Zacks: Analysts Anticipate Great Ajax Corp. (NYSE:AJX) to Announce $0.36 Earnings Per Share

Equities analysts expect Great Ajax Corp. (NYSE:AJX) to announce earnings of $0.36 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Great Ajax’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.25. Great Ajax posted earnings per share of $0.23 during the same quarter last year, which suggests a positive year over year growth rate of 56.5%. The company is expected to issue its next quarterly earnings report on Thursday, November 4th.

On average, analysts expect that Great Ajax will report full-year earnings of $1.49 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.67. For the next year, analysts forecast that the business will report earnings of $1.56 per share, with EPS estimates ranging from $1.15 to $1.80. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Great Ajax.

Great Ajax (NYSE:AJX) last posted its quarterly earnings results on Wednesday, August 4th. The real estate investment trust reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.11. Great Ajax had a return on equity of 10.54% and a net margin of 62.49%.

Several analysts recently commented on the company. Zacks Investment Research upgraded Great Ajax from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a report on Tuesday, August 10th. Raymond James boosted their price target on Great Ajax from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, May 21st. Compass Point assumed coverage on Great Ajax in a research note on Wednesday, June 30th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, B. Riley boosted their price target on Great Ajax from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, August 17th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $16.80.

NYSE AJX traded up $0.03 during trading on Wednesday, hitting $13.60. 253 shares of the company’s stock were exchanged, compared to its average volume of 83,771. The company has a market cap of $311.85 million, a PE ratio of 9.98 and a beta of 1.80. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 1.98. The stock’s 50 day moving average price is $13.40 and its two-hundred day moving average price is $12.63. Great Ajax has a fifty-two week low of $7.57 and a fifty-two week high of $14.27.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Monday, August 16th were issued a $0.21 dividend. The ex-dividend date was Friday, August 13th. This represents a $0.84 annualized dividend and a dividend yield of 6.18%. This is a boost from Great Ajax’s previous quarterly dividend of $0.19. Great Ajax’s dividend payout ratio (DPR) is presently 90.32%.

Large investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its holdings in shares of Great Ajax by 24.6% during the 2nd quarter. Morgan Stanley now owns 67,898 shares of the real estate investment trust’s stock valued at $881,000 after buying an additional 13,409 shares in the last quarter. Wells Fargo & Company MN grew its position in Great Ajax by 493.7% during the 2nd quarter. Wells Fargo & Company MN now owns 156,790 shares of the real estate investment trust’s stock worth $2,035,000 after acquiring an additional 130,382 shares during the last quarter. Prudential Financial Inc. grew its position in Great Ajax by 55.9% during the 2nd quarter. Prudential Financial Inc. now owns 68,636 shares of the real estate investment trust’s stock worth $891,000 after acquiring an additional 24,600 shares during the last quarter. Squarepoint Ops LLC grew its position in Great Ajax by 27.2% during the 2nd quarter. Squarepoint Ops LLC now owns 16,973 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 3,627 shares during the last quarter. Finally, State Street Corp grew its position in shares of Great Ajax by 4.5% in the 2nd quarter. State Street Corp now owns 356,610 shares of the real estate investment trust’s stock worth $4,629,000 after buying an additional 15,241 shares during the last quarter. 70.15% of the stock is currently owned by hedge funds and other institutional investors.

About Great Ajax

Great Ajax Corp. operates as a real estate investment trust. The firm acquires, invests and manages a portfolio of mortgage loans secured by single-family residences and single-family properties. It holds real-estate owned properties acquired upon the foreclosure, other settlement of owned non-performing loans, or that acquires in the market.

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Earnings History and Estimates for Great Ajax (NYSE:AJX)

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