Great Ajax (NYSE:AJX) Now Covered by StockNews.com

StockNews.com began coverage on shares of Great Ajax (NYSE:AJX) in a report published on Thursday morning. The firm issued a sell rating on the real estate investment trust’s stock.

Separately, BTIG Research began coverage on shares of Great Ajax in a report on Tuesday, September 10th. They issued a “neutral” rating for the company.

Great Ajax Price Performance

The company has a market cap of $137.17 million, a P/E ratio of -0.80 and a beta of 1.88. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.08. Great Ajax has a twelve month low of $2.92 and a twelve month high of $6.01. The stock has a 50 day moving average price of $3.14 and a two-hundred day moving average price of $3.35.

Great Ajax (NYSE:AJX) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.26. The company had revenue of $12.35 million for the quarter. Great Ajax had a negative return on equity of 8.35% and a negative net margin of 203.61%. During the same period in the prior year, the firm earned ($0.25) earnings per share. Analysts anticipate that Great Ajax will post -2.93 earnings per share for the current year.

Great Ajax Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of ∞. Great Ajax’s dividend payout ratio is currently -6.37%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AJX. Sei Investments Co. raised its position in Great Ajax by 16.6% in the second quarter. Sei Investments Co. now owns 26,641 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 3,800 shares in the last quarter. Algert Global LLC acquired a new position in shares of Great Ajax in the 2nd quarter worth approximately $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Great Ajax during the 3rd quarter worth approximately $62,000. Barclays PLC bought a new stake in Great Ajax in the third quarter valued at $81,000. Finally, Renaissance Technologies LLC acquired a new position in Great Ajax during the second quarter worth $98,000. 58.60% of the stock is currently owned by institutional investors and hedge funds.

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.