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. It also invests in loans secured by multi-family residential and commercial mixed use retail/residential properties, as well as in the properties directly. It also holds real estate-owned properties (REO) acquired upon the foreclosure or other settlement of its owned non-performing loans, as well as through outright purchases. It is managed by Thetis Asset Management LLC, an affiliated entity. Its mortgage loans and other real estate assets are serviced by Gregory Funding LLC, an affiliated entity. The Company conducts its business through its operating partnership, Great Ajax Operating Partnership L.P.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Mortgage REITs
- Sub-Industry: N/A
- Symbol: NYSE:AJX
- CUSIP: N/A
- Web: www.great-ajax.com
- Market Cap: $259.12 million
- Outstanding Shares: 17,624,000
- 50 Day Moving Avg: $14.00
- 200 Day Moving Avg: $14.00
- 52 Week Range: $12.61 - $14.32
Sales & Book Value:
- Trailing P/E Ratio: 9.16
- Foreward P/E Ratio: 7.68
- P/E Growth: 0.00
- Annual Revenue: $50.65 million
- Price / Sales: 4.94
- Book Value: $15.51 per share
- Price / Book: 0.92
- Annual Dividend: $1.20
- Dividend Yield: 8.5%
- Net Margins: 58.46%
- Return on Equity: 10.22%
- Return on Assets: 3.02%
- Debt-to-Equity Ratio: 2.07%
- Current Ratio: 4.44%
- Quick Ratio: 4.44%
- Average Volume: 55,200 shs.
- Beta: 0.87
- Short Ratio: 5.38
Frequently Asked Questions for Great Ajax Corp. (NYSE:AJX)
What is Great Ajax Corp.'s stock symbol?
Great Ajax Corp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "AJX."
How often does Great Ajax Corp. pay dividends? What is the dividend yield for Great Ajax Corp.?
Great Ajax Corp. announced a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.30 per share on Wednesday, August 30th. This represents a $1.20 annualized dividend and a dividend yield of 8.45%. The ex-dividend date of this dividend is Friday, August 11th. This is an increase from Great Ajax Corp.'s previous quarterly dividend of $0.28. View Great Ajax Corp.'s Dividend History.
How were Great Ajax Corp.'s earnings last quarter?
Great Ajax Corp. (NYSE:AJX) released its earnings results on Tuesday, August, 1st. The company reported $0.36 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.45 by $0.09. The business earned $13.11 million during the quarter, compared to analysts' expectations of $12.99 million. Great Ajax Corp. had a return on equity of 10.22% and a net margin of 58.46%. View Great Ajax Corp.'s Earnings History.
When will Great Ajax Corp. make its next earnings announcement?
Where is Great Ajax Corp.'s stock going? Where will Great Ajax Corp.'s stock price be in 2017?
4 analysts have issued 12 month price targets for Great Ajax Corp.'s stock. Their forecasts range from $14.00 to $16.00. On average, they anticipate Great Ajax Corp.'s share price to reach $15.13 in the next year. View Analyst Ratings for Great Ajax Corp..
What are analysts saying about Great Ajax Corp. stock?
Here are some recent quotes from research analysts about Great Ajax Corp. stock:
- 1. According to Zacks Investment Research, "Great Ajax Corp. is a real estate investment trust which acquires, invests and manages a portfolio of mortgage loans secured by single- family residences and single-family properties. The company invest in loans secured by multi-family residential and commercial mixed use retail/residential properties. It also hold real-estate owned properties acquired upon the foreclosure, other settlement of our owned non-performing loans. Great Ajax Corp. is based in Beaverton, Oregon. " (8/23/2017)
- 2. FBR & Co analysts commented, "We are reiterating our Outperform rating and $18 price target on shares of Great Ajax after the company reported 4Q16 EPS of $0.33, compared to our $0.52 estimate. Adjusted for two special items, earnings would have been in the mid- forty cents range, still missing estimates due to lower revenue than anticipated. Earnings aside, this was a strong operating quarter for the company as it continues to acquire loans at lower-than-market prices and a brisk pace, which should support earnings growth over the next several quarters. Overall, we remain strong buyers of Great Ajax, especially as the shares currently trade at a 29% discount to NAV despite strong fundamentals and the prospect of near-term earnings growth." (3/8/2017)
- 3. Instinet analysts commented, "We are again reducing our operating EPS estimates at Great Ajax, which unfortunately has become something of a pattern. AJX is working on several new initiatives that should free material amounts of capital, but none signal the company is becoming more predictable from a GAAP earnings perspective. We see these opportunities generating sporadic, albeit material gains; but, ones we will exclude from our estimates unless they prove to be more consistent than expected." (3/6/2017)
Who are some of Great Ajax Corp.'s key competitors?
