Rhumbline Advisers boosted its holdings in Great Ajax Corp. (NYSE:AJX) by 15.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,933 shares of the real estate investment trust’s stock after purchasing an additional 2,415 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of Great Ajax Corp. worth $251,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in AJX. Vanguard Group Inc. increased its stake in Great Ajax Corp. by 14.7% in the first quarter. Vanguard Group Inc. now owns 611,719 shares of the real estate investment trust’s stock valued at $7,983,000 after purchasing an additional 78,399 shares during the last quarter. Family Management Corp acquired a new position in Great Ajax Corp. in the first quarter valued at $496,000. Monarch Partners Asset Management LLC acquired a new position in Great Ajax Corp. in the second quarter valued at $451,000. Russell Investments Group Ltd. increased its stake in Great Ajax Corp. by 62.7% in the first quarter. Russell Investments Group Ltd. now owns 20,079 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 7,740 shares during the last quarter. Finally, Teachers Advisors LLC increased 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 valued at $247,000 after purchasing an additional 4,096 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.
AJX has been the subject of several analyst reports. Zacks Investment Research lowered Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub upgraded Great Ajax Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Compass Point initiated coverage on Great Ajax Corp. in a research note on Friday, September 29th. They issued a “neutral” rating and a $15.50 target price for the company. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $15.33.
Great Ajax Corp. (NYSE:AJX) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.09). Great Ajax Corp. had a net margin of 58.46% and a return on equity of 10.22%. The company had revenue of $13.11 million for the quarter, compared to the consensus estimate of $12.99 million.
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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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