great Ajax during the 2nd quarter worth approximately $98,000. 58.60% of the stock is currently owned by institutional investors and hedge funds.

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.