Great Ajax Corp. Company Profile (NYSE:AJX)

About Great Ajax Corp. (NYSE:AJX)

Great Ajax Corp. logoGreat 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)
Community Ranking:  2.9 out of 5 ( )
Outperform Votes:  69 (Vote Outperform)
Underperform Votes:  48 (Vote Underperform)
Total Votes:  117
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.

Analyst Ratings

Consensus Ratings for Great Ajax Corp. (NYSE:AJX) (How are Consensus Ratings Calculated?)
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:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/20/2017FBR & CoReiterated RatingBuyMediumView Rating Details
3/6/2017InstinetLower Price TargetNeutral$14.50 -> $14.00N/AView Rating Details
11/22/2016Raymond James Financial, Inc.Initiated CoverageOutperform$16.00N/AView Rating Details
11/9/2016NomuraDowngradeBuy -> Neutral$16.00 -> $14.50N/AView Rating Details
10/20/2016JMP SecuritiesInitiated CoverageMkt Outperform$16.00N/AView Rating Details
6/20/2016Piper Jaffray CompaniesInitiated CoverageOverweight$15.00N/AView Rating Details
5/16/2016Sterne Agee CRTReiterated RatingBuyN/AView Rating Details
(Data available from 7/26/2015 forward)

Earnings

Earnings History for Great Ajax Corp. (NYSE:AJX)
Earnings by Quarter for Great Ajax Corp. (NYSE:AJX)
Earnings History by Quarter for Great Ajax Corp. (NYSE AJX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/2/2017Q1$0.47$0.46$12.98 million$13.67 millionViewListenView Earnings Details
3/1/2017Q416$0.53$0.35$14.20 million$10.97 millionViewListenView Earnings Details
3/1/2016Q415$0.62$0.53$6.02 million$11.70 millionViewN/AView Earnings Details
11/2/2015Q315$0.54$0.50$11.69 million$10.81 millionViewN/AView Earnings Details
8/3/2015Q215$0.41$0.36$9.03 million$8.76 millionViewN/AView Earnings Details
5/4/2015Q115$0.35$0.28$7.09 billion$6.02 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Great Ajax Corp. (NYSE:AJX)
2017 EPS Consensus Estimate: $1.85
2018 EPS Consensus Estimate: $1.96
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.45$0.45$0.45
Q2 20171$0.44$0.44$0.44
Q3 20171$0.47$0.47$0.47
Q4 20171$0.49$0.49$0.49
Q1 20181$0.47$0.47$0.47
Q2 20181$0.48$0.48$0.48
Q3 20181$0.49$0.49$0.49
Q4 20181$0.52$0.52$0.52
(Data provided by Zacks Investment Research)

Dividends

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 Payments by Quarter for Great Ajax Corp. (NYSE:AJX)

Dividend History by Quarter for Great Ajax Corp. (NYSE AJX)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/20/2017quarterly$0.288.48%5/12/20175/16/20175/30/2017
3/2/2017Quarterly$0.257.58%3/13/20173/15/20173/31/2017
11/2/2016quarterly$0.257.42%11/14/201611/16/201611/30/2016
8/3/2016quarterly$0.257.22%8/12/20168/16/20168/31/2016
4/26/2016quarterly$0.257.18%5/11/20165/13/20165/20/2016
3/2/2016quarterly$0.249.32%3/9/20163/11/20163/24/2016
11/3/2015quarterly$0.247.3%11/10/201511/13/201511/27/2015
8/5/2015quarterly$0.226.38%8/12/20158/14/20158/28/2015
5/5/2015special$0.185/13/20155/15/20155/29/2015
(Data available from 1/1/2013 forward)

