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MU   64.42 (-0.95%)
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NYSE:AJX

Great Ajax - AJX Stock Forecast, Price & News

$10.15
-0.01 (-0.10%)
(As of 08/15/2022 01:45 PM ET)
Add
Compare
Today's Range
$10.06
$10.16
50-Day Range
$9.07
$11.14
52-Week Range
$8.68
$14.74
Volume
1,440 shs
Average Volume
135,040 shs
Market Capitalization
$230.74 million
P/E Ratio
22.56
Dividend Yield
10.24%
Price Target
$14.67

Great Ajax MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
45.5% Upside
$14.67 Price Target
Short Interest
Healthy
0.32% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.62
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$29.72 M Sold Last Quarter
Proj. Earnings Growth
21.50%
From $1.07 to $1.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.34 out of 5 stars

Finance Sector

16th out of 929 stocks

Real Estate Investment Trusts Industry

1st out of 195 stocks

AJX stock logo

About Great Ajax (NYSE:AJX) Stock

Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. In addition, it acquires and originates small balance commercial loans (SBC) secured by multi-family residential and commercial mixed-use retail/residential properties; and invests in single-family and smaller commercial properties through a foreclosure event of a loan or a direct acquisition. 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 incorporated in 2014 and is based in Tigard, Oregon.

Analyst Upgrades and Downgrades

AJX has been the subject of several research reports. JMP Securities decreased their price objective on shares of Great Ajax from $15.00 to $11.00 and set a "market outperform" rating for the company in a report on Tuesday, April 26th. B. Riley decreased their price objective on shares of Great Ajax from $18.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, July 21st. StockNews.com cut shares of Great Ajax from a "buy" rating to a "hold" rating in a report on Thursday, August 4th. Finally, Compass Point raised shares of Great Ajax from a "neutral" rating to a "buy" rating and set a $16.00 price objective for the company in a report on Tuesday, May 17th.

Great Ajax Stock Performance

Shares of NYSE:AJX opened at $10.16 on Monday. The firm has a 50 day moving average of $10.13 and a 200 day moving average of $10.60. The company has a current ratio of 2.12, a quick ratio of 2.19 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $230.97 million, a price-to-earnings ratio of 22.58 and a beta of 1.74. Great Ajax has a 12-month low of $8.68 and a 12-month high of $14.74.

Great Ajax (NYSE:AJX - Get Rating) last announced its earnings results on Thursday, August 4th. The real estate investment trust reported ($0.14) earnings per share (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 return on equity of 9.19%. During the same quarter in the prior year, the business earned $0.42 EPS. On average, research analysts anticipate that Great Ajax will post 1.07 earnings per share for the current year.

Great Ajax Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th will be given a $0.27 dividend. This is a positive change from Great Ajax's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 10.63%. The ex-dividend date is Friday, August 12th. Great Ajax's dividend payout ratio is presently 231.12%.

Insiders Place Their Bets

In other Great Ajax news, major shareholder Magnetar Financial Llc sold 200,000 shares of the company's stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $24.53, for a total value of $4,906,000.00. Following the completion of the transaction, the insider now directly owns 43,300 shares in the company, valued at $1,062,149. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 1,200,000 shares of company stock worth $29,722,000 over the last three months. 6.00% of the stock is currently owned by company insiders.

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AJX Stock News Headlines

StockNews.com Lowers Great Ajax (NYSE:AJX) to Hold
Cherry Hill Mortgage (CHMI) Q2 Earnings Top Estimates
Great Ajax (NYSE:AJX) Raised to "Buy" at StockNews.com
Great Ajax (NYSE:AJX) PT Lowered to $17.00 at B. Riley
Great Ajax (AJX) Matches Q4 Earnings Estimates
Great Ajax Earnings Preview
Great Ajax Corp. Common Stock (AJX)
See More Headlines
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AJX Company Calendar

Ex-Dividend for 5/31 Dividend
5/13/2022
Dividend Payable
5/31/2022
Last Earnings
8/04/2022
Ex-Dividend for 8/31 Dividend
8/12/2022
Today
8/15/2022
Dividend Payable
8/31/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$14.67
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+44.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$41.85 million
Pretax Margin
36.33%

Debt

Sales & Book Value

Annual Sales
$77.95 million
Cash Flow
$0.91 per share
Book Value
$16.65 per share

Miscellaneous

Free Float
21,369,000
Market Cap
$230.74 million
Optionable
Not Optionable
Beta
1.74














AJX Stock - Frequently Asked Questions

Should I buy or sell Great Ajax stock right now?

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.
View AJX analyst ratings
or view top-rated stocks.

What is Great Ajax's stock price forecast for 2022?

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.
View analysts price targets for AJX
or view top-rated stocks among Wall Street analysts.

How have AJX shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Great Ajax?

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.
View Great Ajax's Short Interest
.

When is Great Ajax's next earnings date?

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

How were Great Ajax's earnings last quarter?

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.

How often does Great Ajax pay dividends? What is the dividend yield for Great Ajax?

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
.

Is Great Ajax a good dividend stock?

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.

What other stocks do shareholders of Great Ajax own?

When did Great Ajax IPO?

(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.

What is Great Ajax's stock symbol?

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

Who are Great Ajax's major shareholders?

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%).
View institutional ownership trends
.

How do I buy shares of Great Ajax?

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.
Compare Top Brokerages Here.

What is Great Ajax's stock price today?

One share of AJX stock can currently be purchased for approximately $10.16.

How much money does Great Ajax make?

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.

How can I contact Great Ajax?

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.

This page (NYSE:AJX) was last updated on 8/15/2022 by MarketBeat.com Staff

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