Great Ajax (NYSE:AJX) Now Covered by StockNews.com

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

Separately, BTIG Research initiated 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 firm has a market capitalization of $137.17 million, a PE ratio of -0.80 and a beta of 1.88. 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 has a 12-month low of $2.92 and a 12-month high of $6.01. The business’s fifty day moving average price is $3.12 and its two-hundred day moving average price is $3.34.

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. The firm had revenue of $12.35 million during the quarter. Great Ajax had a negative return on equity of 8.35% and a negative net margin of 203.61%. During the same quarter in the previous year, the business posted ($0.25) earnings per share. Sell-side analysts anticipate that Great Ajax will post -2.93 EPS for the current fiscal year.

Institutional Trading of Great Ajax

Several large investors have recently made changes to their positions in the company. Algert Global LLC bought a new position in shares of Great Ajax in the 2nd quarter worth $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Great Ajax in the third quarter valued at $62,000. Barclays PLC acquired a new position in shares of Great Ajax during the third quarter valued at about $81,000. Sei Investments Co. grew its holdings in shares of Great Ajax by 16.6% during the second 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 during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Great Ajax during the second quarter worth about $98,000. 58.60% of the stock is currently owned by institutional investors and hedge funds.

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.