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.
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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