Great Ajax (NYSE:AJX) Earns Sell Rating from Analysts at StockNews.com

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

Separately, BTIG Research started coverage on Great Ajax in a research note on Tuesday, September 10th. They issued a “neutral” rating for the company.

Great Ajax Price Performance

The stock has a 50 day moving average price of $3.12 and a 200-day moving average price of $3.34. The firm has a market capitalization of $137.17 million, a PE ratio of -0.80 and a beta of 1.88. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.51 and a current ratio of 1.51. Great Ajax has a fifty-two week low of $2.92 and a fifty-two week high of $6.01.

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

Great Ajax Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of ∞. The ex-dividend date was Friday, November 15th. Great Ajax’s dividend payout ratio is currently -6.37%.

Institutional Trading of Great Ajax

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in Great Ajax in the second quarter worth approximately $98,000. Sei Investments Co. grew 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 acquiring an additional 3,800 shares in the last quarter. Algert Global LLC acquired a new position in shares of Great Ajax during the 2nd quarter worth $43,000. Raffles Associates LP raised its holdings in shares of Great Ajax by 82.7% during the 3rd quarter. Raffles Associates LP now owns 73,280 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 33,161 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Great Ajax in the 3rd quarter valued at $62,000. 58.60% of the stock is currently owned by hedge funds and other institutional investors.

Great Ajax Company Profile

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.