Great Ajax Corp. (NYSE:AJX) Short Interest Update

Great Ajax Corp. (NYSE:AJXGet Rating) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 636,300 shares, an increase of 18.9% from the March 31st total of 535,300 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average trading volume of 90,700 shares, the short-interest ratio is presently 7.0 days.

NYSE:AJX opened at $9.70 on Wednesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 2.20 and a current ratio of 2.20. Great Ajax has a one year low of $9.06 and a one year high of $14.74. The stock has a 50-day simple moving average of $10.75. The firm has a market capitalization of $225.12 million, a PE ratio of 6.83 and a beta of 1.80.

Great Ajax (NYSE:AJXGet Rating) last released its quarterly earnings results on Thursday, March 3rd. The real estate investment trust reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.05). Great Ajax had a return on equity of 10.30% and a net margin of 54.37%. During the same period last year, the firm posted $0.41 earnings per share. As a group, equities research analysts expect that Great Ajax will post 1.44 EPS for the current fiscal year.

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 $0.26 dividend. This is a boost from Great Ajax’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, March 17th. This represents a $1.04 annualized dividend and a dividend yield of 10.72%. Great Ajax’s payout ratio is 73.24%.

Large investors have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP lifted its stake in shares of Great Ajax by 6.1% in the third quarter. Two Sigma Advisers LP now owns 85,067 shares of the real estate investment trust’s stock worth $1,148,000 after acquiring an additional 4,900 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Great Ajax during the third quarter valued at approximately $181,000. Beach Point Capital Management LP acquired a new stake in Great Ajax during the fourth quarter valued at approximately $3,674,000. Citigroup Inc. raised its stake in Great Ajax by 77.8% during the third quarter. Citigroup Inc. now owns 65,555 shares of the real estate investment trust’s stock valued at $884,000 after buying an additional 28,688 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Great Ajax by 4.2% during the 3rd quarter. Renaissance Technologies LLC now owns 194,048 shares of the real estate investment trust’s stock worth $2,618,000 after purchasing an additional 7,900 shares during the period. Institutional investors and hedge funds own 80.85% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Compass Point downgraded Great Ajax from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research report on Friday, April 8th. Zacks Investment Research raised Great Ajax from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Tuesday. JMP Securities decreased their target price on Great Ajax from $15.00 to $11.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 26th. Finally, assumed coverage on Great Ajax in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $13.20.

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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