$0.45 EPS Expected for Great Ajax Corp. (AJX) This Quarter
Equities analysts expect Great Ajax Corp. (NYSE:AJX) to announce earnings per share (EPS) of $0.45 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Great Ajax Corp.’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.43. Great Ajax Corp. posted earnings per share of $0.42 in the same quarter last year, which suggests a positive year over year growth rate of 7.1%. The firm is expected to issue its next earnings report on Tuesday, August 1st.
According to Zacks, analysts expect that Great Ajax Corp. will report full-year earnings of $1.85 per share for the current fiscal year, with EPS estimates ranging from $1.77 to $1.94. For the next year, analysts expect that the business will report earnings of $1.91 per share, with EPS estimates ranging from $1.82 to $1.95. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Great Ajax Corp..
Great Ajax Corp. (NYSE:AJX) last issued its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $13.67 million during the quarter, compared to the consensus estimate of $12.98 million. Great Ajax Corp. had a return on equity of 10.27% and a net margin of 60.91%.
Several equities analysts recently issued reports on AJX shares. Zacks Investment Research lowered Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. FBR & Co reissued a “buy” rating on shares of Great Ajax Corp. in a research note on Thursday, April 20th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $15.75.
A number of large investors have recently bought and sold shares of the stock. FMR LLC raised its stake 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 worth $20,684,000 after buying an additional 13,313 shares in the last quarter. State Treasurer State of Michigan raised its stake 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 worth $12,137,000 after buying an additional 325,000 shares in the last quarter. Vanguard Group Inc. raised its stake in Great Ajax Corp. by 14.7% in the first quarter. Vanguard Group Inc. now owns 611,719 shares of the real estate investment trust’s stock worth $7,983,000 after buying an additional 78,399 shares in the last quarter. Bard Associates Inc. raised its stake in Great Ajax Corp. by 1.0% in the first quarter. Bard Associates Inc. now owns 190,665 shares of the real estate investment trust’s stock worth $2,488,000 after buying an additional 1,825 shares in the last quarter. Finally, State Street Corp raised its stake 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 worth $2,410,000 after buying an additional 22,113 shares in the last quarter. 71.89% of the stock is currently owned by institutional investors.
Shares of Great Ajax Corp. (NYSE AJX) traded down 0.49% during mid-day trading on Tuesday, reaching $14.12. The company had a trading volume of 6,880 shares. The company has a market capitalization of $256.56 million, a PE ratio of 8.66 and a beta of 0.89. Great Ajax Corp. has a 1-year low of $12.61 and a 1-year high of $14.60. The stock’s 50-day moving average price is $13.99 and its 200 day moving average price is $13.45.
About Great Ajax Corp.
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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