Who are Great Ajax Corp.'s key executives?
Great Ajax Corp.'s management team includes the folowing people:
- Lawrence A. Mendelsohn Ph.D., Chairman of the Board, Chief Executive Officer; Manager of Thetis Asset Management LLC
- Russell Schaub, President, Director; Vice President and Chief Operating Officer of Gregory Funding LLC
- Mary Doyle, Chief Financial Officer; Chief Financial Officer of Thetis Asset Management LLC and Gregory Funding LLC
- Steven L. Begleiter, Director
- John C. Condas J.D., Independent Director
- Paul M. Friedman, Independent Director
- Jonathan Bradford Handley Jr., Independent Director
- J. Kirk Ogren Jr., Independent Director
When did Great Ajax Corp. IPO?
(AJX) raised $93 million in an IPO on Friday, February 13th 2015. The company issued 5,800,000 shares at a price of $15.00-$17.00 per share. FBR, Sterne Agee and Nomura acted as the underwriters for the IPO and Ladenburg Thalmann and MLV were co-managers.
Who owns Great Ajax Corp. stock?
Great Ajax Corp.'s stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (9.56%), American Financial Group Inc. (8.65%), State Treasurer State of Michigan (5.12%), Alliancebernstein L.P. (4.55%), Vanguard Group Inc. (3.48%) and State Street Corp (1.21%). Company insiders that own Great Ajax Corp. stock include Jonathan Bradford Handley Jr, Lawrence Mendelsohn, Mary B Doyle and Russell Schaub. View Institutional Ownership Trends for Great Ajax Corp..
Who sold Great Ajax Corp. stock? Who is selling Great Ajax Corp. stock?
Great Ajax Corp.'s stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Martingale Asset Management L P, TIAA CREF Investment Management LLC, California State Teachers Retirement System, Royal Bank of Canada, First Trust Advisors LP, Bard Associates Inc. and New York State Common Retirement Fund. View Insider Buying and Selling for Great Ajax Corp..
Who bought Great Ajax Corp. stock? Who is buying Great Ajax Corp. stock?
Great Ajax Corp.'s stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Ares Management LLC, Family Management Corp, Monarch Partners Asset Management LLC, State Street Corp, Northern Trust Corp, Vanguard Group Inc. and Wealthsource Partners LLC. Company insiders that have bought Great Ajax Corp. stock in the last two years include Jonathan Bradford Handley Jr, Lawrence Mendelsohn, Mary B Doyle and Russell Schaub. View Insider Buying and Selling for Great Ajax Corp..
How do I buy Great Ajax Corp. stock?
Shares of Great Ajax Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Great Ajax Corp.'s stock price today?
MarketBeat Community Rating for Great Ajax Corp. (NYSE AJX)MarketBeat's community ratings are surveys of what our community members think about Great Ajax Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Great Ajax Corp. stock can currently be purchased for approximately $14.20.
