About Great Ajax Corp. (NYSE:AJX)
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
Capitalization:- Market Cap: $265.15 million
- Outstanding Shares: 17,624,000
Average Prices:- 50 Day Moving Avg: $14.21
- 200 Day Moving Avg: $13.97
- 52 Week Range: $12.61 - $15.40
P/E:- Trailing P/E Ratio: 9.25
- Foreward P/E Ratio: 7.85
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: $50.65 million
- Price / Sales: 5.05
- Book Value: $15.51 per share
- Price / Book: 0.94
Dividend:- Annual Dividend: $1.20
- Dividend Yield: 8.3%
Profitability:- Net Margins: 58.46%
- Return on Equity: 10.22%
- Return on Assets: 3.02%
Debt:- Debt-to-Equity Ratio: 2.07%
- Current Ratio: 4.44%
- Quick Ratio: 4.44%
Misc:- Average Volume: 56,377 shs.
- Beta: 0.86
- 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. declared a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.30 per share on Wednesday, August 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date 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 (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.09. The firm had revenue of $13.11 million for the quarter, compared to analysts' expectations of $12.99 million. Great Ajax Corp. had a net margin of 58.46% and a return on equity of 10.22%. 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?
5 analysts have issued 12-month target prices for Great Ajax Corp.'s shares. Their forecasts range from $14.00 to $16.00. On average, they anticipate Great Ajax Corp.'s share price to reach $15.20 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. " (10/3/2017)
- 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 initial public offering (IPO) on Friday, February 13th 2015. The company issued 5,800,000 shares at $15.00-$17.00 per share. FBR, Sterne Agee and Nomura served as the underwriters for the IPO and Ladenburg Thalmann and MLV were co-managers.
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?
One share of Great Ajax Corp. stock can currently be purchased for approximately $14.52.
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.
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: | 3 Hold Ratings, 2 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.40) |
| Consensus Price Target: | $15.20 (4.68% upside) |
Consensus Price Target History for Great Ajax Corp. (NYSE:AJX)
Analysts' Ratings History for Great Ajax Corp. (NYSE:AJX)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/29/2017 | Compass Point | Initiated Coverage | Neutral -> Neutral | $15.50 | Low |  |
| 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 | |
(Data available from 10/19/2015 forward)
Earnings History for Great Ajax Corp. (NYSE:AJX)Earnings History by Quarter for Great Ajax Corp. (NYSE AJX)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/30/2017 | | $0.45 | | | | | N/A | |
| 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 | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Great Ajax Corp. (NYSE:AJX)2017 EPS Consensus Estimate: $1.85
2018 EPS Consensus Estimate: $1.96
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.45 | $0.45 | $0.45 |
| Q2 2017 | 1 | $0.44 | $0.44 | $0.44 |
| Q3 2017 | 1 | $0.47 | $0.47 | $0.47 |
| Q4 2017 | 1 | $0.49 | $0.49 | $0.49 |
| Q1 2018 | 1 | $0.47 | $0.47 | $0.47 |
| Q2 2018 | 1 | $0.48 | $0.48 | $0.48 |
| Q3 2018 | 1 | $0.49 | $0.49 | $0.49 |
| Q4 2018 | 1 | $0.52 | $0.52 | $0.52 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Great Ajax Corp. (NYSE:AJX)| Most Recent Dividend: | 8/30/2017 |
| Annual Dividend: | $1.20 |
| Dividend Yield: | 8.26% |
| 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)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/2/2017 | Quarterly | $0.30 | 8.61% | 8/11/2017 | 8/15/2017 | 8/30/2017 |
| 4/20/2017 | quarterly | $0.28 | 8.48% | 5/12/2017 | 5/16/2017 | 5/30/2017 |
| 3/2/2017 | Quarterly | $0.25 | 7.58% | 3/13/2017 | 3/15/2017 | 3/31/2017 |
| 11/2/2016 | quarterly | $0.25 | 7.42% | 11/14/2016 | 11/16/2016 | 11/30/2016 |
| 8/3/2016 | quarterly | $0.25 | 7.22% | 8/12/2016 | 8/16/2016 | 8/31/2016 |
