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
SymbolNYSE:AJX
CUSIPN/A
Phone503-505-5670
Debt
Debt-to-Equity Ratio2.28
Current Ratio4.28
Quick Ratio4.28
Price-To-Earnings
Trailing P/E Ratio8.62
Forward P/E Ratio8.33
P/E GrowthN/A
Sales & Book Value
Annual Sales$54.79 million
Price / Sales4.64
Cash Flow$1.9622 per share
Price / Cash6.88
Book Value$17.39 per share
Price / Book0.78
Profitability
EPS (Most Recent Fiscal Year)$1.57
Net Income$28.92 million
Net Margins50.12%
Return on Equity9.38%
Return on Assets2.23%
Miscellaneous
EmployeesN/A
Outstanding Shares18,820,000
Market Cap$253.93 million
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 announced a quarterly dividend on Wednesday, August 8th. Investors of record on Wednesday, August 15th will be paid a dividend of $0.30 per share on Thursday, August 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.89%. The ex-dividend date is Tuesday, August 14th. View Great Ajax's Dividend History.
How were Great Ajax's earnings last quarter?
Great Ajax Corp (NYSE:AJX) announced its quarterly earnings data on Tuesday, August, 7th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.40 by $0.03. The real estate investment trust earned $14.78 million during the quarter, compared to analyst estimates of $14.51 million. Great Ajax had a return on equity of 9.38% and a net margin of 50.12%. View Great Ajax's Earnings History.
When is Great Ajax's next earnings date?
What price target have analysts set for AJX?
2 equities research analysts have issued 12 month target prices for Great Ajax's shares. Their forecasts range from $15.50 to $18.00. On average, they expect Great Ajax's stock price to reach $16.75 in the next year. This suggests a possible upside of 24.1% 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.
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), Universal Health Realty Income Trust (UHT), InfraREIT (HIFR), Easterly Government Properties (DEA), MTGE Investment (MTGE), Independence Realty Trust (IRT), Urstadt Biddle Properties Inc Class A (UBA), Interrent Real Estate Investment Trust (IIPZF), ARBOR Rlty Tr I/SH (ABR), Hersha Hospitality Trust (HT), Granite Point Mortgage Trust (GPMT), NY Mtg Tr Inc/SH (NYMT), CBL & Associates Properties (CBL) and CAPSTEAD Mtg Co/SH (CMO).
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 $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.
Has Great Ajax been receiving favorable news coverage?
Headlines about AJX stock have trended somewhat positive on Friday, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Great Ajax earned a daily sentiment score of 0.11 on Accern's scale. They also assigned media coverage about the real estate investment trust an impact score of 45.54 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Great Ajax.
Who are Great Ajax's major shareholders?
Great Ajax's stock is owned by a number of of retail and institutional investors. Top institutional investors include FMR LLC (9.80%), BlackRock Inc. (6.22%), Resource America Inc. (1.66%), Family Management Corp (1.10%), Wolverine Asset Management LLC (0.75%) and Renaissance Technologies LLC (0.53%). View Institutional Ownership Trends for Great Ajax.
Which major investors are selling Great Ajax stock?
Which major investors are buying Great Ajax stock?
AJX stock was purchased by a variety of institutional investors in the last quarter, including Wolverine Asset Management LLC, Renaissance Technologies LLC, BlackRock Inc., Resource America Inc., FMR LLC, Wealthsource Partners LLC, Monarch Partners Asset Management LLC 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 $13.50.
How big of a company is Great Ajax?
Great Ajax has a market capitalization of $253.93 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 (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.
