Blair William & Co. IL Has $170,000 Stake in Great Ajax Corp. (AJX)
Blair William & Co. IL continued to hold its stake in shares of Great Ajax Corp. (NYSE:AJX) during the first quarter, Holdings Channel reports. The firm owned 13,000 shares of the real estate investment trust’s stock at the end of the first quarter. Blair William & Co. IL’s holdings in Great Ajax Corp. were worth $170,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. FMR LLC raised its position in Great Ajax Corp. by 0.9% in the fourth quarter. FMR LLC now owns 1,558,726 shares of the real estate investment trust’s stock valued at $20,684,000 after buying an additional 13,313 shares during the period. State Treasurer State of Michigan raised its position in Great Ajax Corp. by 53.7% in the first quarter. State Treasurer State of Michigan now owns 930,000 shares of the real estate investment trust’s stock valued at $12,137,000 after buying an additional 325,000 shares during the period. State Street Corp raised its position in Great Ajax Corp. by 13.9% in the fourth quarter. State Street Corp now owns 181,427 shares of the real estate investment trust’s stock valued at $2,410,000 after buying an additional 22,113 shares during the period. Martingale Asset Management L P raised its position in Great Ajax Corp. by 20.0% in the fourth quarter. Martingale Asset Management L P now owns 138,861 shares of the real estate investment trust’s stock valued at $1,843,000 after buying an additional 23,098 shares during the period. Finally, Renaissance Technologies LLC raised its position in Great Ajax Corp. by 34.9% in the fourth quarter. Renaissance Technologies LLC now owns 123,800 shares of the real estate investment trust’s stock valued at $1,643,000 after buying an additional 32,000 shares during the period. Institutional investors and hedge funds own 71.89% of the company’s stock.
Shares of Great Ajax Corp. (AJX) opened at 14.15 on Tuesday. Great Ajax Corp. has a 12 month low of $12.61 and a 12 month high of $14.60. The firm has a market capitalization of $257.11 million, a P/E ratio of 8.68 and a beta of 0.89. The stock has a 50 day moving average price of $13.92 and a 200 day moving average price of $13.41.
Great Ajax Corp. (NYSE:AJX) last issued its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.01. The firm had revenue of $13.67 million during the quarter, compared to the consensus estimate of $12.98 million. Great Ajax Corp. had a net margin of 60.91% and a return on equity of 10.27%. On average, analysts expect that Great Ajax Corp. will post $1.89 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 30th. Stockholders of record on Tuesday, May 16th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.87%. This is a boost from Great Ajax Corp.’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, May 12th. Great Ajax Corp.’s dividend payout ratio is presently 68.71%.
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Several research firms have weighed in on AJX. Zacks Investment Research upgraded Great Ajax Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Tuesday, May 9th. Instinet cut their target price on Great Ajax Corp. from $14.50 to $14.00 and set a “neutral” rating on the stock in a report on Monday, March 6th. Finally, FBR & Co restated a “buy” rating on shares of Great Ajax Corp. in a report on Wednesday, March 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Great Ajax Corp. has a consensus rating of “Buy” and an average price target of $15.64.
Great Ajax Corp. Company Profile
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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