Great Ajax Corp. (AJX) Shares Down 2.6%
Shares of Great Ajax Corp. (NYSE:AJX) were down 2.6% during mid-day trading on Friday . The company traded as low as $13.61 and last traded at $13.61, with a volume of 66,476 shares. The stock had previously closed at $13.97.
A number of analysts recently issued reports on AJX shares. FBR & Co reissued a “buy” rating on shares of Great Ajax Corp. in a research report on Wednesday, May 4th. Nomura reissued a “buy” rating and set a $16.00 target price on shares of Great Ajax Corp. in a research report on Wednesday, June 15th. Sterne Agee CRT reissued a “buy” rating on shares of Great Ajax Corp. in a research report on Monday, May 16th. Zacks Investment Research raised shares of Great Ajax Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Finally, Piper Jaffray Cos. started coverage on shares of Great Ajax Corp. in a research report on Monday, June 20th. They set an “overweight” rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Great Ajax Corp. has a consensus rating of “Buy” and an average price target of $16.50.
The firm has a market capitalization of $245.10 million and a PE ratio of 7.04. The stock has a 50 day moving average price of $13.88 and a 200-day moving average price of $12.57.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th will be given a $0.25 dividend. The ex-dividend date is Friday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.32%.
In related news, CFO Mary B. Doyle purchased 4,271 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average price of $13.10 per share, for a total transaction of $55,950.10. Following the transaction, the chief financial officer now directly owns 7,419 shares of the company’s stock, valued at approximately $97,188.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lawrence Mendelsohn purchased 18,000 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The stock was bought at an average price of $13.25 per share, with a total value of $238,500.00. Following the transaction, the chief executive officer now directly owns 2,070 shares in the company, 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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