Great Ajax Corp Company Profile (NYSE:AJX)

About Great Ajax Corp (NYSE:AJX)

Great Ajax Corp logoGreat 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: REIT - Diversified
  • Sub-Industry: N/A
  • Symbol: NYSE:AJX
  • CUSIP: N/A
  • Web: www.great-ajax.com
Capitalization:
  • Market Cap: $251.84 million
  • Outstanding Shares: 18,170,000
Average Prices:
  • 50 Day Moving Avg: $13.53
  • 200 Day Moving Avg: $13.33
  • 52 Week Range: $12.61 - $14.48
P/E:
  • Trailing P/E Ratio: 8.50
  • Foreward P/E Ratio: 6.96
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $48.32 million
  • Price / Sales: 5.21
  • Book Value: $15.24 per share
  • Price / Book: 0.91
Dividend:
  • Annual Dividend: $1.00
  • Dividend Yield: 8.1%
Profitability:
  • Net Margins: 66.54%
  • Return on Equity: 11.53%
  • Return on Assets: 4.27%
Debt:
  • Debt-to-Equity Ratio: 1.48%
  • Current Ratio: 6.49%
  • Quick Ratio: 6.49%
Misc:
  • Average Volume: 61,536 shs.
  • Beta: 0.92
  • Short Ratio: 4
 

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 Thursday, April 20th. Shareholders of record on Tuesday, May 16th will be given a dividend of $0.28 per share on Tuesday, May 30th. This represents a $1.12 annualized dividend and a yield of 8.08%. The ex-dividend date is Friday, May 12th. This is an increase from Great Ajax Corp's previous quarterly dividend of $0.25. View Great Ajax Corp's Dividend History.

How were Great Ajax Corp's earnings last quarter?

Great Ajax Corp (NYSE:AJX) announced its quarterly earnings results on Tuesday, May, 2nd. The company reported $0.46 EPS for the quarter, missing the Zacks' consensus estimate of $0.47 by $0.01. The firm earned $13.67 million during the quarter, compared to the consensus estimate of $12.98 million. Great Ajax Corp had a net margin of 66.54% and a return on equity of 11.53%. View Great Ajax Corp's Earnings History.

Where is Great Ajax Corp's stock going? Where will Great Ajax Corp's stock price be in 2017?

5 brokers have issued 1 year price targets for Great Ajax Corp's stock. Their forecasts range from $14.00 to $18.00. On average, they expect Great Ajax Corp's share price to reach $15.58 in the next twelve months. 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. " (5/9/2017)
  • 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?

When did Great Ajax Corp IPO?

(AJX) raised $93 million in an initial public offering 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 many different of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (0.00%), American Financial Group Inc. (8.66%), FMR LLC (0.00%), State Treasurer State of Michigan (5.13%), Alliancebernstein L.P. (0.00%) and Vanguard Group Inc. (0.00%). 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 Renaissance Technologies LLC, Alliancebernstein L.P., JPMorgan Chase & Co., Martingale Asset Management L P, Morgan Stanley, Sterneck Capital Management LLC, First Trust Advisors LP and Menta Capital LLC. 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 purchased by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan, Vanguard Group Inc., Family Management Corp, Russell Investments Group Ltd., Bank of New York Mellon Corp, Bard Associates Inc. and American International Group Inc.. 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.

How much does a share of Great Ajax Corp stock cost?

One share of Great Ajax Corp stock can currently be purchased for approximately $13.86.

Analyst Ratings

Consensus Ratings for Great Ajax Corp (NYSE:AJX) (?)
Ratings Breakdown: 2 Hold Ratings, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.60)
Consensus Price Target: $15.58 (12.43% upside)

