Great Ajax Corp. (NYSE:AJX - Get Free Report ) declared a quarterly dividend on Monday, May 6th, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.06 per share by the real estate investment trust on Thursday, May 30th. This represents a $0.24 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend is Tuesday, May 14th.
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Great Ajax has a payout ratio of 88.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Analysts expect Great Ajax to earn $0.45 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 88.9%.
Great Ajax Stock Performance AJX traded down $0.08 on Monday, hitting $3.55. The company had a trading volume of 138,886 shares, compared to its average volume of 156,923. Great Ajax has a 1-year low of $3.30 and a 1-year high of $7.20. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.99 and a quick ratio of 1.99. The company's fifty day moving average price is $3.77 and its 200 day moving average price is $4.54. The stock has a market cap of $131.31 million, a price-to-earnings ratio of -0.87 and a beta of 1.87.
Great Ajax (NYSE:AJX - Get Free Report ) last released its quarterly earnings results on Monday, February 26th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.28). The business had revenue of $17.66 million for the quarter, compared to the consensus estimate of $5.65 million. Equities analysts predict that Great Ajax will post 0.02 earnings per share for the current fiscal year.
Analysts Set New Price Targets Several brokerages have recently weighed in on AJX. StockNews.com lowered Great Ajax from a "hold" rating to a "sell" rating in a report on Monday, March 25th. B. Riley restated a "buy" rating and issued a $6.00 price objective (down previously from $8.00) on shares of Great Ajax in a research note on Thursday, March 21st. Finally, JMP Securities lowered shares of Great Ajax from an "outperform" rating to a "market perform" rating in a research report on Friday, January 12th.
Read Our Latest Research Report on AJX
About Great Ajax (
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Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties.
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