Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties, such as one to four unit homes and smaller commercial properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. The company elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. Great Ajax Corp. was founded in 2014 and is headquartered in Beaverton, Oregon.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:AJX
CUSIPN/A
Phone503-505-5670
Debt
Debt-to-Equity Ratio2.39
Current Ratio4.74
Quick Ratio4.74
Price-To-Earnings
Trailing P/E Ratio8.33
Forward P/E Ratio7.47
P/E GrowthN/A
Sales & Book Value
Annual Sales$54.79 million
Price / Sales4.46
Cash Flow$1.9848 per share
Price / Cash6.59
Book Value$17.39 per share
Price / Book0.75
Profitability
EPS (Most Recent Fiscal Year)$1.57
Net Income$28.92 million
Net Margins50.44%
Return on Equity9.40%
Return on Assets2.27%
Miscellaneous
EmployeesN/A
Outstanding Shares18,700,000
Great Ajax (NYSE:AJX) Frequently Asked Questions
What is Great Ajax's stock symbol?
Great Ajax trades on the New York Stock Exchange (NYSE) under the ticker symbol "AJX."
How often does Great Ajax pay dividends? What is the dividend yield for Great Ajax?
Great Ajax declared a quarterly dividend on Wednesday, May 2nd. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.30 per share on Wednesday, May 30th. This represents a $1.20 annualized dividend and a dividend yield of 9.17%. The ex-dividend date of this dividend is Monday, May 14th. View Great Ajax's Dividend History.
How were Great Ajax's earnings last quarter?
Great Ajax Corp (NYSE:AJX) issued its earnings results on Tuesday, May, 1st. The real estate investment trust reported $0.38 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.43 by $0.05. The real estate investment trust had revenue of $14.74 million for the quarter, compared to analysts' expectations of $14.79 million. Great Ajax had a return on equity of 9.40% and a net margin of 50.44%. View Great Ajax's Earnings History.
When is Great Ajax's next earnings date?
What price target have analysts set for AJX?
2 brokerages have issued 1-year price objectives for Great Ajax's stock. Their forecasts range from $15.50 to $18.00. On average, they anticipate Great Ajax's stock price to reach $16.75 in the next twelve months. View Analyst Ratings for Great Ajax.
Who are some of Great Ajax's key competitors?
Some companies that are related to Great Ajax include ARMOUR Residential REIT (ARR), Chatham Lodging Trust (CLDT), Easterly Government Properties (DEA), InfraREIT (HIFR), MTGE Investment (MTGE), Independence Realty Trust (IRT), Universal Health Realty Income Trust (UHT), Urstadt Biddle Properties Inc Class A (UBA), CAPSTEAD Mtg Co/SH (CMO), Hersha Hospitality Trust (HT), Granite Point Mortgage Trust (GPMT), Pennsylvania R.E.I.T. (PEI), Interrent Real Estate Investment Trust (IIPZF), istar (STAR) and Northstar Realty Europe (NRE).
Who are Great Ajax's key executives?
Great Ajax's management team includes the folowing people:
- Mr. Lawrence A. Mendelsohn, Chairman & CEO (Age 57)
- Mr. Russell A. Schaub, Pres & Director (Age 54)
- Ms. Mary B. Doyle CPA, Chief Financial Officer (Age 54)
- Irving Potter, Sec.
When did Great Ajax 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 served as the underwriters for the IPO and Ladenburg Thalmann and MLV were co-managers.
Has Great Ajax been receiving favorable news coverage?
Press coverage about AJX stock has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Great Ajax earned a coverage optimism score of 0.07 on Accern's scale. They also gave headlines about the real estate investment trust an impact score of 45.67 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Great Ajax's major shareholders?
Great Ajax's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.98%), Covalent Partners LLC (1.78%), Resource America Inc. (1.52%), Family Management Corp (1.06%), Wasatch Advisors Inc. (0.45%) and Monarch Partners Asset Management LLC (0.28%). View Institutional Ownership Trends for Great Ajax.
Which institutional investors are selling Great Ajax stock?
Which institutional investors are buying Great Ajax stock?
AJX stock was bought by a variety of institutional investors in the last quarter, including Family Management Corp, Monarch Partners Asset Management LLC, Wasatch Advisors Inc., Resource America Inc. and Prudential Financial Inc.. View Insider Buying and Selling for Great Ajax.
How do I buy shares of Great Ajax?
Shares of AJX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Great Ajax's stock price today?
One share of AJX stock can currently be purchased for approximately $13.08.
How big of a company is Great Ajax?
Great Ajax has a market capitalization of $243.08 million and generates $54.79 million in revenue each year. The real estate investment trust earns $28.92 million in net income (profit) each year or $1.57 on an earnings per share basis.
How can I contact Great Ajax?
Great Ajax's mailing address is 9400 SW BEAVERTON-HILLSDALE HIGHWAY SUITE 131, BEAVERTON OR, 97005. The real estate investment trust can be reached via phone at 503-505-5670.
MarketBeat Community Rating for Great Ajax (AJX)
MarketBeat's community ratings are surveys of what our community members think about Great Ajax and other stocks. Vote "Outperform" if you believe AJX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AJX will underperform the S&P 500 over the long term. You may vote once every thirty days.
