Wall Street analysts expect Great Ajax Corp (NYSE:AJX) to announce earnings per share (EPS) of $0.24 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Great Ajax’s earnings, with estimates ranging from $0.21 to $0.26. Great Ajax posted earnings of $0.31 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 22.6%. The business is scheduled to announce its next quarterly earnings results on Tuesday, August 4th.
According to Zacks, analysts expect that Great Ajax will report full year earnings of $0.77 per share for the current year, with EPS estimates ranging from $0.70 to $0.83. For the next fiscal year, analysts expect that the company will post earnings of $1.31 per share, with EPS estimates ranging from $1.12 to $1.49. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Great Ajax.
Great Ajax (NYSE:AJX) last released its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.26). Great Ajax had a return on equity of 5.75% and a net margin of 43.43%. The business had revenue of $14.22 million for the quarter, compared to analyst estimates of $11.85 million.
Several equities analysts have issued reports on the company. ValuEngine upgraded Great Ajax from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 6th. TheStreet cut Great Ajax from a “c” rating to a “d+” rating in a research report on Monday, May 18th. Raymond James boosted their target price on Great Ajax from $8.50 to $10.50 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, B. Riley dropped their target price on Great Ajax from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Great Ajax presently has a consensus rating of “Hold” and an average price target of $13.63.
Several large investors have recently made changes to their positions in AJX. Shoals Capital Management LP boosted its stake in shares of Great Ajax by 85.7% during the 4th quarter. Shoals Capital Management LP now owns 650,000 shares of the real estate investment trust’s stock worth $9,627,000 after acquiring an additional 300,000 shares in the last quarter. State Street Corp lifted its stake in Great Ajax by 30.1% in the 1st quarter. State Street Corp now owns 650,283 shares of the real estate investment trust’s stock valued at $4,136,000 after buying an additional 150,442 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Great Ajax by 68.2% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 353,564 shares of the real estate investment trust’s stock valued at $5,236,000 after buying an additional 143,340 shares in the last quarter. Almitas Capital LLC lifted its stake in Great Ajax by 21.6% in the 1st quarter. Almitas Capital LLC now owns 625,977 shares of the real estate investment trust’s stock valued at $3,981,000 after buying an additional 111,056 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Great Ajax by 3.7% in the 1st quarter. Wellington Management Group LLP now owns 3,049,142 shares of the real estate investment trust’s stock valued at $19,393,000 after buying an additional 108,582 shares in the last quarter. 66.94% of the stock is currently owned by institutional investors and hedge funds.
NYSE AJX opened at $9.86 on Tuesday. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 2.08. The business’s 50 day moving average is $8.10 and its two-hundred day moving average is $11.79. Great Ajax has a 12-month low of $3.96 and a 12-month high of $15.96. The stock has a market capitalization of $245.02 million, a price-to-earnings ratio of 7.89 and a beta of 1.60.
The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 6.90%. The ex-dividend date was Thursday, May 14th. Great Ajax’s dividend payout ratio (DPR) is 45.03%.
About Great Ajax
Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. The company elected to be taxed as a real estate investment trust for U.S.
Read More: What is Blockchain?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Great Ajax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Ajax and related companies with MarketBeat.com's FREE daily email newsletter.