Insider Trades

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)
Institutional Ownership by Quarter for Great Ajax Corp. (NYSE:AJX)
Insider Trades by Quarter for Great Ajax Corp. (NYSE:AJX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/5/2016Lawrence MendelsohnInsiderBuy8,000$12.64$101,120.00View SEC Filing  
6/13/2016Mary B DoyleCFOBuy4,271$13.10$55,950.10View SEC Filing  
6/10/2016Lawrence MendelsohnCEOBuy18,000$13.25$238,500.00View SEC Filing  
6/10/2016Russell SchaubPresidentBuy7,547$13.25$99,997.75View SEC Filing  
5/4/2016Mary B DoyleCFOBuy3,148$13.91$43,788.68View SEC Filing  
3/2/2016Jonathan Bradford Handley JrDirectorBuy10,000$10.22$102,200.00View SEC Filing  
12/9/2015Lawrence MendelsohnCEOBuy3,610$12.01$43,356.10View SEC Filing  
8/31/2015Russell SchaubPresidentBuy3,000$12.85$38,550.00View SEC Filing  
8/20/2015Lawrence MendelsohnCEOBuy1,000$13.30$13,300.00View SEC Filing  
5/13/2015Daniel Jay HoffmanDirectorBuy1,000$12.94$12,940.00View SEC Filing  
5/13/2015Lawrence MendelsohnCEOBuy2,000$12.97$25,940.00View SEC Filing  
5/12/2015Glenn J OhlCFOBuy1,000$13.69$13,690.00View SEC Filing  
5/12/2015Lawrence MendelsohnCEOBuy2,000$13.46$26,920.00View SEC Filing  
5/7/2015Daniel Jay HoffmanDirectorBuy1,000$13.77$13,770.00View SEC Filing  
5/6/2015Lawrence MendelsohnCEOBuy2,000$14.00$28,000.00View SEC Filing  
2/19/2015Lawrence MendelsohnCEOBuy80,000$14.25$1,140,000.00View SEC Filing  
2/19/2015Russell SchaubPresidentBuy72,000$14.25$1,026,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Great Ajax Corp. (NYSE:AJX)
Latest Headlines for Great Ajax Corp. (NYSE:AJX)
Source:
DateHeadline
finance.yahoo.com logoGreat Ajax Corp. Schedules Its Second Quarter 2017 Financial Results Release For Tuesday, August 1, 2017
finance.yahoo.com - July 26 at 8:42 PM
finance.yahoo.com logoGreat Ajax’s Dividend Performance
finance.yahoo.com - July 26 at 3:42 PM
americanbankingnews.com logoZacks: Analysts Expect Great Ajax Corp. (NYSE:AJX) Will Announce Quarterly Sales of $12.98 Million
www.americanbankingnews.com - July 20 at 2:37 PM
americanbankingnews.com logo$0.45 EPS Expected for Great Ajax Corp. (NYSE:AJX) This Quarter
www.americanbankingnews.com - July 18 at 1:17 PM
americanbankingnews.com logoGreat Ajax Corp. (AJX) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - July 11 at 8:50 PM
americanbankingnews.com logoGreat Ajax Corp. (NYSE:AJX) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - July 4 at 8:28 PM
americanbankingnews.com logoZacks: Analysts Anticipate Great Ajax Corp. (AJX) Will Announce Quarterly Sales of $12.98 Million
www.americanbankingnews.com - June 24 at 9:52 AM
americanbankingnews.com logoGreat Ajax Corp. (AJX) Expected to Post Earnings of $0.45 Per Share
www.americanbankingnews.com - June 22 at 9:00 AM
americanbankingnews.com logoGreat Ajax Corp. (AJX) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - June 16 at 6:32 PM
americanbankingnews.com logoAnalyzing Great Ajax Corp (AJX) & Dynex Capital (DX)
www.americanbankingnews.com - June 10 at 2:46 PM
americanbankingnews.com logo$12.98 Million in Sales Expected for Great Ajax Corp (AJX) This Quarter
www.americanbankingnews.com - May 31 at 3:16 PM
americanbankingnews.com logo Brokerages Expect Great Ajax Corp (AJX) Will Post Earnings of $0.46 Per Share
www.americanbankingnews.com - May 29 at 8:48 AM
americanbankingnews.com logoGreat Ajax Corp (AJX) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 22 at 4:04 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Rating Increased to Buy at Zacks Investment Research
www.americanbankingnews.com - May 9 at 11:03 PM
americanbankingnews.com logoGreat 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
americanbankingnews.com logoGreat Ajax Corp (AJX) Expected to Announce Quarterly Sales of $12.98 Million
www.americanbankingnews.com - May 5 at 2:00 PM
americanbankingnews.com logoQ2 2017 EPS Estimates for Great Ajax Corp Reduced by FBR & Co (AJX)
www.americanbankingnews.com - May 4 at 9:37 AM
americanbankingnews.com logoGreat Ajax Corp (AJX) Receiving Positive News Coverage, Analysis Shows
www.americanbankingnews.com - May 4 at 7:56 AM
americanbankingnews.com logo Analysts Anticipate Great Ajax Corp (AJX) to Announce $0.45 EPS
