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
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:AJX
Previous Symbol
CUSIPN/A
Phone503-505-5670
Debt
Debt-to-Equity Ratio2.21
Current Ratio3.27
Quick Ratio3.27
Price-To-Earnings
Trailing P/E Ratio8.78
Forward P/E Ratio8.02
P/E GrowthN/A
Sales & Book Value
Annual Sales$54.79 million
Price / Sales4.47
Cash Flow$1.9727 per share
Price / Cash6.59
Book Value$17.61 per share
Price / Book0.74
Profitability
EPS (Most Recent Fiscal Year)$1.57
Net Income$28.92 million
Net Margins48.10%
Return on Equity9.04%
Return on Assets2.08%
Miscellaneous
EmployeesN/A
Outstanding Shares18,860,000
Market Cap$245.14 million
OptionableNot Optionable
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 Tuesday, October 30th. Investors of record on Friday, November 16th will be given a dividend of $0.32 per share on Friday, November 30th. This represents a $1.28 dividend on an annualized basis and a yield of 9.85%. The ex-dividend date of this dividend is Thursday, November 15th. This is a positive change from Great Ajax's previous quarterly dividend of $0.30. View Great Ajax's Dividend History.
How were Great Ajax's earnings last quarter?
Great Ajax Corp (NYSE:AJX) posted its quarterly earnings data on Tuesday, November, 6th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.44 by $0.10. The real estate investment trust earned $14.75 million during the quarter, compared to analyst estimates of $15.22 million. Great Ajax had a net margin of 48.10% and a return on equity of 9.04%. View Great Ajax's Earnings History.
When is Great Ajax's next earnings date?
What price target have analysts set for AJX?
2 Wall Street analysts have issued twelve-month target prices for Great Ajax's shares. Their predictions range from $18.00 to $18.00. On average, they expect Great Ajax's stock price to reach $18.00 in the next year. This suggests a possible upside of 38.5% from the stock's current price. View Analyst Price Targets for Great Ajax.
What is the consensus analysts' recommendation for Great Ajax?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Great Ajax in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Great Ajax.
Has Great Ajax been receiving favorable news coverage?
Media headlines about AJX stock have trended somewhat positive recently, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Great Ajax earned a media sentiment score of 1.6 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an impact on the company's share price in the next few days.
Who are some of Great Ajax's key competitors?
Some companies that are related to Great Ajax include Interrent Real Estate Investment Trust (IIPZF), ARMOUR Residential REIT (ARR), InfraREIT (HIFR), ARBOR RLTY TR I/SH (ABR), Chatham Lodging Trust (CLDT), Universal Health Realty Income Trust (UHT), Independence Realty Trust (IRT), CorePoint Lodging (CPLG), NY MTG TR INC/SH (NYMT), Northstar Realty Europe (NRE), Granite Point Mortgage Trust (GPMT), Urstadt Biddle Properties (UBA), CIM Commercial Trust (CMCT), istar (STAR) and NexPoint Residential Trust (NXRT).
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 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 are Great Ajax's major shareholders?
Great Ajax's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.55%), Resource America Inc. (1.92%), Pacific Ridge Capital Partners LLC (1.64%), Family Management Corp (1.11%), Renaissance Technologies LLC (0.75%) and Alliancebernstein L.P. (0.56%). 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Resource America Inc., Renaissance Technologies LLC, Pacific Ridge Capital Partners LLC, Acadian Asset Management LLC, Connor Clark & Lunn Investment Management Ltd., First Trust Advisors LP and Family Management Corp. 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 $13.00.
How big of a company is Great Ajax?
Great Ajax has a market capitalization of $257.39 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.
What is Great Ajax's official website?
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 (NYSE 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.
