Great Ajax (NYSE:AJX) Earns Sell Rating from Analysts at StockNews.com

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

Separately, BTIG Research began coverage on Great Ajax in a research note on Tuesday, September 10th. They issued a “neutral” rating on the stock.

Great Ajax Price Performance

The company has a fifty day moving average price of $3.14 and a two-hundred day moving average price of $3.35. The firm has a market capitalization of $137.17 million, a price-to-earnings ratio of -0.80 and a beta of 1.88. Great Ajax has a twelve month low of $2.92 and a twelve month high of $6.01. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.51 and a current ratio of 1.51.

Great Ajax (NYSE:AJX) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.26. Great Ajax had a negative return on equity of 8.35% and a negative net margin of 203.61%. The firm had revenue of $12.35 million for the quarter. During the same period in the prior year, the business posted ($0.25) EPS. Analysts anticipate that Great Ajax will post -2.93 earnings per share for the current fiscal year.

Institutional Trading of Great Ajax

Several institutional investors have recently modified their holdings of AJX. Vanguard Group Inc. boosted its holdings in Great Ajax by 10.3% during the first quarter. Vanguard Group Inc. now owns 1,217,207 shares of the real estate investment trust’s stock valued at $4,625,000 after purchasing an additional 114,046 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Great Ajax during the 2nd quarter worth approximately $98,000. Sei Investments Co. boosted its stake in Great Ajax by 16.6% in the 2nd quarter. Sei Investments Co. now owns 26,641 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 3,800 shares in the last quarter. Algert Global LLC bought a new stake in Great Ajax in the second quarter valued at $43,000. Finally, Raffles Associates LP raised its stake in Great Ajax by 82.7% during the third quarter. Raffles Associates LP now owns 73,280 shares of the real estate investment trust’s stock worth $244,000 after acquiring an additional 33,161 shares in the last quarter. Institutional investors and hedge funds own 58.60% of the company’s stock.

About Great Ajax

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.