Equities research analysts expect Great Ajax Corp (NYSE:AJX) to announce sales of $15.07 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Great Ajax’s earnings, with the highest sales estimate coming in at $16.02 million and the lowest estimate coming in at $13.80 million. Great Ajax posted sales of $14.75 million in the same quarter last year, which suggests a positive year over year growth rate of 2.2%. The company is expected to announce its next earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that Great Ajax will report full year sales of $64.88 million for the current financial year, with estimates ranging from $63.33 million to $67.20 million. For the next year, analysts expect that the company will post sales of $64.59 million, with estimates ranging from $60.50 million to $66.96 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Great Ajax.

Great Ajax (NYSE:AJX) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.09). The business had revenue of $20.70 million for the quarter, compared to analysts’ expectations of $14.90 million. Great Ajax had a return on equity of 8.05% and a net margin of 51.93%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Great Ajax from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Friday, August 9th. Piper Jaffray Companies set a $15.00 price target on shares of Great Ajax and gave the stock a “buy” rating in a research note on Wednesday, August 7th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA lifted its stake in shares of Great Ajax by 559.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,362 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 2,852 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Great Ajax by 44.1% during the 4th quarter. Bank of America Corp DE now owns 9,705 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 2,972 shares in the last quarter. Zebra Capital Management LLC purchased a new position in shares of Great Ajax during the 2nd quarter valued at $141,000. Bessemer Group Inc. purchased a new position in shares of Great Ajax during the 2nd quarter valued at $162,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Great Ajax by 641.1% during the 2nd quarter. Meeder Asset Management Inc. now owns 13,103 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 11,335 shares in the last quarter. Institutional investors own 74.29% of the company’s stock.

Shares of Great Ajax stock traded down $0.06 on Monday, hitting $15.36. 105,900 shares of the company’s stock were exchanged, compared to its average volume of 71,078. The company has a 50-day simple moving average of $14.46 and a 200-day simple moving average of $13.82. The stock has a market capitalization of $304.08 million, a PE ratio of 10.52 and a beta of 0.77. Great Ajax has a 1 year low of $11.56 and a 1 year high of $15.62. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.27 and a current ratio of 2.27.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 8.33%. The ex-dividend date of this dividend was Friday, August 16th. Great Ajax’s dividend payout ratio is presently 87.67%.

Great Ajax Company Profile

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 acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. The company elected to be taxed as a real estate investment trust for U.S.

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

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