Great Ajax Corp. (AJX) Sees Unusually-High Trading Volume
Shares of Great Ajax Corp. (NYSE:AJX) saw unusually-strong trading volume on Thursday . Approximately 99,203 shares traded hands during 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.
AJX has been the topic of a number of recent analyst reports. FBR & Co reaffirmed 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 “buy” rating to a “strong sell” rating in a research note on Friday, May 6th. Sterne Agee CRT reaffirmed a “buy” rating on shares of Great Ajax Corp. in a research note on Monday, May 16th. Nomura reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Great Ajax Corp. in a research note on Wednesday, June 15th. Finally, Piper Jaffray Cos. initiated 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $16.50.
The firm has a market cap of $245.10 million and a PE ratio of 7.04. The stock’s 50-day moving average is $13.88 and its 200 day moving average is $12.57.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders 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 annualized dividend and a dividend yield of 7.32%.
In other Great Ajax Corp. news, CFO Mary B. Doyle purchased 4,271 shares of the stock in a transaction on Monday, June 13th. The shares were purchased at an average price of $13.10 per share, with a total value of $55,950.10. Following the acquisition, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, President Russell Schaub purchased 7,547 shares of the stock in a transaction on Friday, June 10th. The stock was acquired at an average cost of $13.25 per share, for a total transaction of $99,997.75. Following 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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