Great Ajax Corp (NYSE:AJX) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 727,700 shares, a drop of 10.4% from the December 15th total of 812,100 shares. Currently, 4.3% of the shares of the company are short sold. Based on an average daily volume of 167,700 shares, the short-interest ratio is presently 4.3 days.
Several analysts recently weighed in on AJX shares. Zacks Investment Research cut Great Ajax from a “buy” rating to a “hold” rating in a report on Friday, November 8th. B. Riley restated a “buy” rating and set a $16.00 price objective on shares of Great Ajax in a research note on Monday, November 25th.
Great Ajax stock traded up $0.10 during mid-day trading on Tuesday, reaching $15.05. 2,075 shares of the company were exchanged, compared to its average volume of 123,005. The company has a fifty day simple moving average of $15.01 and a 200-day simple moving average of $14.84. Great Ajax has a 12 month low of $12.39 and a 12 month high of $15.96. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.79 and a quick ratio of 2.79. The firm has a market cap of $305.05 million, a PE ratio of 10.30 and a beta of 0.75.
Great Ajax (NYSE:AJX) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.04). Great Ajax had a return on equity of 8.04% and a net margin of 53.22%. The company had revenue of $15.32 million for the quarter, compared to the consensus estimate of $14.93 million. Sell-side analysts anticipate that Great Ajax will post 1.54 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. KG&L Capital Management LLC lifted its holdings in Great Ajax by 4.0% during the 4th quarter. KG&L Capital Management LLC now owns 92,322 shares of the real estate investment trust’s stock worth $1,367,000 after buying an additional 3,577 shares during the period. Metropolitan Life Insurance Co NY acquired a new position in Great Ajax during the 3rd quarter worth approximately $93,000. Squarepoint Ops LLC acquired a new position in Great Ajax during the 3rd quarter worth approximately $366,000. Zebra Capital Management LLC raised its stake in Great Ajax by 35.6% during the 3rd quarter. Zebra Capital Management LLC now owns 13,656 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 3,582 shares during the period. Finally, California State Teachers Retirement System raised its stake in Great Ajax by 5.4% during the 3rd quarter. California State Teachers Retirement System now owns 25,938 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 1,339 shares during the period. Institutional investors own 71.89% of the company’s stock.
About Great Ajax
Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. The company elected to be taxed as a real estate investment trust for U.S.
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