Raymond James Financial Services Advisors Inc. Boosts Stock Position in Great Ajax Corp. (NYSE:AJX)

Raymond James Financial Services Advisors Inc. increased its position in Great Ajax Corp. (NYSE:AJXGet Rating) by 10.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,252 shares of the real estate investment trust’s stock after acquiring an additional 9,225 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.43% of Great Ajax worth $738,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Great Ajax by 67.7% in the first quarter. State Street Corp now owns 623,080 shares of the real estate investment trust’s stock valued at $7,309,000 after acquiring an additional 251,443 shares in the last quarter. Millennium Management LLC boosted its stake in Great Ajax by 487.2% in the 2nd quarter. Millennium Management LLC now owns 276,843 shares of the real estate investment trust’s stock worth $2,655,000 after purchasing an additional 229,696 shares during the period. Goldman Sachs Group Inc. grew its holdings in Great Ajax by 83.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 295,592 shares of the real estate investment trust’s stock valued at $3,467,000 after buying an additional 134,465 shares in the last quarter. Citadel Advisors LLC raised its position in shares of Great Ajax by 129.3% during the second quarter. Citadel Advisors LLC now owns 124,812 shares of the real estate investment trust’s stock valued at $1,197,000 after buying an additional 70,371 shares during the last quarter. Finally, Beach Point Capital Management LP boosted its position in shares of Great Ajax by 16.4% during the second quarter. Beach Point Capital Management LP now owns 334,280 shares of the real estate investment trust’s stock worth $3,206,000 after acquiring an additional 46,995 shares during the last quarter. Institutional investors own 74.63% of the company’s stock.

Great Ajax Trading Up 0.6 %

Shares of NYSE AJX opened at $8.80 on Tuesday. Great Ajax Corp. has a 1-year low of $7.02 and a 1-year high of $13.14. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.89 and a quick ratio of 1.89. The business’s 50 day moving average is $7.76 and its two-hundred day moving average is $8.60. The stock has a market capitalization of $201.46 million, a P/E ratio of -13.75 and a beta of 1.72.

Great Ajax Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 29th. Investors of record on Tuesday, November 15th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, November 14th. This represents a $1.08 annualized dividend and a yield of 12.27%. Great Ajax’s payout ratio is presently -168.75%.

Insider Buying and Selling

In other news, CFO Mary B. Doyle sold 3,612 shares of the stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $7.56, for a total value of $27,306.72. Following the sale, the chief financial officer now owns 95,759 shares of the company’s stock, valued at $723,938.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Raymond James decreased their price target on shares of Great Ajax from $14.50 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 18th. StockNews.com assumed coverage on Great Ajax in a research note on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet downgraded Great Ajax from a “c-” rating to a “d” rating in a research note on Friday, November 25th. Finally, B. Riley lowered their target price on Great Ajax from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, October 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.50.

About Great Ajax

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Great Ajax is an externally managed real estate investment trust (REIT) that acquires, invests, and manages a portfolio of mortgage loans secured by single-family residences and single-family properties.

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Institutional Ownership by Quarter for Great Ajax (NYSE:AJX)

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