Great Ajax (NYSE:AJX) Stock Passes Below 50 Day Moving Average of $4.47

Shares of Great Ajax Corp. (NYSE:AJXGet Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.47 and traded as low as $3.77. Great Ajax shares last traded at $3.86, with a volume of 169,885 shares changing hands.

Analyst Ratings Changes

AJX has been the topic of several analyst reports. B. Riley restated a “buy” rating and set a $6.00 price target (down previously from $8.00) on shares of Great Ajax in a research report on Thursday, March 21st. StockNews.com lowered shares of Great Ajax from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Finally, JMP Securities lowered shares of Great Ajax from an “outperform” rating to a “market perform” rating in a research report on Friday, January 12th.

Check Out Our Latest Report on Great Ajax

Great Ajax Stock Up 1.6 %

The business’s 50-day moving average is $4.47 and its two-hundred day moving average is $5.02. The stock has a market capitalization of $106.00 million, a price-to-earnings ratio of -1.96 and a beta of 1.87. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.86.

Great Ajax (NYSE:AJXGet Free Report) last announced its earnings results on Monday, February 26th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.28). The company had revenue of $17.66 million for the quarter, compared to analysts’ expectations of $5.65 million. Equities analysts anticipate that Great Ajax Corp. will post 0.02 EPS for the current year.

Great Ajax Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 10.36%. The ex-dividend date of this dividend was Thursday, March 14th. Great Ajax’s dividend payout ratio (DPR) is presently -20.30%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in Great Ajax during the 4th quarter worth approximately $27,000. Simplex Trading LLC grew its holdings in Great Ajax by 73.5% during the 4th quarter. Simplex Trading LLC now owns 5,946 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 2,518 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Great Ajax by 194.1% during the 4th quarter. Wells Fargo & Company MN now owns 4,856 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 3,205 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Great Ajax during the 3rd quarter worth approximately $39,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Great Ajax by 903.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,308 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 11,081 shares in the last quarter. Institutional investors and hedge funds own 58.60% of the company’s stock.

Great Ajax Company Profile

(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.

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