Shares of Great Ajax Corp. (NYSE:AJX) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.38.
Several analysts have weighed in on AJX shares. FBR & Co reiterated a “buy” rating on shares of Great Ajax Corp. in a research note on Thursday, November 3rd. JMP Securities started coverage on shares of Great Ajax Corp. in a research note on Thursday, October 20th. They set a “mkt outperform” rating and a $16.00 target price for the company. Zacks Investment Research lowered shares of Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 4th. Raymond James Financial Inc. initiated coverage on shares of Great Ajax Corp. in a research report on Tuesday. They set an “outperform” rating and a $16.00 price target for the company. Finally, Nomura lowered shares of Great Ajax Corp. from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $16.00 to $14.50 in a research report on Wednesday, November 9th.
Shares of Great Ajax Corp. (NYSE:AJX) traded down 0.22% during trading on Friday, hitting $13.35. 13,030 shares of the stock were exchanged. The stock has a market cap of $241.89 million, a P/E ratio of 7.19 and a beta of 1.06. Great Ajax Corp. has a 12-month low of $9.06 and a 12-month high of $14.48. The stock has a 50-day moving average of $13.68 and a 200 day moving average of $13.71.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 7.47%. The ex-dividend date of this dividend is Monday, November 14th. Great Ajax Corp.’s payout ratio is currently 53.48%.
A number of large investors have recently bought and sold shares of AJX. American International Group Inc. increased its stake in Great Ajax Corp. by 193.5% in the second quarter. American International Group Inc. now owns 7,457 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 4,916 shares during the last quarter. Nationwide Fund Advisors increased its stake in Great Ajax Corp. by 205.8% in the second quarter. Nationwide Fund Advisors now owns 8,253 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 5,554 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Great Ajax Corp. during the second quarter valued at $146,000. The Manufacturers Life Insurance Company bought a new stake in Great Ajax Corp. during the third quarter valued at $159,000. Finally, Rhumbline Advisers bought a new stake in Great Ajax Corp. during the third quarter valued at $173,000. 73.64% of the stock is owned by institutional investors and hedge funds.