Consensus Ratings for Great Ajax Corp. (NYSE:AJX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$15.13 (6.51% upside)|
Analysts' Ratings History for Great Ajax Corp. (NYSE:AJX)
(Data available from 9/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|4/20/2017||FBR & Co||Reiterated Rating||Buy||Medium|
|3/6/2017||Instinet||Lower Price Target||Neutral||$14.50 -> $14.00||N/A|
|11/22/2016||Raymond James Financial, Inc.||Initiated Coverage||Outperform||$16.00||N/A|
|11/9/2016||Nomura||Downgrade||Buy -> Neutral||$16.00 -> $14.50||N/A|
|10/20/2016||JMP Securities||Initiated Coverage||Mkt Outperform||$16.00||N/A|
|6/20/2016||Piper Jaffray Companies||Initiated Coverage||Overweight||$15.00||N/A|
|5/16/2016||Sterne Agee CRT||Reiterated Rating||Buy||N/A|
Earnings History for Great Ajax Corp. (NYSE:AJX)Earnings History by Quarter for Great Ajax Corp. (NYSE AJX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/7/2017|| || || || || || || || |
|8/1/2017||Q2 2017||$0.45||$0.36||$12.99 million||$13.11 million||View||Listen|
|5/2/2017||Q1||$0.47||$0.46||$12.98 million||$13.67 million||View||Listen|
|3/1/2017||Q416||$0.53||$0.35||$14.20 million||$10.97 million||View||Listen|
|3/1/2016||Q415||$0.62||$0.53||$6.02 million||$11.70 million||View||N/A|
|11/2/2015||Q315||$0.54||$0.50||$11.69 million||$10.81 million||View||N/A|
|8/3/2015||Q215||$0.41||$0.36||$9.03 million||$8.76 million||View||N/A|
|5/4/2015||Q115||$0.35||$0.28||$7.09 billion||$6.02 million||View||N/A|
Earnings Estimates for Great Ajax Corp. (NYSE:AJX)
2017 EPS Consensus Estimate: $1.85
2018 EPS Consensus Estimate: $1.96
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Great Ajax Corp. (NYSE:AJX)
|Most Recent Dividend:||8/30/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||76.43% (Trailing 12 Months of Earnings) |
69.36% (Based on This Year's Estimates)
64.86% (Based on Next Year's Estimates)
Dividend History by Quarter for Great Ajax Corp. (NYSE AJX)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Great Ajax Corp. (NYSE:AJX)
Insider Ownership Percentage: 3.80%Insider Trades by Quarter for Great Ajax Corp. (NYSE:AJX)
Institutional Ownership Percentage: 75.26%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|12/5/2016||Lawrence Mendelsohn||Insider||Buy||8,000||$12.64||$101,120.00|| |
|6/13/2016||Mary B Doyle||CFO||Buy||4,271||$13.10||$55,950.10|| |
|6/10/2016||Lawrence Mendelsohn||CEO||Buy||18,000||$13.25||$238,500.00|| |
|6/10/2016||Russell Schaub||President||Buy||7,547||$13.25||$99,997.75|| |
|5/4/2016||Mary B Doyle||CFO||Buy||3,148||$13.91||$43,788.68|| |
|3/2/2016||Jonathan Bradford Handley Jr||Director||Buy||10,000||$10.22||$102,200.00|| |
|12/9/2015||Lawrence Mendelsohn||CEO||Buy||3,610||$12.01||$43,356.10|| |
|8/31/2015||Russell Schaub||President||Buy||3,000||$12.85||$38,550.00|| |
|8/20/2015||Lawrence Mendelsohn||CEO||Buy||1,000||$13.30||$13,300.00|| |
|5/13/2015||Daniel Jay Hoffman||Director||Buy||1,000||$12.94||$12,940.00|| |
|5/13/2015||Lawrence Mendelsohn||CEO||Buy||2,000||$12.97||$25,940.00|| |
|5/12/2015||Glenn J Ohl||CFO||Buy||1,000||$13.69||$13,690.00|| |
|5/12/2015||Lawrence Mendelsohn||CEO||Buy||2,000||$13.46||$26,920.00|| |
|5/7/2015||Daniel Jay Hoffman||Director||Buy||1,000||$13.77||$13,770.00|| |