Analysts' Ratings History for Great Ajax Corp (NYSE:AJX)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/20/2017FBR & CoReiterated RatingBuyMediumView Rating Details
3/6/2017InstinetLower Price TargetNeutral$14.50 -> $14.00N/AView Rating Details
11/22/2016Raymond James Financial, Inc.Initiated CoverageOutperform$16.00N/AView Rating Details
11/9/2016NomuraDowngradeBuy -> Neutral$16.00 -> $14.50N/AView Rating Details
10/20/2016JMP SecuritiesInitiated CoverageMkt Outperform$16.00N/AView Rating Details
6/20/2016Piper Jaffray CompaniesInitiated CoverageOverweight$15.00N/AView Rating Details
5/16/2016Sterne Agee CRTReiterated RatingBuyN/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for Great Ajax Corp (NYSE:AJX)
Earnings by Quarter for Great Ajax Corp (NYSE:AJX)
Earnings History by Quarter for Great Ajax Corp (NYSE:AJX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/2/2017Q1$0.47$0.46$12.98 million$13.67 millionViewListenView Earnings Details
3/1/2017Q416$0.53$0.35$14.20 million$10.97 millionViewListenView Earnings Details
3/1/2016Q415$0.62$0.53$6.02 million$11.70 millionViewN/AView Earnings Details
11/2/2015Q315$0.54$0.50$11.69 million$10.81 millionViewN/AView Earnings Details
8/3/2015Q215$0.41$0.36$9.03 million$8.76 millionViewN/AView Earnings Details
5/4/2015Q115$0.35$0.28$7.09 billion$6.02 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Great Ajax Corp (NYSE:AJX)
2017 EPS Consensus Estimate: $1.85
2018 EPS Consensus Estimate: $1.96
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.45$0.45$0.45
Q2 20171$0.44$0.44$0.44
Q3 20171$0.47$0.47$0.47
Q4 20171$0.49$0.49$0.49
Q1 20181$0.47$0.47$0.47
Q2 20181$0.48$0.48$0.48
Q3 20181$0.49$0.49$0.49
Q4 20181$0.52$0.52$0.52
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Great Ajax Corp (NYSE:AJX)
Next Dividend:5/30/2017
Annual Dividend:$1.00
Dividend Yield:7.22%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:53.48% (Trailing 12 Months of Earnings)
52.91% (Based on This Year's Estimates)
50.25% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Great Ajax Corp (NYSE:AJX)

