Great Ajax Corp. (AJX) Hits New 52-Week High at $14.31
Great Ajax Corp. (NYSE:AJX) reached a new 52-week high during trading on Monday . The stock traded as high as $14.31 and last traded at $14.31, with a volume of 146,167 shares trading hands. The stock had previously closed at $13.86.
A number of equities research analysts have recently issued reports on AJX shares. FBR & Co reiterated a “buy” rating and set a $18.00 price objective on shares of Great Ajax Corp. in a research note on Friday, June 17th. Zacks Investment Research upgraded Great Ajax Corp. from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Friday, April 8th. Nomura Holdings Inc. reiterated a “buy” rating and set a $16.00 price objective on shares of Great Ajax Corp. in a research note on Wednesday, June 15th. Sterne Agee CRT reiterated a “buy” rating on shares of Great Ajax Corp. in a research note on Monday, May 16th. Finally, Piper Jaffray Cos. started coverage on Great Ajax Corp. in a research note on Monday, June 20th. They set 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 stock. The stock has an average rating of “Buy” and a consensus price target of $15.50.
The firm has a 50-day moving average price of $13.69 and a 200-day moving average price of $12.31. The firm has a market cap of $218.89 million and a price-to-earnings ratio of 7.61.
In other Great Ajax Corp. news, President Russell Schaub bought 7,547 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The stock was acquired at an average price of $13.25 per share, with a total value of $99,997.75. Following the completion of the purchase, the president now directly owns 25,314 shares of the company’s stock, valued at approximately $335,410.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mary B. Doyle bought 4,271 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were acquired at an average cost of $13.10 per share, with a total value of $55,950.10. Following the purchase, the chief financial officer now directly owns 7,419 shares of the company’s stock, 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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