Great Ajax Corp. (AJX) Stock Price Down 3.1%
Shares of Great Ajax Corp. (NYSE:AJX) were down 3.1% during trading on Tuesday . The stock traded as low as $13.87 and last traded at $13.91, with a volume of 58,586 shares trading hands. The stock had previously closed at $14.36.
Several analysts have commented on AJX shares. FBR & Co reiterated a “buy” rating and set a $18.00 target price on shares of Great Ajax Corp. in a research note on Friday, June 17th. Zacks Investment Research raised Great Ajax Corp. from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Friday, April 8th. Nomura Holdings Inc. reissued a “buy” rating and set a $16.00 price target on shares of Great Ajax Corp. in a report on Wednesday, June 15th. Sterne Agee CRT reissued a “buy” rating on shares of Great Ajax Corp. in a report on Monday, May 16th. Finally, Piper Jaffray Cos. assumed coverage on Great Ajax Corp. in a report on Monday, June 20th. They set an “overweight” rating and a $15.00 price target on the stock. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $16.50.
The stock has a market cap of $214.91 million and a PE ratio of 7.47. The firm’s 50-day moving average is $13.71 and its 200-day moving average is $12.33.
In other Great Ajax Corp. news, CFO Mary B. Doyle bought 4,271 shares of Great Ajax Corp. stock in a transaction on Monday, June 13th. The shares were bought at an average cost of $13.10 per share, for a total transaction of $55,950.10. Following the acquisition, the chief financial officer now directly owns 7,419 shares in the company, valued at $97,188.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Russell Schaub bought 7,547 shares of Great Ajax Corp. stock in a transaction on Friday, June 10th. The shares were acquired at an average price of $13.25 per share, for a total transaction of $99,997.75. Following the completion of the acquisition, the president now owns 25,314 shares in the company, valued at $335,410.50. The disclosure for this purchase can be found here.
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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