| 4/26/2016 | quarterly | $0.25 | 7.18% | 5/11/2016 | 5/13/2016 | 5/20/2016 |
| 3/2/2016 | quarterly | $0.24 | 9.32% | 3/9/2016 | 3/11/2016 | 3/24/2016 |
| 11/3/2015 | quarterly | $0.24 | 7.3% | 11/10/2015 | 11/13/2015 | 11/27/2015 |
| 8/5/2015 | quarterly | $0.22 | 6.38% | 8/12/2015 | 8/14/2015 | 8/28/2015 |
| 5/5/2015 | special | $0.18 | | 5/13/2015 | 5/15/2015 | 5/29/2015 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Great Ajax Corp. (NYSE:AJX)Insider Ownership Percentage: 3.80%
Institutional Ownership Percentage: 75.26%
Insider Trades by Quarter for Great Ajax Corp. (NYSE:AJX)| 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 | |
(Data available from 1/1/2013 forward)
Headline Trends for Great Ajax Corp. (NYSE:AJX)
Latest Headlines for Great Ajax Corp. (NYSE:AJX)
| Source: |
|
| Date | Headline |
|---|
 | Head to Head Review: MFA Financial (MFA) vs. Great Ajax Corp. (AJX)
www.americanbankingnews.com - October 10 at 6:26 AM |
 | Great Ajax Corp. Announces Public Offering of Convertible Notes
finance.yahoo.com - October 5 at 1:10 PM |
| Great Ajax Corp. Announces Pricing of Public Offering of Convertible Notes
finance.yahoo.com - October 5 at 1:10 PM |
| Great Ajax Corp. (AJX) Expected to Post Quarterly Sales of $14.44 Million
www.americanbankingnews.com - October 4 at 1:58 PM |
| $0.44 EPS Expected for Great Ajax Corp. (AJX) This Quarter
www.americanbankingnews.com - October 2 at 6:26 AM |
| Great Ajax Corp. (AJX) and Its Peers Critical Comparison
www.americanbankingnews.com - October 1 at 2:20 PM |
 | REML With 20.5% Dividend Yield Compensates For Many Risks
seekingalpha.com - September 29 at 3:15 PM |
| Great Ajax Corp. (AJX) Receives New Coverage from Analysts at Compass Point
www.americanbankingnews.com - September 29 at 10:56 AM |
| Great Ajax Corp. (AJX) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - September 24 at 8:56 PM |
| 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 |
| 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 |
| 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 |
| 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. (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 |
| $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 misses 1Q profit forecasts
marketbeat.com - May 2 at 5:45 PM |
 | Great Ajax Corp (AJX) to Offer $75M of Convertible Notes
www.streetinsider.com - April 19 at 8:26 PM |
| Great Ajax Corp's (AJX) CEO Larry Mendelsohn on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - March 3 at 8:41 PM |
 | Great Ajax Corp. Announces Results for the Quarter Ended December 31, 2016
us.rd.yahoo.com - March 2 at 1:28 AM |
| Q4 2016 Great Ajax Corp Earnings Release - 4:00 pm ET
biz.yahoo.com - March 1 at 8:17 AM |
| Great Ajax Q3 - Operational Cash Flow Still Negative
seekingalpha.com - November 14 at 12:09 PM |
 | Great Ajax Corp. Announces Results for the Quarter Ended September 30, 2016
www.businesswire.com - November 1 at 8:55 PM |
| Q3 2016 Great Ajax Corp Earnings Release - After Market Close
biz.yahoo.com - November 1 at 9:17 AM |
 | Great Ajax Corp. Schedules Its Third Quarter 2016...
www.benzinga.com - October 29 at 3:24 PM |
| GREAT AJAX CORP. Files SEC form 8-K, Entry into a Material Definitive Agreement
biz.yahoo.com - October 4 at 8:11 AM |
| Great Ajax: Negative Trends Continue, Waiting For Short Opportunity
seekingalpha.com - August 17 at 11:38 AM |
| Great Ajax: Short In The Making
seekingalpha.com - July 22 at 11:36 AM |
| GREAT AJAX CORP. Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - June 30 at 4:32 PM |
| The Insider Report
seekingalpha.com - June 20 at 9:55 AM |
| GREAT 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 |
| Great Ajax Corp (AJX) Prices 2.27M Stock Offering for Proceeds of ~$30M
www.streetinsider.com - June 12 at 3:23 PM |
| GREAT AJAX CORP. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
biz.yahoo.com - June 7 at 4:36 PM |
Great Ajax Corp. (AJX) Chart for Thursday, October, 19, 2017
