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
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:AJX
CUSIPN/A
Phone503-505-5670
Debt
Debt-to-Equity Ratio2.39
Current Ratio4.74
Quick Ratio4.74
Price-To-Earnings
Trailing P/E Ratio8.39
Forward P/E Ratio7.49
P/E GrowthN/A
Sales & Book Value
Annual Sales$54.79 million
Price / Sales4.47
Cash Flow$1.9626 per share
Price / Cash6.68
Book Value$17.39 per share
Price / Book0.75
Profitability
EPS (Most Recent Fiscal Year)$1.57
Net Income$28.92 million
Net Margins50.44%
Return on Equity9.40%
Return on Assets2.27%
Miscellaneous
EmployeesN/A
Outstanding Shares18,700,000
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 declared a quarterly dividend on Wednesday, May 2nd. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.30 per share on Wednesday, May 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.15%. The ex-dividend date is Monday, May 14th. View Great Ajax's Dividend History.
How were Great Ajax's earnings last quarter?
Great Ajax Corp (NYSE:AJX) released its earnings results on Tuesday, May, 1st. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.43 by $0.05. The real estate investment trust earned $14.74 million during the quarter, compared to analysts' expectations of $14.79 million. Great Ajax had a net margin of 50.44% and a return on equity of 9.40%. View Great Ajax's Earnings History.
When is Great Ajax's next earnings date?
What price target have analysts set for AJX?
2 Wall Street analysts have issued 12 month target prices for Great Ajax's stock. Their predictions range from $15.50 to $18.00. On average, they expect Great Ajax's stock price to reach $16.75 in the next year. 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), InfraREIT (HIFR), MTGE Investment (MTGE), Easterly Government Properties (DEA), Urstadt Biddle Properties Inc Class A (UBA), Universal Health Realty Income Trust (UHT), Independence Realty Trust (IRT), Hersha Hospitality Trust (HT), CAPSTEAD Mtg Co/SH (CMO), Pennsylvania R.E.I.T. (PEI), Granite Point Mortgage Trust (GPMT), Interrent Real Estate Investment Trust (IIPZF), Northstar Realty Europe (NRE) and istar (STAR).
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 (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.
Has Great Ajax been receiving favorable news coverage?
News headlines about AJX stock have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Great Ajax earned a coverage optimism score of 0.08 on Accern's scale. They also assigned media headlines about the real estate investment trust an impact score of 46.11 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Great Ajax's major shareholders?
Great Ajax's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.98%), Covalent Partners LLC (1.78%), Resource America Inc. (1.52%), Family Management Corp (1.06%), Wasatch Advisors Inc. (0.45%) and Monarch Partners Asset Management LLC (0.28%). View Institutional Ownership Trends for Great Ajax.
Which institutional investors are selling Great Ajax stock?
Which institutional investors are buying Great Ajax stock?
AJX stock was purchased by a variety of institutional investors in the last quarter, including Family Management Corp, Monarch Partners Asset Management LLC, Wasatch Advisors Inc., Resource America Inc. and Prudential Financial Inc.. 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 $13.11.
How big of a company is Great Ajax?
Great Ajax has a market capitalization of $246.25 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 (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.
