Analysts expect Great Ajax Corp (NYSE:AJX) to post earnings per share of $0.46 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Great Ajax Corp’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.45. Great Ajax Corp posted earnings of $0.50 per share during the same quarter last year, which would indicate a negative year over year growth rate of 8%. The firm is scheduled to announce its next earnings report on Tuesday, May 2nd.
According to Zacks, analysts expect that Great Ajax Corp will report full-year earnings of $1.83 per share for the current financial year, with EPS estimates ranging from $1.74 to $1.89. For the next financial year, analysts expect that the business will report earnings of $1.83 per share, with EPS estimates ranging from $1.62 to $1.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Great Ajax Corp.
Great Ajax Corp (NYSE:AJX) last issued its earnings results on Wednesday, March 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.18. Great Ajax Corp had a return on equity of 11.53% and a net margin of 66.54%.
A number of equities research analysts have recently issued reports on AJX shares. Zacks Investment Research cut Great Ajax Corp from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 31st. Instinet reduced their price objective on Great Ajax Corp from $14.50 to $14.00 and set a “neutral” rating for the company in a report on Monday, March 6th. Finally, FBR & Co restated a “buy” rating on shares of Great Ajax Corp in a report on Wednesday, March 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $15.79.
Shares of Great Ajax Corp (NYSE:AJX) traded down 0.61% during trading on Wednesday, hitting $12.94. The stock had a trading volume of 1,242 shares. Great Ajax Corp has a 12-month low of $12.15 and a 12-month high of $14.48. The stock’s 50-day moving average is $13.07 and its 200-day moving average is $13.36. The stock has a market capitalization of $234.78 million, a P/E ratio of 7.82 and a beta of 0.92.
The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Wednesday, March 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.68%. The ex-dividend date of this dividend was Monday, March 13th. Great Ajax Corp’s dividend payout ratio (DPR) is currently 53.48%.
A number of hedge funds and other institutional investors have recently made changes to their positions in AJX. Martingale Asset Management L P increased its position in shares of Great Ajax Corp by 20.0% in the fourth quarter. Martingale Asset Management L P now owns 138,861 shares of the real estate investment trust’s stock valued at $1,843,000 after buying an additional 23,098 shares in the last quarter. Analytic Investors LLC purchased a new position in shares of Great Ajax Corp during the third quarter valued at approximately $396,000. JPMorgan Chase & Co. increased its position in shares of Great Ajax Corp by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 50,906 shares of the real estate investment trust’s stock valued at $695,000 after buying an additional 7,649 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Great Ajax Corp by 35.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 42,582 shares of the real estate investment trust’s stock valued at $565,000 after buying an additional 11,236 shares in the last quarter. Finally, FMR LLC increased its position in shares of Great Ajax Corp by 0.9% in the fourth quarter. FMR LLC now owns 1,558,726 shares of the real estate investment trust’s stock valued at $20,684,000 after buying an additional 13,313 shares in the last quarter. Institutional investors and hedge funds own 76.40% of the company’s stock.
About Great Ajax Corp
Great Ajax Corp. is an externally managed real estate company. The Company is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. Its segment is focused on non-performing mortgages and re-performing mortgages.
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