Alliancebernstein L.P. lowered its position in Great Ajax Corp. (NYSE:AJX) by 6.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 906,644 shares of the real estate investment trust’s stock after selling 66,304 shares during the period. Alliancebernstein L.P.’s holdings in Great Ajax Corp. were worth $11,832,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. American International Group Inc. raised its stake in Great Ajax Corp. by 8.3% in the first quarter. American International Group Inc. now owns 8,067 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 619 shares during the period. Russell Investments Group Ltd. acquired a new stake in Great Ajax Corp. during the fourth quarter worth approximately $163,000. Teachers Advisors LLC raised its stake in Great Ajax Corp. by 28.3% in the fourth quarter. Teachers Advisors LLC now owns 18,589 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 4,096 shares during the period. Menta Capital LLC raised its stake in Great Ajax Corp. by 41.1% in the fourth quarter. Menta Capital LLC now owns 22,086 shares of the real estate investment trust’s stock worth $293,000 after buying an additional 6,434 shares during the period. Finally, Bessemer Group Inc. raised its stake in Great Ajax Corp. by 135.0% in the fourth quarter. Bessemer Group Inc. now owns 33,600 shares of the real estate investment trust’s stock worth $446,000 after buying an additional 19,300 shares during the period. Institutional investors and hedge funds own 71.89% of the company’s stock.
Shares of Great Ajax Corp. (NYSE AJX) traded down 0.56% on Tuesday, reaching $14.15. The company’s stock had a trading volume of 1,402 shares. Great Ajax Corp. has a 52-week low of $12.61 and a 52-week high of $14.60. The firm has a 50 day moving average of $13.92 and a 200 day moving average of $13.41. The company has a market cap of $257.11 million, a PE ratio of 8.68 and a beta of 0.89.
Great Ajax Corp. (NYSE:AJX) last released its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.01. The firm had revenue of $13.67 million during the quarter, compared to analyst estimates of $12.98 million. Great Ajax Corp. had a net margin of 60.91% and a return on equity of 10.27%. Analysts predict that Great Ajax Corp. will post $1.89 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 30th. Investors of record on Tuesday, May 16th were issued a $0.28 dividend. This is a positive change from Great Ajax Corp.’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, May 12th. This represents a $1.12 annualized dividend and a yield of 7.87%. Great Ajax Corp.’s payout ratio is presently 68.71%.
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A number of research firms recently commented on AJX. Instinet decreased their price target on Great Ajax Corp. from $14.50 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, March 6th. Zacks Investment Research upgraded Great Ajax Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, FBR & Co reiterated a “buy” rating on shares of Great Ajax Corp. in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Great Ajax Corp. presently has a consensus rating of “Buy” and an average price target of $15.64.
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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