Great Ajax (NYSE:AJX) Share Price Passes Above 50 Day Moving Average of $6.65

Great Ajax Corp. (NYSE:AJXGet Free Report)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.65 and traded as high as $6.72. Great Ajax shares last traded at $6.70, with a volume of 188,536 shares traded.

Analyst Ratings Changes

AJX has been the subject of a number of research analyst reports. Raymond James lowered shares of Great Ajax from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. JMP Securities restated a “market outperform” rating and issued a $9.00 price target on shares of Great Ajax in a research note on Friday, July 21st. StockNews.com assumed coverage on shares of Great Ajax in a research note on Wednesday. They set a “sell” rating for the company. B. Riley lowered their target price on shares of Great Ajax from $12.00 to $10.00 in a research note on Thursday, June 1st. Finally, Piper Sandler lowered their target price on shares of Great Ajax from $11.00 to $10.00 in a research note on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.88.

Check Out Our Latest Research Report on AJX

Great Ajax Trading Up 1.4 %

The company has a market cap of $158.32 million, a price-to-earnings ratio of -3.60 and a beta of 1.81. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.91 and a quick ratio of 1.91. The firm’s fifty day moving average price is $6.65 and its 200-day moving average price is $6.61.

Great Ajax Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 11.94%. The ex-dividend date is Monday, August 14th. Great Ajax’s dividend payout ratio (DPR) is -43.01%.

Hedge Funds Weigh In On Great Ajax

Several hedge funds and other institutional investors have recently modified their holdings of AJX. Raymond James & Associates boosted its holdings in shares of Great Ajax by 38.0% during the first quarter. Raymond James & Associates now owns 38,344 shares of the real estate investment trust’s stock valued at $450,000 after acquiring an additional 10,566 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Great Ajax in the first quarter worth about $536,000. MetLife Investment Management LLC lifted its holdings in 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 purchasing an additional 4,270 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Great Ajax by 2.7% in 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 during the period. Finally, Renaissance Technologies LLC lifted its holdings in Great Ajax by 5.1% in the first quarter. Renaissance Technologies LLC now owns 165,248 shares of the real estate investment trust’s stock worth $1,938,000 after purchasing an additional 8,000 shares during the period. Institutional investors and hedge funds own 58.60% of the company’s stock.

About Great Ajax

(Get Free Report)

Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties.

Further Reading

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