Great Ajax (NYSE:AJX) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Great Ajax (NYSE:AJX) in a research note issued to investors on Friday. The firm 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 Stock Performance

The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.08. The company has a market cap of $137.17 million, a PE ratio of -0.80 and a beta of 1.88. The company’s fifty day moving average is $3.12 and its two-hundred day moving average is $3.34. Great Ajax has a 52 week low of $2.92 and a 52 week high of $6.01.

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

Institutional Trading of Great Ajax

A number of large investors have recently added to or reduced their stakes in AJX. Barclays PLC bought a new position in Great Ajax during the third quarter valued at $81,000. Geode Capital Management LLC grew its stake in shares of Great Ajax by 42.6% during the 3rd quarter. Geode Capital Management LLC now owns 460,256 shares of the real estate investment trust’s stock worth $1,533,000 after acquiring an additional 137,578 shares during the period. Wellington Management Group LLP increased its holdings in Great Ajax by 18.9% in the 3rd quarter. Wellington Management Group LLP now owns 5,332,822 shares of the real estate investment trust’s stock worth $17,758,000 after acquiring an additional 848,688 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Great Ajax in the 3rd quarter valued at about $62,000. Finally, Raffles Associates LP lifted its holdings 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 valued at $244,000 after purchasing an additional 33,161 shares during the last quarter. Hedge funds and other institutional investors 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.