www.americanbankingnews.com - May 3 at 4:06 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Issues Earnings Results
www.americanbankingnews.com - May 3 at 3:54 PM
finance.yahoo.com logoGreat Ajax Corp. Announces Results for the Quarter Ended March 31, 2017
finance.yahoo.com - May 3 at 7:57 AM
finance.yahoo.com logoEdited Transcript of AJX earnings conference call or presentation 2-May-17 9:00pm GMT
finance.yahoo.com - May 3 at 7:57 AM
americanbankingnews.com logoGreat Ajax Corp (AJX) Raised to "Hold" at Zacks Investment Research
www.americanbankingnews.com - May 2 at 9:44 PM
marketbeat.com logoGreat Ajax misses 1Q profit forecasts
marketbeat.com - May 2 at 5:45 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Earning Favorable Press Coverage, AlphaOne Reports
www.americanbankingnews.com - May 1 at 11:42 AM
finance.yahoo.com logoGreat Ajax Corp. Schedules Its First Quarter 2017 Financial Results Release For Tuesday, May 2, 2017
finance.yahoo.com - April 26 at 8:39 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Earns News Sentiment Score of 0.27
www.americanbankingnews.com - April 26 at 2:15 PM
finance.yahoo.com logoGreat Ajax Corp. Announces Closing of Public Sale of Convertible Notes
finance.yahoo.com - April 26 at 7:10 AM
americanbankingnews.com logoGreat Ajax Corp (AJX) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - April 25 at 4:21 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Getting Positive Media Coverage, AlphaOne Reports
www.americanbankingnews.com - April 23 at 7:50 AM
americanbankingnews.com logoGreat Ajax Corp (AJX) Raises Dividend to $0.28 Per Share
www.americanbankingnews.com - April 20 at 6:17 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Given "Buy" Rating at FBR & Co
www.americanbankingnews.com - April 20 at 4:49 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Receives Daily News Impact Score of 0.47
www.americanbankingnews.com - April 20 at 12:40 PM
finance.yahoo.com logoGreat Ajax Corp. Announces Pricing of Public Offering of Convertible Notes
finance.yahoo.com - April 20 at 1:29 AM
streetinsider.com logoGreat Ajax Corp (AJX) to Offer $75M of Convertible Notes
www.streetinsider.com - April 19 at 8:26 PM
finance.yahoo.com logoGreat Ajax Corp. Announces First Quarter Dividend
finance.yahoo.com - April 19 at 8:26 PM
finance.yahoo.com logoGreat Ajax Corp. Announces Public Offering of Convertible Notes
finance.yahoo.com - April 19 at 8:26 PM
americanbankingnews.com logoGreat Ajax Corp (AJX) Receives Media Impact Rating of 0.15
www.americanbankingnews.com - April 16 at 7:30 AM
americanbankingnews.com logoGreat Ajax Corp (AJX) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - March 31 at 12:59 PM
seekingalpha.com logoGreat Ajax Corp's (AJX) CEO Larry Mendelsohn on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - March 3 at 8:41 PM
finance.yahoo.com logoEdited Transcript of AJX earnings conference call or presentation 1-Mar-17 10:00pm GMT
finance.yahoo.com - March 2 at 3:41 PM
us.rd.yahoo.com logoGreat Ajax Corp. Announces Results for the Quarter Ended December 31, 2016
us.rd.yahoo.com - March 2 at 1:28 AM
biz.yahoo.com logoQ4 2016 Great Ajax Corp Earnings Release - 4:00 pm ET
biz.yahoo.com - March 1 at 8:17 AM
finance.yahoo.com logoGreat 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
seekingalpha.com logoGreat Ajax Q3 - Operational Cash Flow Still Negative
seekingalpha.com - November 14 at 12:09 PM
finance.yahoo.com logoEdited Transcript of AJX earnings conference call or presentation 1-Nov-16 9:00pm GMT
finance.yahoo.com - November 2 at 12:34 PM
businesswire.com logoGreat Ajax Corp. Announces Results for the Quarter Ended September 30, 2016
www.businesswire.com - November 1 at 8:55 PM
biz.yahoo.com logoQ3 2016 Great Ajax Corp Earnings Release - After Market Close
biz.yahoo.com - November 1 at 9:17 AM
benzinga.com logoGreat Ajax Corp. Schedules Its Third Quarter 2016...
www.benzinga.com - October 29 at 3:24 PM
finance.yahoo.com logoGreat Ajax Corp. Schedules Its Third Quarter 2016 Financial Results Release For Tuesday, November 1, 2016
finance.yahoo.com - October 28 at 1:01 PM

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Chart

Great Ajax Corp. (AJX) Chart for Wednesday, July, 26, 2017

This page was last updated on 7/26/2017 by MarketBeat.com Staff