Great Ajax (NYSE:AJX) Rating Lowered to Hold at StockNews.com

Great Ajax (NYSE:AJXGet Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

AJX has been the topic of a number of other research reports. Compass Point raised shares of Great Ajax from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, May 17th. B. Riley lowered their target price on shares of Great Ajax from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, July 21st. Finally, JMP Securities reduced their price target on Great Ajax from $15.00 to $11.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 26th.

Great Ajax Stock Performance

Shares of Great Ajax stock opened at $10.86 on Thursday. The stock has a market cap of $251.78 million, a price-to-earnings ratio of 8.55 and a beta of 1.74. Great Ajax has a twelve month low of $8.68 and a twelve month high of $14.74. The company’s fifty day moving average is $10.14 and its 200 day moving average is $10.75. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 1.72.

Great Ajax (NYSE:AJXGet Rating) last released its earnings results on Thursday, May 5th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.21). Great Ajax had a return on equity of 9.55% and a net margin of 53.18%. During the same period last year, the firm posted $0.30 EPS. Sell-side analysts forecast that Great Ajax will post 1.05 EPS for the current year.

Insiders Place Their Bets

In other Great Ajax news, major shareholder Magnetar Financial Llc sold 200,000 shares of the stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $24.53, for a total transaction of $4,906,000.00. Following the sale, the insider now directly owns 43,300 shares in the company, valued at approximately $1,062,149. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 1,200,000 shares of company stock valued at $29,722,000. 6.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AJX. Advisor Group Holdings Inc. raised its position in shares of Great Ajax by 5.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 92,611 shares of the real estate investment trust’s stock valued at $1,219,000 after buying an additional 4,489 shares in the last quarter. Raymond James & Associates purchased a new position in Great Ajax during the fourth quarter worth $366,000. BNP Paribas Arbitrage SA grew its stake in shares of Great Ajax by 73.5% during the fourth quarter. BNP Paribas Arbitrage SA now owns 10,861 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 4,600 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Great Ajax by 6.0% during the fourth quarter. Citigroup Inc. now owns 69,463 shares of the real estate investment trust’s stock valued at $914,000 after purchasing an additional 3,908 shares during the period. Finally, Wiley BROS. Aintree Capital LLC grew its stake in Great Ajax by 35.3% in the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 144,229 shares of the real estate investment trust’s stock worth $1,785,000 after acquiring an additional 37,600 shares in the last quarter. Institutional investors own 80.85% of the company’s stock.

Great Ajax Company Profile

(Get Rating)

Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases.

Further Reading

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