Great Ajax (NYSE:AJX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Great Ajax Corp. is a real estate investment trust which acquires, invests and manages a portfolio of mortgage loans secured by single- family residences and single-family properties. The company invest in loans secured by multi-family residential and commercial mixed use retail/residential properties. It also hold real-estate owned properties acquired upon the foreclosure, other settlement of our owned non-performing loans. Great Ajax Corp. is based in Beaverton, Oregon. “

Other equities analysts have also issued reports about the company. Compass Point raised Great Ajax from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 8th. B. Riley reissued a “buy” rating on shares of Great Ajax in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $15.17.

Great Ajax (NYSE AJX) traded down $0.01 during midday trading on Tuesday, hitting $13.90. The stock had a trading volume of 53,800 shares, compared to its average volume of 51,504. The firm has a market cap of $253.70, a price-to-earnings ratio of 9.08 and a beta of 0.86. Great Ajax has a fifty-two week low of $12.72 and a fifty-two week high of $15.40. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 2.03.

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC increased its holdings in shares of Great Ajax by 11.4% in the 2nd quarter. FMR LLC now owns 1,736,388 shares of the real estate investment trust’s stock valued at $24,275,000 after acquiring an additional 177,662 shares during the last quarter. Northern Trust Corp grew its stake in Great Ajax by 12.9% during the 2nd quarter. Northern Trust Corp now owns 176,039 shares of the real estate investment trust’s stock worth $2,461,000 after buying an additional 20,154 shares during the last quarter. Vanguard Group Inc. grew its stake in Great Ajax by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 631,753 shares of the real estate investment trust’s stock worth $8,832,000 after buying an additional 20,034 shares during the last quarter. Teachers Advisors LLC grew its stake in Great Ajax by 56.2% during the 2nd quarter. Teachers Advisors LLC now owns 29,039 shares of the real estate investment trust’s stock worth $406,000 after buying an additional 10,450 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Great Ajax by 30.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 26,093 shares of the real estate investment trust’s stock worth $365,000 after buying an additional 6,014 shares during the last quarter. 71.42% of the stock is currently owned by institutional investors.

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About Great Ajax

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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