Royal Bank of Canada reduced its position in shares of Great Ajax Corp. (NYSE:AJX) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,880 shares of the real estate investment trust’s stock after selling 594 shares during the period. Royal Bank of Canada owned approximately 0.13% of Great Ajax Corp. worth $320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Parametric Portfolio Associates LLC raised its position in Great Ajax Corp. by 32.4% during the second quarter. Parametric Portfolio Associates LLC now owns 20,543 shares of the real estate investment trust’s stock valued at $287,000 after purchasing an additional 5,022 shares in the last quarter. FMR LLC raised its position in Great Ajax Corp. by 11.4% during the second quarter. FMR LLC now owns 1,736,388 shares of the real estate investment trust’s stock valued at $24,275,000 after purchasing an additional 177,662 shares in the last quarter. Vanguard Group Inc. raised its position in Great Ajax Corp. by 3.3% during the second quarter. Vanguard Group Inc. now owns 631,753 shares of the real estate investment trust’s stock valued at $8,832,000 after purchasing an additional 20,034 shares in the last quarter. Northern Trust Corp raised its position in Great Ajax Corp. by 12.9% during the second quarter. Northern Trust Corp now owns 176,039 shares of the real estate investment trust’s stock valued at $2,461,000 after purchasing an additional 20,154 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in Great Ajax Corp. by 16.3% during the second quarter. Nationwide Fund Advisors now owns 9,600 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 1,347 shares in the last quarter. Institutional investors and hedge funds own 74.93% of the company’s stock.

Shares of Great Ajax Corp. (NYSE AJX) opened at $14.17 on Friday. The firm has a market cap of $258.63, a price-to-earnings ratio of 9.14 and a beta of 0.85. Great Ajax Corp. has a one year low of $12.61 and a one year high of $15.40. The company has a debt-to-equity ratio of 2.03, a quick ratio of 4.23 and a current ratio of 4.23.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.47%. Great Ajax Corp.’s payout ratio is presently 78.43%.

COPYRIGHT VIOLATION WARNING: “Great Ajax Corp. (AJX) Shares Sold by Royal Bank of Canada” was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/11/19/great-ajax-corp-ajx-shares-sold-by-royal-bank-of-canada.html.

AJX has been the subject of several research analyst reports. B. Riley restated a “buy” rating on shares of Great Ajax Corp. in a research report on Wednesday, November 1st. Compass Point upgraded shares of Great Ajax Corp. from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Great Ajax Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, BidaskClub downgraded shares of Great Ajax Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.38.

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.

Want to see what other hedge funds are holding AJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Great Ajax Corp. (NYSE:AJX).

Institutional Ownership by Quarter for Great Ajax Corp. (NYSE:AJX)

Receive News & Ratings for Great Ajax Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Ajax Corp. and related companies with MarketBeat.com's FREE daily email newsletter.