StockNews.com Begins Coverage on Great Ajax (NYSE:AJX)

Research analysts at StockNews.com initiated coverage on shares of Great Ajax (NYSE:AJX – Get Rating) in a research note issued on Thursday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

A number of other analysts also recently commented on AJX. B. Riley lowered their target price on Great Ajax from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, March 8th. Raymond James lowered their price objective on Great Ajax from $11.00 to $10.50 and set an “outperform” rating on the stock in a research report on Monday. Finally, TheStreet lowered shares of Great Ajax from a “c-” rating to a “d” rating in a report on Friday, November 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.38.

Great Ajax Trading Down 2.3 %

NYSE AJX opened at $6.69 on Thursday. The company has a fifty day moving average of $8.37 and a 200 day moving average of $8.15. The company has a market capitalization of $154.74 million, a PE ratio of -5.31 and a beta of 1.80. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.86 and a quick ratio of 1.86. Great Ajax has a 1 year low of $6.53 and a 1 year high of $11.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AJX. Raymond James & Associates boosted its holdings in Great Ajax by 38.0% in the 1st quarter. Raymond James & Associates now owns 38,344 shares of the real estate investment trust’s stock worth $450,000 after buying an additional 10,566 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Great Ajax in the first quarter valued at approximately $536,000. MetLife Investment Management LLC boosted its stake in shares of Great Ajax by 54.3% in the first quarter. MetLife Investment Management LLC now owns 12,130 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 4,270 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Great Ajax by 2.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 57,853 shares of the real estate investment trust’s stock worth $679,000 after purchasing an additional 1,545 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Great Ajax by 5.1% in the 1st quarter. Renaissance Technologies LLC now owns 165,248 shares of the real estate investment trust’s stock valued at $1,938,000 after purchasing an additional 8,000 shares during the last quarter. Hedge funds and other institutional investors own 74.63% of the company’s stock.

About Great Ajax

(Get Rating)

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.