The Manufacturers Life Insurance Company boosted its position in Great Ajax Corp. (NYSE:AJX) by 31.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 17,977 shares of the real estate investment trust’s stock after acquiring an additional 4,260 shares during the period. The Manufacturers Life Insurance Company owned about 0.10% of Great Ajax worth $252,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. American International Group Inc. boosted its holdings in shares of Great Ajax by 8.3% in the 1st quarter. American International Group Inc. now owns 8,067 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 619 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Great Ajax by 16.3% in the 2nd quarter. Nationwide Fund Advisors now owns 9,600 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 1,347 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Great Ajax in the 2nd quarter valued at $192,000. Rhumbline Advisers boosted its holdings in shares of Great Ajax by 15.6% in the 2nd quarter. Rhumbline Advisers now owns 17,933 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 2,415 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Great Ajax by 32.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 20,543 shares of the real estate investment trust’s stock valued at $287,000 after purchasing an additional 5,022 shares during the last quarter. 71.42% of the stock is owned by hedge funds and other institutional investors.
Great Ajax Corp. (AJX) opened at $14.39 on Thursday. 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 firm has a market cap of $263.01, a price-to-earnings ratio of 9.30 and a beta of 0.86. Great Ajax Corp. has a 1-year low of $12.72 and a 1-year high of $15.40.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, November 16th. This represents a $1.20 annualized dividend and a dividend yield of 8.34%. Great Ajax’s payout ratio is 78.43%.
A number of equities analysts have weighed in on the stock. B. Riley reiterated a “buy” rating on shares of Great Ajax in a report on Wednesday, November 1st. BidaskClub upgraded shares of Great Ajax from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of Great Ajax from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a report on Tuesday, October 3rd. Finally, Compass Point started coverage on shares of Great Ajax in a report on Friday, September 29th. They set a “neutral” rating and a $15.50 target price on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Great Ajax has an average rating of “Buy” and a consensus target price of $15.17.
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Great Ajax 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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