Great Ajax Corp. (AJX) Sees Unusually-High Trading Volume
Shares of Great Ajax Corp. (NYSE:AJX) saw an uptick in trading volume on Thursday . 99,203 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 77,345 shares.The stock last traded at $14.00 and had previously closed at $13.92.
A number of research firms have recently commented on AJX. FBR & Co reiterated a “buy” rating on shares of Great Ajax Corp. in a research note on Wednesday, May 4th. Zacks Investment Research lowered Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 4th. Nomura reiterated a “buy” rating and issued a $16.00 price objective on shares of Great Ajax Corp. in a research note on Wednesday, June 15th. Piper Jaffray Cos. began coverage on Great Ajax Corp. in a research note on Monday, June 20th. They issued an “overweight” rating and a $15.00 price objective on the stock. Finally, Sterne Agee CRT reiterated a “buy” rating on shares of Great Ajax Corp. in a research note on Monday, May 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $16.50.
The stock’s 50-day moving average is $13.87 and its 200 day moving average is $12.55. The stock has a market cap of $250.66 million and a PE ratio of 7.20.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date of this dividend is Friday, August 12th.
In other Great Ajax Corp. news, President Russell Schaub acquired 7,547 shares of Great Ajax Corp. stock in a transaction dated Friday, June 10th. The stock was bought at an average cost of $13.25 per share, for a total transaction of $99,997.75. Following the purchase, the president now directly owns 25,314 shares in the company, valued at approximately $335,410.50. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mary B. Doyle acquired 4,271 shares of Great Ajax Corp. stock in a transaction dated Monday, June 13th. The shares were acquired at an average price of $13.10 per share, with a total value of $55,950.10. Following the completion of the purchase, the chief financial officer now owns 7,419 shares in the company, valued at $97,188.90. 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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