Media stories about Great Ajax Corp. (NYSE:AJX) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Great Ajax Corp. earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 47.1009192657155 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research firms recently issued reports on AJX. BidaskClub raised Great Ajax Corp. from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research lowered Great Ajax Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, FBR & Co reaffirmed a “buy” rating on shares of Great Ajax Corp. in a research report on Thursday, April 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Great Ajax Corp. has an average rating of “Hold” and a consensus target price of $15.30.
Great Ajax Corp. (NYSE AJX) traded up 0.56% on Friday, hitting $14.28. The stock had a trading volume of 98,201 shares. The firm’s 50-day moving average price is $14.09 and its 200-day moving average price is $13.60. Great Ajax Corp. has a 1-year low of $12.61 and a 1-year high of $15.40. The firm has a market cap of $251.67 million, a P/E ratio of 9.10 and a beta of 0.88.
Great Ajax Corp. (NYSE:AJX) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by $0.09. The company had revenue of $13.11 million for the quarter, compared to analyst estimates of $12.99 million. Great Ajax Corp. had a net margin of 58.46% and a return on equity of 10.22%. On average, equities research analysts predict that Great Ajax Corp. will post $1.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, August 11th. This represents a $1.20 dividend on an annualized basis and a yield of 8.40%. This is an increase from Great Ajax Corp.’s previous quarterly dividend of $0.28. Great Ajax Corp.’s payout ratio is 71.34%.
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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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