Todays Report: The California State Teachers Retirement System invests in Great Ajax Corp. (AJX) Shares

The California State Teachers Retirement System invests in Great Ajax Corp. (AJX) Shares

California State Teachers Retirement System boosted its position in Great Ajax Corp. (NYSE:AJX) by 188.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,164 shares of the real estate investment trust’s stock after buying an additional 17,755 shares during the period. California State Teachers Retirement System owned approximately 0.18% of Great Ajax Corp. worth $377,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterneck Capital Management LLC boosted its stake in shares of Great Ajax Corp. by 10.0% in the first quarter. Sterneck Capital Management LLC now owns 21,969 shares of the real estate investment trust’s stock worth $246,000 after buying an additional 2,000 shares in the last quarter. Wealthsource Partners LLC bought a new stake in shares of Great Ajax Corp. during the first quarter worth approximately $257,000. State Street Corp boosted its stake in shares of Great Ajax Corp. by 15.2% in the first quarter. State Street Corp now owns 31,049 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 4,090 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Great Ajax Corp. by 15.7% in the first quarter. Geode Capital Management LLC now owns 35,273 shares of the real estate investment trust’s stock worth $394,000 after buying an additional 4,791 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Great Ajax Corp. during the first quarter worth approximately $563,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Great Ajax Corp. (NYSE:AJX) traded up 0.87% during trading on Friday, reaching $13.90. The company had a trading volume of 103,950 shares. The stock has a market capitalization of $249.41 million, a P/E ratio of 7.17 and a beta of 1.09. The stock has a 50 day moving average of $13.62 and a 200-day moving average of $13.49. Great Ajax Corp. has a 12-month low of $9.06 and a 12-month high of $14.48.

A number of analysts have recently commented on AJX shares. FBR & Co reissued a “buy” rating and issued a $18.00 price target on shares of Great Ajax Corp. in a research report on Friday, June 17th. Zacks Investment Research cut Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, Piper Jaffray Cos. began coverage on Great Ajax Corp. in a research report on Monday, June 20th. They issued an “overweight” rating and a $15.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Great Ajax Corp. presently has an average rating of “Buy” and an average target price of $16.50.

Great Ajax Corp. Company Profile

Great Ajax Corp. is an externally managed real estate company. The Company is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. Its segment is focused on non-performing mortgages and re-performing mortgages.

Related posts

Leave a Comment