Raymond James Financial Services Advisors Inc. Grows Position in Great Ajax Corp. (NYSE:AJX)

Raymond James Financial Services Advisors Inc. raised its holdings in shares of Great Ajax Corp. (NYSE:AJXGet Rating) by 10.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 98,252 shares of the real estate investment trust’s stock after purchasing an additional 9,225 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Great Ajax were worth $738,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AJX. Amalgamated Bank bought a new position in shares of Great Ajax during the first quarter valued at approximately $31,000. MetLife Investment Management LLC increased its holdings in shares of Great Ajax by 54.3% in the 1st quarter. MetLife Investment Management LLC now owns 12,130 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 4,270 shares during the period. Invesco Ltd. increased its holdings in shares of Great Ajax by 6.0% in the 1st quarter. Invesco Ltd. now owns 37,875 shares of the real estate investment trust’s stock valued at $444,000 after acquiring an additional 2,145 shares during the period. Raymond James & Associates raised its position in shares of Great Ajax by 38.0% in the 1st quarter. Raymond James & Associates now owns 38,344 shares of the real estate investment trust’s stock worth $450,000 after acquiring an additional 10,566 shares in the last quarter. Finally, Camelot Portfolios LLC boosted its position in Great Ajax by 17.5% during the second quarter. Camelot Portfolios LLC now owns 51,763 shares of the real estate investment trust’s stock valued at $496,000 after purchasing an additional 7,706 shares in the last quarter. Hedge funds and other institutional investors own 74.63% of the company’s stock.

Analysts Set New Price Targets

AJX has been the subject of a number of recent research reports. B. Riley reduced their target price on shares of Great Ajax from $17.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, October 25th. StockNews.com assumed coverage on shares of Great Ajax in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Raymond James reduced their price target on Great Ajax from $14.50 to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 18th. Finally, TheStreet downgraded Great Ajax from a “c-” rating to a “d” rating in a research note on Friday, November 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Great Ajax presently has a consensus rating of “Moderate Buy” and an average target price of $13.50.

Insider Buying and Selling at Great Ajax

In other news, CFO Mary B. Doyle sold 3,612 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $7.56, for a total value of $27,306.72. Following the completion of the transaction, the chief financial officer now directly owns 95,759 shares in the company, valued at $723,938.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.00% of the company’s stock.

Great Ajax Trading Up 0.6 %

Shares of Great Ajax stock opened at $8.80 on Tuesday. Great Ajax Corp. has a 12-month low of $7.02 and a 12-month high of $13.14. The firm’s 50 day simple moving average is $7.76 and its two-hundred day simple moving average is $8.60. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $201.46 million, a price-to-earnings ratio of -13.75 and a beta of 1.72.

Great Ajax Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 29th. Shareholders of record on Tuesday, November 15th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, November 14th. This represents a $1.08 dividend on an annualized basis and a yield of 12.27%. Great Ajax’s dividend payout ratio is currently -168.75%.

Great Ajax Profile

(Get Rating)

Great Ajax is an externally managed real estate investment trust (REIT) that acquires, invests, and manages a portfolio of mortgage loans secured by single-family residences and single-family properties.

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Institutional Ownership by Quarter for Great Ajax (NYSE:AJX)

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