|5/6/2015||Lawrence Mendelsohn||CEO||Buy||2,000||$14.00||$28,000.00|| |
|2/19/2015||Lawrence Mendelsohn||CEO||Buy||80,000||$14.25||$1,140,000.00|| |
|2/19/2015||Russell Schaub||President||Buy||72,000||$14.25||$1,026,000.00|| |
Headline Trends for Great Ajax Corp. (NYSE:AJX)
Latest Headlines for Great Ajax Corp. (NYSE:AJX)
|Great Ajax Corp. (AJX) versus Its Peers Head-To-Head Contrast|
www.americanbankingnews.com - September 18 at 8:34 PM
|Reviewing Great Ajax Corp. (AJX) and Orchid Island Capital (ORC)|
www.americanbankingnews.com - September 18 at 4:30 PM
|Great Ajax Corp. (AJX) vs. The Competition Head-To-Head Survey|
www.americanbankingnews.com - September 15 at 2:14 AM
|Zacks: Brokerages Anticipate Great Ajax Corp. (AJX) to Post $0.46 EPS|
www.americanbankingnews.com - September 13 at 2:32 PM
|Great Ajax Corp. (AJX) vs. STARWOOD PROPERTY TRUST, INC. (STWD) Financial Comparison|
www.americanbankingnews.com - September 9 at 6:22 PM
|Critical Survey: Great Ajax Corp. (AJX) versus Cherry Hill Mortgage Investment Corporation (CHMI)|
www.americanbankingnews.com - September 4 at 10:12 PM
|Great Ajax Corp. (AJX) Receives Average Rating of "Buy" from Analysts|
www.americanbankingnews.com - August 30 at 8:56 PM
|Analyzing Great Ajax Corp. (AJX) & Apollo Commercial Real Estate Finance (ARI)|
www.americanbankingnews.com - August 30 at 8:16 PM
|$14.63 Million in Sales Expected for Great Ajax Corp. (AJX) This Quarter|
www.americanbankingnews.com - August 28 at 8:00 AM
|Great Ajax Corp. (AJX) Upgraded to Hold at Zacks Investment Research|
www.americanbankingnews.com - August 23 at 7:46 PM
|Contrasting Granite Point Mortgage Trust (GPMT) and Great Ajax Corp. (AJX)|
www.americanbankingnews.com - August 18 at 6:14 PM
|Great Ajax Corp. (NYSE:AJX) versus Ellington Residential Mortgage REIT (EARN) Head to Head Review|
www.americanbankingnews.com - August 12 at 2:26 PM
|Zacks: Analysts Anticipate Great Ajax Corp. (NYSE:AJX) Will Announce Quarterly Sales of $13.56 Million|
www.americanbankingnews.com - August 9 at 7:20 AM
| Analysts Anticipate Great Ajax Corp. (AJX) to Announce $0.46 Earnings Per Share|
www.americanbankingnews.com - August 7 at 4:26 PM
|Great Ajax Corp. (AJX) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - August 5 at 8:56 PM
|Great Ajax Corp. (AJX) Stock Rating Lowered by Zacks Investment Research|
www.americanbankingnews.com - August 3 at 7:20 PM
|Great Ajax Corp. (NYSE:AJX) Increases Dividend to $0.30 Per Share|
www.americanbankingnews.com - August 3 at 12:10 PM
|Great Ajax Corp. (NYSE:AJX) Posts Quarterly Earnings Results, Misses Estimates By $0.09 EPS|
www.americanbankingnews.com - August 2 at 5:40 PM
|Great Ajax's (AJX) CEO Larry Mendelsohn on Q2 2017 Results - Earnings Call Transcript|
seekingalpha.com - August 2 at 3:35 PM
|Edited Transcript of AJX earnings conference call or presentation 1-Aug-17 9:00pm GMT|
finance.yahoo.com - August 2 at 3:35 PM
|Great Ajax misses 2Q profit forecasts|
finance.yahoo.com - August 1 at 9:39 PM
|Investor Network: Great Ajax Corp. to Host Earnings Call|
finance.yahoo.com - August 1 at 4:39 PM
|Great Ajax Corp. Announces Results for the Quarter Ended June 30, 2017|
finance.yahoo.com - August 1 at 4:39 PM
|Great Ajax Corp. (AJX) to Release Earnings on Tuesday|