Dividend History by Quarter for Great Ajax Corp (NYSE:AJX)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/20/2017quarterly$0.288.48%5/12/20175/16/20175/30/2017
3/2/2017Quarterly$0.257.58%3/13/20173/15/20173/31/2017
11/2/2016quarterly$0.257.42%11/14/201611/16/201611/30/2016
8/3/2016quarterly$0.257.22%8/12/20168/16/20168/31/2016
4/26/2016quarterly$0.257.18%5/11/20165/13/20165/20/2016
3/2/2016quarterly$0.249.32%3/9/20163/11/20163/24/2016
11/3/2015quarterly$0.247.3%11/10/201511/13/201511/27/2015
8/5/2015quarterly$0.226.38%8/12/20158/14/20158/28/2015
5/5/2015special$0.185/13/20155/15/20155/29/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Great Ajax Corp (NYSE:AJX)
Insider Ownership Percentage: 3.80%
Institutional Ownership Percentage: 76.40%
Insider Trades by Quarter for Great Ajax Corp (NYSE:AJX)
Institutional Ownership by Quarter for Great Ajax Corp (NYSE:AJX)
Insider Trades by Quarter for Great Ajax Corp (NYSE:AJX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/5/2016Lawrence MendelsohnInsiderBuy8,000$12.64$101,120.00View SEC Filing  
6/13/2016Mary B DoyleCFOBuy4,271$13.10$55,950.10View SEC Filing  
6/10/2016Lawrence MendelsohnCEOBuy18,000$13.25$238,500.00View SEC Filing  
6/10/2016Russell SchaubPresidentBuy7,547$13.25$99,997.75View SEC Filing  
5/4/2016Mary B DoyleCFOBuy3,148$13.91$43,788.68View SEC Filing  
3/2/2016Jonathan Bradford Handley JrDirectorBuy10,000$10.22$102,200.00View SEC Filing  
12/9/2015Lawrence MendelsohnCEOBuy3,610$12.01$43,356.10View SEC Filing  
8/31/2015Russell SchaubPresidentBuy3,000$12.85$38,550.00View SEC Filing  
8/20/2015Lawrence MendelsohnCEOBuy1,000$13.30$13,300.00View SEC Filing  
5/13/2015Daniel Jay HoffmanDirectorBuy1,000$12.94$12,940.00View SEC Filing  
5/13/2015Lawrence MendelsohnCEOBuy2,000$12.97$25,940.00View SEC Filing  
5/12/2015Glenn J OhlCFOBuy1,000$13.69$13,690.00View SEC Filing  
5/12/2015Lawrence MendelsohnCEOBuy2,000$13.46$26,920.00View SEC Filing  
5/7/2015Daniel Jay HoffmanDirectorBuy1,000$13.77$13,770.00View SEC Filing  
5/6/2015Lawrence MendelsohnCEOBuy2,000$14.00$28,000.00View SEC Filing  
2/19/2015Lawrence MendelsohnCEOBuy80,000$14.25$1,140,000.00View SEC Filing  
2/19/2015Russell SchaubPresidentBuy72,000$14.25$1,026,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Great Ajax Corp (NYSE:AJX)
Latest Headlines for Great Ajax Corp (NYSE:AJX)
Source:
DateHeadline
americanbankingnews.com logoGreat Ajax Corp (AJX) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 22 at 4:04 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Rating Increased to Buy at Zacks Investment Research
www.americanbankingnews.com - May 9 at 11:03 PM
americanbankingnews.com logoGreat 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
americanbankingnews.com logoGreat Ajax Corp (AJX) Expected to Announce Quarterly Sales of $12.98 Million
www.americanbankingnews.com - May 5 at 2:00 PM
americanbankingnews.com logoQ2 2017 EPS Estimates for Great Ajax Corp Reduced by FBR & Co (AJX)
www.americanbankingnews.com - May 4 at 9:37 AM
americanbankingnews.com logoGreat Ajax Corp (AJX) Receiving Positive News Coverage, Analysis Shows
www.americanbankingnews.com - May 4 at 7:56 AM
americanbankingnews.com logo Analysts Anticipate Great Ajax Corp (AJX) to Announce $0.45 EPS
www.americanbankingnews.com - May 3 at 4:06 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Issues Earnings Results
www.americanbankingnews.com - May 3 at 3:54 PM
finance.yahoo.com logoGreat Ajax Corp. Announces Results for the Quarter Ended March 31, 2017
finance.yahoo.com - May 3 at 7:57 AM
finance.yahoo.com logoEdited Transcript of AJX earnings conference call or presentation 2-May-17 9:00pm GMT
finance.yahoo.com - May 3 at 7:57 AM
americanbankingnews.com logoGreat Ajax Corp (AJX) Raised to "Hold" at Zacks Investment Research
www.americanbankingnews.com - May 2 at 9:44 PM
marketbeat.com logoGreat Ajax misses 1Q profit forecasts
marketbeat.com - May 2 at 5:45 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Earning Favorable Press Coverage, AlphaOne Reports
www.americanbankingnews.com - May 1 at 11:42 AM
finance.yahoo.com logoGreat Ajax Corp. Schedules Its First Quarter 2017 Financial Results Release For Tuesday, May 2, 2017
finance.yahoo.com - April 26 at 8:39 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Earns News Sentiment Score of 0.27
www.americanbankingnews.com - April 26 at 2:15 PM
finance.yahoo.com logoGreat Ajax Corp. Announces Closing of Public Sale of Convertible Notes
finance.yahoo.com - April 26 at 7:10 AM
