Great Ajax Corp (NYSE:AJX) – Equities research analysts at B. Riley cut their Q4 2018 earnings per share (EPS) estimates for shares of Great Ajax in a report released on Thursday, January 10th. B. Riley analyst T. Hayes now expects that the real estate investment trust will post earnings of $0.38 per share for the quarter, down from their previous forecast of $0.44. B. Riley also issued estimates for Great Ajax’s Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.40 EPS, Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.42 EPS, FY2019 earnings at $1.60 EPS, Q1 2020 earnings at $0.41 EPS, Q2 2020 earnings at $0.42 EPS, Q3 2020 earnings at $0.44 EPS, Q4 2020 earnings at $0.46 EPS and FY2020 earnings at $1.74 EPS.

Separately, Zacks Investment Research upgraded Great Ajax from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.50.

NYSE AJX opened at $12.74 on Friday. The company has a market cap of $241.55 million, a price-to-earnings ratio of 8.11 and a beta of 0.66. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.27 and a quick ratio of 3.27. Great Ajax has a 1-year low of $11.56 and a 1-year high of $13.98.

Great Ajax (NYSE:AJX) last released its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.10). The firm had revenue of $14.75 million for the quarter, compared to analysts’ expectations of $15.22 million. Great Ajax had a net margin of 48.10% and a return on equity of 9.04%.

The company also recently declared a special dividend, which will be paid on Thursday, January 31st. Shareholders of record on Tuesday, January 15th will be issued a dividend of $0.05 per share. This represents a yield of 10.43%. The ex-dividend date of this dividend is Monday, January 14th. Great Ajax’s dividend payout ratio is presently 81.53%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AJX. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Great Ajax during the 3rd quarter valued at approximately $220,000. Acadian Asset Management LLC purchased a new position in Great Ajax during the 3rd quarter valued at approximately $288,000. First Trust Advisors LP grew its holdings in Great Ajax by 39.6% during the 3rd quarter. First Trust Advisors LP now owns 25,444 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 7,220 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Great Ajax by 18.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 32,000 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 5,000 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Great Ajax by 7.8% in the 2nd quarter. California Public Employees Retirement System now owns 61,315 shares of the real estate investment trust’s stock worth $802,000 after purchasing an additional 4,415 shares during the period. Institutional investors and hedge funds own 68.31% of the company’s stock.

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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