Great Ajax Corp. (NYSE:AJX) Expected to Post Quarterly Sales of $15.01 Million

Equities analysts expect Great Ajax Corp. (NYSE:AJX – Get Rating) to announce $15.01 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Great Ajax’s earnings. The lowest sales estimate is $14.70 million and the highest is $15.60 million. Great Ajax posted sales of $13.73 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.3%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Great Ajax will report full-year sales of $62.70 million for the current financial year, with estimates ranging from $59.10 million to $64.89 million. For the next financial year, analysts expect that the firm will report sales of $67.30 million, with estimates ranging from $62.40 million to $72.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Great Ajax.

Great Ajax (NYSE:AJX – Get Rating) last posted its quarterly earnings data on Thursday, March 3rd. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.05). Great Ajax had a net margin of 54.37% and a return on equity of 10.30%. During the same period in the prior year, the business earned $0.41 earnings per share.

Several equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on Great Ajax in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered Great Ajax from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 8th. Finally, Compass Point lowered Great Ajax from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a research note on Friday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.20.

NYSE:AJX opened at $10.40 on Monday. The company has a market cap of $240.75 million, a price-to-earnings ratio of 7.32 and a beta of 1.77. Great Ajax has a 1 year low of $10.17 and a 1 year high of $14.74. The company has a 50 day moving average of $11.38. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.20 and a quick ratio of 2.20.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Friday, March 18th were paid a dividend of $0.26 per share. This is a positive change from Great Ajax’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.00%. The ex-dividend date was Thursday, March 17th. Great Ajax’s dividend payout ratio (DPR) is currently 73.24%.

Several hedge funds have recently modified their holdings of AJX. Metropolitan Life Insurance Co NY bought a new stake in shares of Great Ajax during the 3rd quarter worth approximately $80,000. BNP Paribas Arbitrage SA increased its holdings in Great Ajax by 51.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,261 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 2,119 shares during the period. Barclays PLC increased its holdings in Great Ajax by 227.0% during the 3rd quarter. Barclays PLC now owns 8,972 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 6,228 shares during the period. Voya Investment Management LLC purchased a new position in Great Ajax during the 3rd quarter worth $148,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Great Ajax during the 3rd quarter worth $181,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Great Ajax Company Profile (Get Rating)

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.

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