americanbankingnews.com logoGreat Ajax Corp (AJX) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - April 25 at 4:21 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Getting Positive Media Coverage, AlphaOne Reports
www.americanbankingnews.com - April 23 at 7:50 AM
americanbankingnews.com logoGreat Ajax Corp (AJX) Raises Dividend to $0.28 Per Share
www.americanbankingnews.com - April 20 at 6:17 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Given "Buy" Rating at FBR & Co
www.americanbankingnews.com - April 20 at 4:49 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Receives Daily News Impact Score of 0.47
www.americanbankingnews.com - April 20 at 12:40 PM
finance.yahoo.com logoGreat Ajax Corp. Announces Pricing of Public Offering of Convertible Notes
finance.yahoo.com - April 20 at 1:29 AM
streetinsider.com logoGreat Ajax Corp (AJX) to Offer $75M of Convertible Notes
www.streetinsider.com - April 19 at 8:26 PM
finance.yahoo.com logoGreat Ajax Corp. Announces First Quarter Dividend
finance.yahoo.com - April 19 at 8:26 PM
finance.yahoo.com logoGreat Ajax Corp. Announces Public Offering of Convertible Notes
finance.yahoo.com - April 19 at 8:26 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Receives Media Impact Rating of 0.15
www.americanbankingnews.com - April 16 at 7:30 AM
americanbankingnews.com logoGreat Ajax Corp (AJX) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - March 31 at 12:59 PM
seekingalpha.com logoGreat Ajax Corp's (AJX) CEO Larry Mendelsohn on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - March 3 at 8:41 PM
finance.yahoo.com logoEdited Transcript of AJX earnings conference call or presentation 1-Mar-17 10:00pm GMT
finance.yahoo.com - March 2 at 3:41 PM
us.rd.yahoo.com logoGreat Ajax Corp. Announces Results for the Quarter Ended December 31, 2016
us.rd.yahoo.com - March 2 at 1:28 AM
biz.yahoo.com logoQ4 2016 Great Ajax Corp Earnings Release - 4:00 pm ET
biz.yahoo.com - March 1 at 8:17 AM
finance.yahoo.com logoGreat Ajax Corp. Schedules Its Fourth Quarter and Year End 2016 Financial Results Release for Wednesday, March 1, 2017
finance.yahoo.com - February 23 at 8:28 PM
seekingalpha.com logoGreat Ajax Q3 - Operational Cash Flow Still Negative
seekingalpha.com - November 14 at 12:09 PM
finance.yahoo.com logoEdited Transcript of AJX earnings conference call or presentation 1-Nov-16 9:00pm GMT
finance.yahoo.com - November 2 at 12:34 PM
businesswire.com logoGreat Ajax Corp. Announces Results for the Quarter Ended September 30, 2016
www.businesswire.com - November 1 at 8:55 PM
biz.yahoo.com logoQ3 2016 Great Ajax Corp Earnings Release - After Market Close
biz.yahoo.com - November 1 at 9:17 AM
benzinga.com logoGreat Ajax Corp. Schedules Its Third Quarter 2016...
www.benzinga.com - October 29 at 3:24 PM
finance.yahoo.com logoGreat Ajax Corp. Schedules Its Third Quarter 2016 Financial Results Release For Tuesday, November 1, 2016
finance.yahoo.com - October 28 at 1:01 PM
biz.yahoo.com logoGREAT AJAX CORP. Files SEC form 8-K, Entry into a Material Definitive Agreement
biz.yahoo.com - October 4 at 8:11 AM
seekingalpha.com logoGreat Ajax: Negative Trends Continue, Waiting For Short Opportunity
seekingalpha.com - August 17 at 11:38 AM
finance.yahoo.com logoEdited Transcript of AJX earnings conference call or presentation 1-Mar-16 10:00pm GMT
finance.yahoo.com - August 10 at 3:45 PM
finance.yahoo.com logoEdited Transcript of AJX earnings conference call or presentation 3-May-16 9:00pm GMT
finance.yahoo.com - August 10 at 3:45 PM
finance.yahoo.com logoEdited Transcript of AJX earnings conference call or presentation 2-Aug-16 9:00pm GMT
finance.yahoo.com - August 10 at 3:45 PM
finance.yahoo.com logoGreat Ajax Corp. Schedules Its Second Quarter Financial Results Release For Tuesday, August 2, 2016
finance.yahoo.com - July 29 at 4:01 PM
seekingalpha.com logoGreat Ajax: Short In The Making
seekingalpha.com - July 22 at 11:36 AM
biz.yahoo.com logoGREAT AJAX CORP. Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - June 30 at 4:32 PM
seekingalpha.com logoThe Insider Report
seekingalpha.com - June 20 at 9:55 AM
finance.yahoo.com logoCoverage initiated on Great Ajax by Piper Jaffray
finance.yahoo.com - June 20 at 6:42 AM
biz.yahoo.com logoGREAT AJAX CORP. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
biz.yahoo.com - June 15 at 4:17 PM
streetinsider.com logoGreat Ajax Corp (AJX) Prices 2.27M Stock Offering for Proceeds of ~$30M
www.streetinsider.com - June 12 at 3:23 PM

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Chart

Great Ajax Corp (AJX) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff