Great Ajax Corp. (NYSE:AJX – Get Rating) – Stock analysts at B. Riley issued their Q1 2023 earnings per share estimates for Great Ajax in a research note issued to investors on Thursday, July 21st. B. Riley analyst M. Howlett expects that the real estate investment trust will earn $0.36 per share for the quarter. B. Riley currently has a "Buy" rating and a $17.00 target price on the stock. The consensus estimate for Great Ajax's current full-year earnings is $0.99 per share. B. Riley also issued estimates for Great Ajax's Q2 2023 earnings at $0.37 EPS, Q3 2023 earnings at $0.38 EPS, Q4 2023 earnings at $0.39 EPS and FY2023 earnings at $1.50 EPS.

A number of other analysts also recently commented on AJX. JMP Securities decreased their price objective on shares of Great Ajax from $15.00 to $11.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 26th. StockNews.com initiated coverage on shares of Great Ajax in a research note on Thursday, March 31st. They set a "hold" rating for the company. Finally, Compass Point upgraded Great Ajax from a "neutral" rating to a "buy" rating and set a $16.00 target price for the company in a research note on Tuesday, May 17th.

Great Ajax Stock Up 1.2 %

Great Ajax (NYSE:AJX – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.21). Great Ajax had a net margin of 53.18% and a return on equity of 9.55%. During the same period last year, the business posted $0.30 earnings per share.

Great Ajax Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Investors of record on Monday, May 16th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 10.04%. The ex-dividend date was Friday, May 13th. Great Ajax's dividend payout ratio is 81.89%.

Insider Activity

In other news, major shareholder Magnetar Financial Llc sold 200,000 shares of the company's stock in a transaction on Friday, June 17th. The shares were sold at an average price of $24.48, for a total value of $4,896,000.00. Following the transaction, the insider now directly owns 111,383 shares of the company's stock, valued at $2,726,655.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Great Ajax

A number of institutional investors have recently modified their holdings of the company. Amalgamated Bank bought a new stake in shares of Great Ajax in the first quarter valued at approximately $31,000. MetLife Investment Management LLC lifted its stake in shares of Great Ajax by 54.3% in the first quarter. MetLife Investment Management LLC now owns 12,130 shares of the real estate investment trust's stock valued at $142,000 after buying an additional 4,270 shares during the period. BNP Paribas Arbitrage SA grew its position in Great Ajax by 73.5% during the fourth quarter. BNP Paribas Arbitrage SA now owns 10,861 shares of the real estate investment trust's stock worth $143,000 after buying an additional 4,600 shares in the last quarter. Claybrook Capital LLC grew its position in Great Ajax by 65.4% during the second quarter. Claybrook Capital LLC now owns 33,902 shares of the real estate investment trust's stock worth $325,000 after buying an additional 13,400 shares in the last quarter. Finally, Raymond James & Associates bought a new position in Great Ajax during the fourth quarter valued at about $366,000. Institutional investors own 80.85% of the company's stock.

Great Ajax Company Profile

(Get Rating)

Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases.

Featured Stories

• Get a free copy of the StockNews.com research report on Great Ajax (AJX)
• Salesforce Stock is a Resilient Best-of Breed CRM Play
• How the NYSE and NASDAQ are Different, Why That Matters to Investors
• Use High Beta Stocks to Maximize Your Investing Profits
• Stock Market Holidays 2022-2025 – Here's When the NYSE and NASDAQ Will be Closed
• Why Will Highly-Valued Tesla Move Higher? Results

Receive News & Ratings for Great Ajax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Ajax and related companies with MarketBeat.com's FREE daily email newsletter.