Great Ajax Corp. (AJX) Sees Unusually-High Trading Volume
Great Ajax Corp. (NYSE:AJX) saw unusually-high trading volume on Friday . Approximately 294,853 shares changed hands during mid-day trading, an increase of 248% from the previous session’s volume of 84,691 shares.The stock last traded at $13.85 and had previously closed at $14.00.
AJX has been the subject of several analyst reports. FBR & Co restated a “buy” rating and issued a $18.00 target price on shares of Great Ajax Corp. in a report on Friday, June 17th. Nomura restated a “buy” rating and issued a $16.00 target price on shares of Great Ajax Corp. in a report on Wednesday, June 15th. Sterne Agee CRT restated a “buy” rating on shares of Great Ajax Corp. in a report on Monday, May 16th. Zacks Investment Research upgraded Great Ajax Corp. from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Friday, April 8th. 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 for the company. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $16.50.
The firm has a 50-day moving average price of $13.71 and a 200-day moving average price of $12.38. The firm has a market capitalization of $212.15 million and a price-to-earnings ratio of 7.37.
In other Great Ajax Corp. news, CFO Mary B. Doyle purchased 4,271 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The shares were acquired at an average price of $13.10 per share, for a total transaction of $55,950.10. Following the completion of the purchase, the chief financial officer now owns 7,419 shares in the company, valued at approximately $97,188.90. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mary B. Doyle purchased 3,148 shares of the business’s stock in a transaction that occurred on Wednesday, May 4th. The stock was acquired at an average price of $13.91 per share, for a total transaction of $43,788.68. Following the purchase, the chief financial officer now owns 3,148 shares of the company’s stock, valued at approximately $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.
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