Great Ajax - AJX Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Great Ajax in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AJX shares.
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3 analysts have issued 1-year price objectives for Great Ajax's shares. Their AJX share price forecasts range from $11.00 to $17.00. On average, they predict the company's share price to reach $14.67 in the next year. This suggests a possible upside of 72.3% from the stock's current price.
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Great Ajax's stock was trading at $13.16 at the beginning of 2022. Since then, AJX shares have decreased by 35.3% and is now trading at $8.51.
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Great Ajax saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 63,600 shares, a drop of 10.9% from the August 15th total of 71,400 shares. Based on an average trading volume of 154,600 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company's shares are sold short.
View Great Ajax's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our AJX earnings forecast.

Great Ajax Corp. (NYSE:AJX) posted its quarterly earnings results on Thursday, August, 4th. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by $0.44. Great Ajax had a net margin of 33.63% and a trailing twelve-month return on equity of 9.19%. During the same period last year, the company earned $0.42 EPS.

Great Ajax announced a quarterly dividend on Thursday, August 4th. Stockholders of record on Monday, August 15th will be paid a dividend of $0.27 per share on Wednesday, August 31st. This represents a $1.08 annualized dividend and a dividend yield of 12.69%. The ex-dividend date of this dividend is Friday, August 12th. This is an increase from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for AJX.

Great Ajax (NYSE:AJX) pays an annual dividend of $1.08 per share and currently has a dividend yield of 12.08%. AJX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 240.01%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, AJX will have a dividend payout ratio of 84.38% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AJX.

Based on aggregate information from My MarketBeat watchlists, some companies that other Great Ajax investors own include Energy Transfer (ET), AT&T (T), AGNC Investment (AGNC), Annaly Capital Management (NLY), Verizon Communications (VZ), Arbor Realty Trust (ABR), CBL & Associates Properties (CBL), Alibaba Group (BABA), Chimera Investment (CIM) and Medical Properties Trust (MPW).

(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 served as the underwriters for the IPO and Ladenburg Thalmann and MLV were co-managers.

Great Ajax trades on the New York Stock Exchange (NYSE) under the ticker symbol "AJX."

Great Ajax's stock is owned by a number of retail and institutional investors. Top institutional investors include Pacific Ridge Capital Partners LLC (3.38%), Beach Point Capital Management LP (1.44%), State Street Corp (1.38%), Millennium Management LLC (1.22%), EMG Holdings L.P. (0.93%) and Bard Associates Inc. (0.85%).
View institutional ownership trends.

Shares of AJX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AJX stock can currently be purchased for approximately $8.51.

Great Ajax (NYSE:AJX) has a market capitalization of $193.43 million and generates $77.95 million in revenue each year. The real estate investment trust earns $41.85 million in net income (profit) each year or $0.45 on an earnings per share basis.

Great Ajax's mailing address is 9400 SW BEAVERTON-HILLSDALE HIGHWAY SUITE 131, BEAVERTON OR, 97005. The official website for the company is www.great-ajax.com. The real estate investment trust can be reached via phone at (503) 505-5670.