www.americanbankingnews.com - July 27 at 10:07 AM
|Great Ajax Corp. Schedules Its Second Quarter 2017 Financial Results Release For Tuesday, August 1, 2017|
finance.yahoo.com - July 26 at 8:42 PM
|Great Ajax’s Dividend Performance|
finance.yahoo.com - July 26 at 3:42 PM
|Zacks: Analysts Expect Great Ajax Corp. (NYSE:AJX) Will Announce Quarterly Sales of $12.98 Million|
www.americanbankingnews.com - July 20 at 2:37 PM
|$0.45 EPS Expected for Great Ajax Corp. (NYSE:AJX) This Quarter|
www.americanbankingnews.com - July 18 at 1:17 PM
|Great Ajax Corp. (AJX) Receives Consensus Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - July 11 at 8:50 PM
|Great Ajax Corp. (NYSE:AJX) Rating Lowered to Hold at Zacks Investment Research|
www.americanbankingnews.com - July 4 at 8:28 PM
|Zacks: Analysts Anticipate Great Ajax Corp. (AJX) Will Announce Quarterly Sales of $12.98 Million|
www.americanbankingnews.com - June 24 at 9:52 AM
|Great Ajax Corp. (AJX) Expected to Post Earnings of $0.45 Per Share|
www.americanbankingnews.com - June 22 at 9:00 AM
|Great Ajax Corp. (AJX) Receives Average Recommendation of "Buy" from Brokerages|
www.americanbankingnews.com - June 16 at 6:32 PM
|Analyzing Great Ajax Corp (AJX) & Dynex Capital (DX)|
www.americanbankingnews.com - June 10 at 2:46 PM
|$12.98 Million in Sales Expected for Great Ajax Corp (AJX) This Quarter|
www.americanbankingnews.com - May 31 at 3:16 PM
| Brokerages Expect Great Ajax Corp (AJX) Will Post Earnings of $0.46 Per Share|
www.americanbankingnews.com - May 29 at 8:48 AM
|Great Ajax Corp (AJX) Given Consensus Rating of "Buy" by Brokerages|
www.americanbankingnews.com - May 22 at 4:04 PM
|Great Ajax Corp (AJX) Rating Increased to Buy at Zacks Investment Research|
www.americanbankingnews.com - May 9 at 11:03 PM
|Great Ajax Corp to Post Q4 2017 Earnings of $0.49 Per Share, FBR & Co Forecasts (AJX)|
www.americanbankingnews.com - May 5 at 4:16 PM
|Great Ajax Corp (AJX) Expected to Announce Quarterly Sales of $12.98 Million|
www.americanbankingnews.com - May 5 at 2:00 PM
|Q2 2017 EPS Estimates for Great Ajax Corp Reduced by FBR & Co (AJX)|
www.americanbankingnews.com - May 4 at 9:37 AM
|Great Ajax Corp (AJX) Receiving Positive News Coverage, Analysis Shows|
www.americanbankingnews.com - May 4 at 7:56 AM
| Analysts Anticipate Great Ajax Corp (AJX) to Announce $0.45 EPS|
www.americanbankingnews.com - May 3 at 4:06 PM
|Great Ajax Corp (AJX) Issues Earnings Results|
www.americanbankingnews.com - May 3 at 3:54 PM
|Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2017|
finance.yahoo.com - May 3 at 7:57 AM
|Edited Transcript of AJX earnings conference call or presentation 2-May-17 9:00pm GMT|
finance.yahoo.com - May 3 at 7:57 AM
|Great Ajax Corp (AJX) Raised to "Hold" at Zacks Investment Research|
www.americanbankingnews.com - May 2 at 9:44 PM
|Great Ajax misses 1Q profit forecasts|
marketbeat.com - May 2 at 5:45 PM
|Great Ajax Corp (AJX) Earning Favorable Press Coverage, AlphaOne Reports|
www.americanbankingnews.com - May 1 at 11:42 AM
|Great Ajax Corp. Schedules Its First Quarter 2017 Financial Results Release For Tuesday, May 2, 2017|
finance.yahoo.com - April 26 at 8:39 PM
Great Ajax Corp. (AJX) Chart for Sunday, September, 24, 2017