Great Ajax - AJX Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Great Ajax in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AJX shares.
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3 brokers have issued 12 month target prices for Great Ajax's shares. Their AJX share price forecasts range from $11.00 to $17.00. On average, they predict the company's stock price to reach $14.67 in the next year. This suggests a possible upside of 44.4% 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 22.8% and is now trading at $10.16.
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Great Ajax saw a decrease in short interest in July. As of July 31st, there was short interest totaling 68,100 shares, a decrease of 23.3% from the July 15th total of 88,800 shares. Based on an average daily trading volume, of 195,000 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company's stock are sold short.
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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) issued its quarterly earnings results on Thursday, August, 4th. The real estate investment trust reported ($0.14) EPS for the quarter, missing the consensus estimate 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 in the prior year, the company posted $0.42 EPS.

Great Ajax announced a quarterly dividend on Thursday, August 4th. Shareholders 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 dividend on an annualized basis and a yield of 10.63%. The ex-dividend date of this dividend is Friday, August 12th. This is a boost 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 $1.04 per share and currently has a dividend yield of 10.24%. 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 231.12%. 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 80.00% 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 $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 variety of institutional and retail investors. Top institutional shareholders include Pacific Ridge Capital Partners LLC (3.38%), Beach Point Capital Management LP (1.44%), EMG Holdings L.P. (0.93%), Bard Associates Inc. (0.85%), Wiley BROS. Aintree Capital LLC (0.70%) and KG&L Capital Management LLC (0.59%).
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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 $10.16.

Great Ajax (NYSE:AJX) has a market capitalization of $230.97 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.