Equities research analysts expect Great Ajax Corp. (NYSE:AJX) to announce $13.56 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Great Ajax Corp.’s earnings, with estimates ranging from $13.14 million to $13.98 million. Great Ajax Corp. reported sales of $11.62 million during the same quarter last year, which would suggest a positive year over year growth rate of 16.7%. The company is expected to issue its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Great Ajax Corp. will report full-year sales of $13.56 million for the current financial year, with estimates ranging from $53.79 million to $55.56 million. For the next year, analysts expect that the company will post sales of $60.15 million per share, with estimates ranging from $58.23 million to $62.06 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Great Ajax Corp..
Great Ajax Corp. (NYSE:AJX) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.09. Great Ajax Corp. had a return on equity of 10.22% and a net margin of 58.46%. The firm had revenue of $13.11 million for the quarter, compared to the consensus estimate of $12.99 million.
A number of equities analysts have issued reports on AJX shares. FBR & Co reaffirmed a “buy” rating on shares of Great Ajax Corp. in a report on Thursday, April 20th. Zacks Investment Research raised shares of Great Ajax Corp. from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Tuesday, May 9th. Finally, BidaskClub downgraded shares of Great Ajax Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $15.30.
Institutional investors have recently bought and sold shares of the company. American International Group Inc. increased its position in Great Ajax Corp. by 8.3% in the first quarter. American International Group Inc. now owns 8,067 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 619 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Great Ajax Corp. during the fourth quarter worth about $163,000. Cambridge Investment Research Advisors Inc. purchased a new position in Great Ajax Corp. during the second quarter worth about $192,000. Teachers Advisors LLC increased its position in Great Ajax Corp. by 28.3% in the fourth quarter. Teachers Advisors LLC now owns 18,589 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 4,096 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Great Ajax Corp. by 15.6% in the second quarter. Rhumbline Advisers now owns 17,933 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 2,415 shares in the last quarter. 71.93% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Great Ajax Corp. (NYSE AJX) opened at 14.48 on Wednesday. Great Ajax Corp. has a 52-week low of $12.61 and a 52-week high of $14.98. The firm’s 50-day moving average is $14.06 and its 200 day moving average is $13.55. The company has a market capitalization of $263.09 million, a price-to-earnings ratio of 9.25 and a beta of 0.88.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 8.29%. This is an increase from Great Ajax Corp.’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, August 11th. Great Ajax Corp.’s payout ratio is currently 71.34%.
About Great Ajax Corp.
Great Ajax Corp. is an externally managed real estate company. The Company is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. Its segment is focused on non-performing mortgages and re-performing mortgages.
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