Great Ajax Corp (NYSE:AJX) – Stock analysts at B. Riley lowered their Q1 2019 earnings per share (EPS) estimates for shares of Great Ajax in a research note issued to investors on Wednesday, August 8th. B. Riley analyst T. Hayes now anticipates that the real estate investment trust will earn $0.44 per share for the quarter, down from their prior estimate of $0.45. B. Riley also issued estimates for Great Ajax’s Q2 2019 earnings at $0.45 EPS.

AJX has been the topic of several other reports. ValuEngine downgraded shares of Great Ajax from a “hold” rating to a “sell” rating in a research note on Wednesday, June 6th. Zacks Investment Research raised shares of Great Ajax from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Friday, May 11th. Finally, Compass Point downgraded shares of Great Ajax from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $16.17.

Shares of NYSE:AJX opened at $13.55 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 4.74 and a current ratio of 4.74. Great Ajax has a 12-month low of $12.27 and a 12-month high of $14.74. The firm has a market cap of $251.12 million, a price-to-earnings ratio of 8.63 and a beta of 0.62.

Great Ajax (NYSE:AJX) last announced its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). Great Ajax had a net margin of 50.12% and a return on equity of 9.47%. The firm had revenue of $14.78 million for the quarter, compared to analyst estimates of $14.51 million.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 30th. Stockholders of record on Wednesday, August 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date is Tuesday, August 14th. Great Ajax’s dividend payout ratio (DPR) is presently 76.43%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Great Ajax by 4.0% in the second quarter. BlackRock Inc. now owns 1,163,724 shares of the real estate investment trust’s stock worth $15,222,000 after acquiring an additional 44,617 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Great Ajax by 18.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 32,000 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 5,000 shares during the last quarter. Monarch Partners Asset Management LLC increased its stake in shares of Great Ajax by 16.0% in the second quarter. Monarch Partners Asset Management LLC now owns 58,650 shares of the real estate investment trust’s stock worth $767,000 after acquiring an additional 8,110 shares during the last quarter. Family Management Corp increased its stake in shares of Great Ajax by 16.7% in the first quarter. Family Management Corp now owns 198,373 shares of the real estate investment trust’s stock worth $2,688,000 after acquiring an additional 28,318 shares during the last quarter. Finally, Resource America Inc. increased its stake in shares of Great Ajax by 4.4% in the first quarter. Resource America Inc. now owns 276,629 shares of the real estate investment trust’s stock worth $3,748,000 after acquiring an additional 11,750 shares during the last quarter. 69.73% of the stock is currently owned by institutional investors and hedge funds.

About Great Ajax

Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties, such as one to four unit homes and smaller commercial properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases.

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Earnings History and Estimates for Great Ajax (NYSE:AJX)

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