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: $251.65 million
- Outstanding Shares: 18,170,000
Average Prices:- 50 Day Moving Avg: $14.09
- 200 Day Moving Avg: $13.52
- 52 Week Range: $12.61 - $14.60
P/E:- Trailing P/E Ratio: 8.60
- 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: $1.12
- Dividend Yield: 8.0%
Profitability:- Net Margins: 60.91%
- Return on Equity: 10.27%
- Return on Assets: 3.36%
Debt:- Debt-to-Equity Ratio: 1.49%
- Current Ratio: 3.99%
- Quick Ratio: 3.99%
Misc:- Average Volume: 54,075 shs.
- Beta: 0.89
- Short Ratio: 5.83
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 Thursday, April 20th. Investors 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 dividend on an annualized basis and a yield of 8.09%. 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) released its earnings results on Tuesday, May, 2nd. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates 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 60.91% and a return on equity of 10.27%. 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?
4 brokers have issued 1 year target prices for Great Ajax Corp.'s stock. Their forecasts range from $14.00 to $18.00. On average, they expect Great Ajax Corp.'s stock price to reach $15.70 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. " (7/4/2017)
- 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 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 number of of retail and institutional investors. Top institutional shareholders include State Treasurer State of Michigan (5.12%), Russell Investments Group Ltd. (0.14%) and Creative Planning (0.04%). 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 bought Great Ajax Corp. stock? Who is buying Great Ajax Corp. stock?
Great Ajax Corp.'s stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd.. 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?
One share of Great Ajax Corp. stock can currently be purchased for approximately $13.85.
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: | 2 Hold Ratings, 2 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.50) |
| Consensus Price Target: | $15.70 (13.36% upside) |
Analysts' Ratings History for Great Ajax Corp. (NYSE:AJX)
Show:
| 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 | |
(Data available from 7/26/2015 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 |
|---|
| 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: | 5/30/2017 |
| Annual Dividend: | $1.12 |
| Dividend Yield: | 8.09% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 68.71% (Trailing 12 Months of Earnings)
59.26% (Based on This Year's Estimates)
56.28% (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 |
|---|
| 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: 71.88%
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 |
|---|
 | 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) Earns News Sentiment Score of 0.27
www.americanbankingnews.com - April 26 at 2:15 PM |
| Great Ajax Corp. Announces Closing of Public Sale of Convertible Notes
finance.yahoo.com - April 26 at 7:10 AM |
| Great Ajax Corp (AJX) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - April 25 at 4:21 PM |
| Great Ajax Corp (AJX) Getting Positive Media Coverage, AlphaOne Reports
www.americanbankingnews.com - April 23 at 7:50 AM |
| Great Ajax Corp (AJX) Raises Dividend to $0.28 Per Share
www.americanbankingnews.com - April 20 at 6:17 PM |
| Great Ajax Corp (AJX) Given "Buy" Rating at FBR & Co
www.americanbankingnews.com - April 20 at 4:49 PM |
| Great Ajax Corp (AJX) Receives Daily News Impact Score of 0.47
www.americanbankingnews.com - April 20 at 12:40 PM |
| Great Ajax Corp. Announces Pricing of Public Offering of Convertible Notes
finance.yahoo.com - April 20 at 1:29 AM |
 | Great Ajax Corp (AJX) to Offer $75M of Convertible Notes
www.streetinsider.com - April 19 at 8:26 PM |
| Great Ajax Corp. Announces First Quarter Dividend
finance.yahoo.com - April 19 at 8:26 PM |
| Great Ajax Corp. Announces Public Offering of Convertible Notes
finance.yahoo.com - April 19 at 8:26 PM |
| Great Ajax Corp (AJX) Receives Media Impact Rating of 0.15
www.americanbankingnews.com - April 16 at 7:30 AM |
| Great Ajax Corp (AJX) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - March 31 at 12:59 PM |
 | Great Ajax Corp's (AJX) CEO Larry Mendelsohn on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - March 3 at 8:41 PM |
| Edited Transcript of AJX earnings conference call or presentation 1-Mar-17 10:00pm GMT
finance.yahoo.com - March 2 at 3:41 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 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 |
| Great Ajax Q3 - Operational Cash Flow Still Negative
seekingalpha.com - November 14 at 12:09 PM |
| Edited Transcript of AJX earnings conference call or presentation 1-Nov-16 9:00pm GMT
finance.yahoo.com - November 2 at 12:34 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. Schedules Its Third Quarter 2016 Financial Results Release For Tuesday, November 1, 2016
finance.yahoo.com - October 28 at 1:01 PM |
Great Ajax Corp. (AJX) Chart for Wednesday, July, 26, 2017
