Great Ajax Corp. (AJX) Trading Down 2.6%
Shares of Great Ajax Corp. (NYSE:AJX) dropped 2.6% on Friday . The stock traded as low as $13.61 and last traded at $13.61, with a volume of 66,476 shares changing hands. The stock had previously closed at $13.97.
AJX has been the subject of several recent analyst reports. Zacks Investment Research downgraded Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 4th. Sterne Agee CRT restated a “buy” rating on shares of Great Ajax Corp. in a research note on Monday, May 16th. Piper Jaffray Cos. initiated coverage on Great Ajax Corp. in a research note on Monday, June 20th. They set an “overweight” rating and a $15.00 target price for the company. FBR & Co restated a “buy” rating and set a $18.00 target price on shares of Great Ajax Corp. in a research note on Friday, June 17th. Finally, Nomura restated a “buy” rating and set a $16.00 target price on shares of Great Ajax Corp. in a research note on Wednesday, June 15th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Great Ajax Corp. currently has a consensus rating of “Buy” and a consensus price target of $16.50.
The company has a 50 day moving average price of $13.88 and a 200 day moving average price of $12.57. The stock has a market capitalization of $245.10 million and a P/E ratio of 7.04.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.32%.
In other news, President Russell Schaub purchased 7,547 shares of the business’s stock in a transaction dated Friday, June 10th. The shares were bought at an average cost of $13.25 per share, for a total transaction of $99,997.75. Following the completion of the acquisition, 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 can be accessed through this link. Also, CEO Lawrence Mendelsohn purchased 18,000 shares of the business’s stock in a transaction dated Friday, June 10th. The stock was purchased at an average price of $13.25 per share, for a total transaction of $238,500.00. Following the completion of the acquisition, the chief executive officer now owns 2,070 shares of the company’s stock, valued at $27,427.50. 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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