Zacks: Analysts Expect Great Ajax Corp. (AJX) Will Announce Quarterly Sales of $13.82 Million

Brokerages forecast that Great Ajax Corp. (NYSE:AJX) will post sales of $13.82 million for the current quarter, Zacks reports. Two analysts have provided estimates for Great Ajax Corp.’s earnings. The highest sales estimate is $14.28 million and the lowest is $13.36 million. Great Ajax Corp. posted sales of $10.97 million in the same quarter last year, which suggests a positive year-over-year growth rate of 26%. The firm is scheduled to issue its next earnings report on Wednesday, March 7th.

On average, analysts expect that Great Ajax Corp. will report full-year sales of $13.82 million for the current financial year, with estimates ranging from $52.70 million to $55.28 million. For the next fiscal year, analysts anticipate that the company will post sales of $59.49 million per share, with estimates ranging from $54.66 million to $64.32 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Great Ajax Corp..

A number of analysts have recently commented on the company. B. Riley reaffirmed a “buy” rating on shares of Great Ajax Corp. in a research note on Wednesday, November 1st. BidaskClub raised Great Ajax Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Compass Point raised Great Ajax Corp. from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research raised Great Ajax Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.38.

Shares of Great Ajax Corp. (NYSE AJX) traded down $0.08 during mid-day trading on Friday, hitting $14.56. The stock had a trading volume of 24,000 shares, compared to its average volume of 51,378. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 2.03. The company has a market cap of $265.75 and a PE ratio of 9.45. Great Ajax Corp. has a one year low of $12.61 and a one year high of $15.40.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date of this dividend is Thursday, November 16th. Great Ajax Corp.’s dividend payout ratio (DPR) is currently 89.55%.

Large investors have recently added to or reduced their stakes in the business. American International Group Inc. boosted its position in Great Ajax Corp. by 8.3% during the 1st quarter. American International Group Inc. now owns 8,067 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 619 shares during the last quarter. Nationwide Fund Advisors boosted its position in Great Ajax Corp. by 16.3% during the 2nd quarter. Nationwide Fund Advisors now owns 9,600 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 1,347 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Great Ajax Corp. during the 2nd quarter worth approximately $192,000. Wealthsource Partners LLC acquired a new position in Great Ajax Corp. during the 2nd quarter worth approximately $214,000. Finally, Rhumbline Advisers boosted its position in Great Ajax Corp. by 15.6% during the 2nd quarter. Rhumbline Advisers now owns 17,933 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 2,415 shares during the last quarter. 74.93% of the stock is owned by hedge funds and other institutional investors.

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Great Ajax Corp. Company Profile

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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Earnings History and Estimates for Great Ajax Corp. (NYSE:AJX)

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