Great Ajax (NYSE:AJX) Receives New Coverage from Analysts at StockNews.com

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

Separately, JMP Securities reiterated a market outperform rating and issued a $9.00 target price on shares of Great Ajax in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $9.88.

Great Ajax Stock Performance

AJX opened at $4.56 on Friday. The firm has a market cap of $125.26 million, a price-to-earnings ratio of -3.23 and a beta of 1.88. Great Ajax has a 52 week low of $4.08 and a 52 week high of $9.24. The business’s 50 day moving average is $5.63 and its two-hundred day moving average is $6.05. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.84.

Great Ajax Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 9.65%. Great Ajax’s dividend payout ratio (DPR) is -31.21%.

Hedge Funds Weigh In On Great Ajax

Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in shares of Great Ajax by 194.1% in the fourth quarter. Wells Fargo & Company MN now owns 4,856 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 3,205 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Great Ajax in the third quarter valued at $39,000. Johnson Investment Counsel Inc. acquired a new position in Great Ajax in the second quarter valued at $64,000. Boothbay Fund Management LLC acquired a new position in Great Ajax in the first quarter valued at $79,000. Finally, Virtu Financial LLC acquired a new position in Great Ajax in the fourth quarter valued at $80,000. 58.60% of the stock is owned by institutional investors and hedge funds.

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.