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.
Get Great Ajax alerts: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 %
AJX stock opened at $10.36 on Friday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.72. Great Ajax has a twelve month low of $8.68 and a twelve month high of $14.74. The company's 50 day moving average is $9.92 and its two-hundred day moving average is $10.90. The stock has a market cap of $240.14 million, a P/E ratio of 8.16 and a beta of 1.74.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.