Compass Point upgraded shares of Great Ajax Corp. (NYSE:AJX) from a neutral rating to a buy rating in a research note published on Wednesday, November 8th, MarketBeat reports.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Great Ajax from a sell rating to a hold rating in a research note on Wednesday, August 23rd. BidaskClub downgraded shares of Great Ajax from a buy rating to a hold rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Great Ajax has an average rating of Buy and an average target price of $15.17.
Shares of Great Ajax (NYSE AJX) traded up $0.01 during midday trading on Wednesday, hitting $14.30. 42,724 shares of the company traded hands, compared to its average volume of 50,854. Great Ajax has a one year low of $12.61 and a one year high of $15.40. The company has a debt-to-equity ratio of 2.03, a current ratio of 4.23 and a quick ratio of 4.23. The stock has a market capitalization of $260.82, a PE ratio of 9.22 and a beta of 0.85.
A number of hedge funds have recently made changes to their positions in AJX. FMR LLC increased its stake in shares of Great Ajax by 11.4% in the second quarter. FMR LLC now owns 1,736,388 shares of the real estate investment trust’s stock worth $24,275,000 after purchasing an additional 177,662 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Great Ajax by 3.3% in the second quarter. Vanguard Group Inc. now owns 631,753 shares of the real estate investment trust’s stock worth $8,832,000 after purchasing an additional 20,034 shares in the last quarter. State Street Corp increased its stake in shares of Great Ajax by 14.0% in the second quarter. State Street Corp now owns 213,596 shares of the real estate investment trust’s stock worth $2,989,000 after purchasing an additional 26,212 shares in the last quarter. Northern Trust Corp increased its stake in shares of Great Ajax by 12.9% in the second quarter. Northern Trust Corp now owns 176,039 shares of the real estate investment trust’s stock worth $2,461,000 after purchasing an additional 20,154 shares in the last quarter. Finally, Ares Management LLC purchased a new stake in shares of Great Ajax in the second quarter worth $1,367,000. 74.22% of the stock is owned by institutional investors and hedge funds.
About Great Ajax
Great Ajax Corp. is an externally managed real estate company. The Company is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. Its segment is focused on non-performing mortgages and re-performing mortgages.
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