Great Ajax (NYSE:AJX) Earns Neutral Rating from Analysts at BTIG Research

BTIG Research began coverage on shares of Great Ajax (NYSE:AJX) in a note issued to investors on Tuesday, StockNewsAPI reports. The firm set a “neutral” rating on the real estate investment trust’s stock.

Great Ajax Stock Performance

NYSE AJX opened at $3.50 on Tuesday. The stock has a market capitalization of $159.41 million, a PE ratio of -0.87 and a beta of 1.90. The business has a 50 day simple moving average of $3.46 and a two-hundred day simple moving average of $3.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.58 and a quick ratio of 1.58. Great Ajax has a 1-year low of $3.10 and a 1-year high of $6.81.

Hedge Funds Weigh In On Great Ajax

A number of institutional investors and hedge funds have recently modified their holdings of AJX. Simplex Trading LLC boosted its holdings in shares of Great Ajax by 73.5% in the 4th quarter. Simplex Trading LLC now owns 5,946 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 2,518 shares during the period. Jump Financial LLC purchased a new position in shares of Great Ajax in the 4th quarter worth approximately $115,000. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Great Ajax by 19.3% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 737,194 shares of the real estate investment trust’s stock worth $3,907,000 after purchasing an additional 119,283 shares during the period. EMG Holdings L.P. boosted its holdings in shares of Great Ajax by 608.3% in the 4th quarter. EMG Holdings L.P. now owns 1,940,649 shares of the real estate investment trust’s stock worth $10,285,000 after purchasing an additional 1,666,666 shares during the period. Finally, Cannell Capital LLC purchased a new position in shares of Great Ajax in the 4th quarter worth approximately $1,716,000. Hedge funds and other institutional investors own 58.60% of the company’s stock.

About Great Ajax

Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties.