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Research Analysts Issue Forecasts for Great Ajax Corp.'s Q2 2022 Earnings (NYSE:AJX)

Defense World · Jul 25, 2022 01:32

Great Ajax Corp. (NYSE:AJX – Get Rating) – Research analysts at B. Riley issued their Q2 2022 EPS estimates for shares of Great Ajax in a research note issued on Thursday, July 21st. B. Riley analyst M. Howlett anticipates that the real estate investment trust will post earnings per share of $0.33 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 $1.05 per share. B. Riley also issued estimates for Great Ajax's Q3 2022 earnings at $0.34 EPS, Q4 2022 earnings at $0.35 EPS and FY2022 earnings at $1.18 EPS.

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Great Ajax (NYSE:AJX – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.15 earnings per share 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 quarter in the prior year, the company earned $0.30 earnings per share.

Several other research firms also recently weighed in on AJX. Compass Point raised shares of Great Ajax from a "neutral" rating to a "buy" rating and set a $16.00 target price on the stock in a research report on Tuesday, May 17th. JMP Securities lowered 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 research report on Tuesday, April 26th. Finally, StockNews.com assumed coverage on shares of Great Ajax in a research note on Thursday, March 31st. They issued a "hold" rating for the company.

Great Ajax Stock Up 0.1 %

AJX stock opened at $10.37 on Monday. The firm's 50-day moving average is $9.95 and its two-hundred day moving average is $10.85. The company has a market capitalization of $240.42 million, a price-to-earnings ratio of 8.17 and a beta of 1.74. 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 52 week low of $8.68 and a 52 week high of $14.74.

Great Ajax Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 10.03%. The ex-dividend date of this dividend was Friday, May 13th. Great Ajax's payout ratio is 81.89%.

Insider Transactions at Great Ajax

In related news, major shareholder Magnetar Financial Llc sold 800,000 shares of the company's stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $24.90, for a total transaction of $19,920,000.00. Following the transaction, the insider now owns 56,917 shares in the company, valued at approximately $1,417,233.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.00% of the stock is owned by insiders.

Institutional Trading of Great Ajax

A number of hedge funds have recently modified their holdings of the company. Beach Point Capital Management LP bought a new position in shares of Great Ajax during the 4th quarter worth approximately $3,674,000. EMG Holdings L.P. lifted its holdings in Great Ajax by 0.7% during the 1st quarter. EMG Holdings L.P. now owns 324,367 shares of the real estate investment trust's stock valued at $3,805,000 after purchasing an additional 2,310 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of Great Ajax by 2.2% during the first quarter. Advisor Group Holdings Inc. now owns 94,643 shares of the real estate investment trust's stock worth $1,110,000 after buying an additional 2,032 shares in the last quarter. Bard Associates Inc. lifted its holdings in shares of Great Ajax by 1.6% during the first quarter. Bard Associates Inc. now owns 200,431 shares of the real estate investment trust's stock worth $2,351,000 after buying an additional 3,178 shares in the last quarter. Finally, KG&L Capital Management LLC acquired a new stake in shares of Great Ajax during the first quarter worth $1,343,000. 80.85% of the stock is currently owned by institutional investors and hedge funds.

About Great Ajax

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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.