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

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

Separately, BTIG Research assumed coverage on shares of Great Ajax in a report on Tuesday, September 10th. They set a “neutral” rating on the stock.

Great Ajax Stock Performance

The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.08. Great Ajax has a 12-month low of $2.92 and a 12-month high of $6.01. The company has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $3.34. The company has a market capitalization of $137.17 million, a P/E ratio of -0.80 and a beta of 1.88.

Great Ajax (NYSE:AJX) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.26. Great Ajax had a negative net margin of 203.61% and a negative return on equity of 8.35%. The company had revenue of $12.35 million during the quarter. During the same quarter in the prior year, the company earned ($0.25) earnings per share. On average, equities research analysts forecast that Great Ajax will post -2.93 EPS for the current year.

Great Ajax Announces Dividend

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

Institutional Trading of Great Ajax

Several hedge funds and other institutional investors have recently modified their holdings of AJX. Sei Investments Co. boosted its stake in 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. Algert Global LLC bought a new stake in shares of Great Ajax in the second quarter valued at about $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Great Ajax in the third quarter valued at about $62,000. Barclays PLC bought a new position in Great Ajax during the third quarter worth about $81,000. Finally, Renaissance Technologies LLC bought a new position in shares of Great Ajax during the second quarter worth approximately $98,000. Institutional investors own 58.60% of the company’s stock.

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.