Great Ajax Corp. (AJX) Hits New 1-Year High at $14.31
Great Ajax Corp. (NYSE:AJX) shares reached a new 52-week high on Monday . The company traded as high as $14.31 and last traded at $14.31, with a volume of 146,167 shares changing hands. The stock had previously closed at $13.86.
AJX has been the subject of a number of recent research reports. Sterne Agee CRT reissued a “buy” rating on shares of Great Ajax Corp. in a report on Monday, May 16th. Zacks Investment Research lowered shares of Great Ajax Corp. from a “buy” rating to a “strong sell” rating in a report on Friday, May 6th. Piper Jaffray Cos. initiated coverage on shares of Great Ajax Corp. in a report on Monday, June 20th. They issued an “overweight” rating and a $15.00 target price for the company. FBR & Co reissued a “buy” rating and issued a $18.00 target price on shares of Great Ajax Corp. in a report on Friday, June 17th. Finally, Nomura Holdings Inc. restated a “buy” rating and issued a $16.00 price target on shares of Great Ajax Corp. in a research report on Wednesday, June 15th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Great Ajax Corp. presently has a consensus rating of “Buy” and an average target price of $16.50.
The stock has a 50 day moving average price of $13.71 and a 200 day moving average price of $12.34. The company has a market capitalization of $214.91 million and a P/E ratio of 7.47.
In other Great Ajax Corp. news, CFO Mary B. Doyle bought 4,271 shares of Great Ajax Corp. stock in a transaction dated Monday, June 13th. The stock was acquired at an average cost of $13.10 per share, with a total value of $55,950.10. Following the purchase, the chief financial officer now directly owns 7,419 shares in the company, valued at approximately $97,188.90. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mary B. Doyle bought 3,148 shares of Great Ajax Corp. stock in a transaction dated Wednesday, May 4th. The shares were acquired at an average cost of $13.91 per share, with a total value of $43,788.68. Following the completion of the purchase, the chief financial officer now owns 3,148 shares in the company, valued at $43,788.68. 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.