Great Ajax (NYSE:AJX) Coverage Initiated by Analysts at StockNews.com

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

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

Great Ajax Price Performance

The stock has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $3.34. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.51 and a quick ratio of 1.51. Great Ajax has a one year low of $2.92 and a one year high of $6.01. The company has a market capitalization of $137.17 million, a P/E ratio of -0.80 and a beta of 1.88.

Great Ajax (NYSE:AJX) last released its earnings results on Monday, October 21st. The real estate investment trust reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.26. The company had revenue of $12.35 million during 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 last year, the firm posted ($0.25) EPS. As a group, equities analysts expect that Great Ajax will post -2.93 earnings per share for the current fiscal year.

Great Ajax Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.24 annualized dividend and a dividend yield of ∞. Great Ajax’s payout ratio is presently -6.37%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Algert Global LLC purchased a new position in shares of Great Ajax during the second quarter valued at approximately $43,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Great Ajax in the third quarter valued at $62,000. Barclays PLC purchased a new position in Great Ajax during the 3rd quarter valued at $81,000. Sei Investments Co. raised its holdings in Great Ajax by 16.6% in the 2nd 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. Finally, Renaissance Technologies LLC purchased a new stake in shares of Great Ajax in the 2nd quarter worth about $98,000. 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.