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NYSE:AJX

Great Ajax - AJX Stock Forecast, Price & News

$10.15
-0.45 (-4.25%)
(As of 08/12/2022 10:14 AM ET)
Add
Compare
Today's Range
$10.10
$10.22
50-Day Range
$9.07
$11.14
52-Week Range
$8.68
$14.74
Volume
1,360 shs
Average Volume
90,453 shs
Market Capitalization
$230.71 million
P/E Ratio
22.56
Dividend Yield
10.04%
Price Target
$14.67

Great Ajax MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
38.4% 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
0.91mentions of Great Ajax in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$29.72 M Sold Last Quarter
Proj. Earnings Growth
24.30%
From $1.07 to $1.33 Per Share

Overall MarketRank

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

3.32 out of 5 stars

Finance Sector

23rd out of 920 stocks

Real Estate Investment Trusts Industry

1st out of 194 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.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. StockNews.com cut shares of Great Ajax from a "buy" rating to a "hold" rating in a research report on Thursday, August 4th. B. Riley reduced their price target 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. Compass Point upgraded shares of Great Ajax from a "neutral" rating to a "buy" rating and set a $16.00 price target for the company in a report on Tuesday, May 17th. Finally, JMP Securities reduced their price target 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.

Great Ajax Stock Up 1.9 %

NYSE:AJX traded up $0.20 during trading hours on Thursday, reaching $10.56. The company had a trading volume of 2,855 shares, compared to its average volume of 87,863. The firm has a market cap of $240.03 million, a price-to-earnings ratio of 23.02 and a beta of 1.74. The business's 50-day simple moving average is $10.13 and its two-hundred day simple moving average is $10.66. Great Ajax has a twelve month low of $8.68 and a twelve month high of $14.74. The company has a quick ratio of 2.19, a current ratio of 2.12 and a debt-to-equity ratio of 1.77.

Great Ajax (NYSE:AJX - Get Rating) last issued its quarterly earnings data 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 return on equity of 9.19%. During the same quarter last year, the firm earned $0.42 EPS. On average, equities analysts expect that Great Ajax will post 1.07 earnings per share for the current year.

Great Ajax Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be issued a dividend of $0.27 per share. This is a boost 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 10.23%. The ex-dividend date of this dividend is Friday, August 12th. Great Ajax's dividend payout ratio (DPR) is currently 231.12%.

Insider Activity

In other news, major shareholder Magnetar Financial Llc sold 800,000 shares of Great Ajax stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $24.90, for a total transaction of $19,920,000.00. Following the completion of the transaction, the insider now directly owns 56,917 shares in the company, valued at $1,417,233.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 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 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
Today
8/12/2022
Ex-Dividend for 8/31 Dividend
8/12/2022
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
$0.89 per share
Book Value
$15.08 per share

Miscellaneous

Free Float
21,369,000
Market Cap
$230.71 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 equities research 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 equities research 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 Wall Street research analysts have issued 1 year price objectives for Great Ajax's stock. 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 38.4% 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 stock has decreased by 19.5% and is now trading at $10.60.
View the best growth stocks for 2022 here
.

Are investors shorting Great Ajax?

Great Ajax saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 68,100 shares, a decline 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 presently 0.3 days. Currently, 0.3% of the shares of the company are short sold.
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) posted its quarterly earnings data 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 trailing twelve-month return on equity of 9.19% and a net margin of 33.63%. During the same period in the prior year, the firm 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 annualized dividend and a dividend yield of 10.19%. The ex-dividend date is Friday, August 12th. This is a positive change 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 10.04%. 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 78.20% 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 acted 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 number of institutional and retail investors. Top institutional investors 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 $10.60.

How much money does Great Ajax make?

Great Ajax (NYSE:AJX) has a market capitalization of $240.97 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 8/12/2022 by MarketBeat.com Staff

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