StockNews.com Initiates Coverage on Great Ajax (NYSE:AJX)

Analysts at StockNews.com assumed coverage on shares of Great Ajax (NYSE:AJX) in a report released on Saturday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Separately, BTIG Research initiated coverage on Great Ajax in a research report on Tuesday, September 10th. They issued a “neutral” rating for the company.

Great Ajax Stock Performance

Great Ajax has a fifty-two week low of $2.92 and a fifty-two week high of $6.01. The business has a fifty day simple moving average of $3.12 and a 200-day simple moving average of $3.34. The stock has a market capitalization of $137.17 million, a PE ratio of -0.80 and a beta of 1.88. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.08.

Great Ajax (NYSE:AJX) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.26. The company had revenue of $12.35 million for the quarter. Great Ajax had a negative return on equity of 8.35% and a negative net margin of 203.61%. During the same quarter in the previous year, the company earned ($0.25) EPS. Equities research analysts predict that Great Ajax will post -2.93 EPS for the current year.

Institutional Trading of Great Ajax

A number of institutional investors and hedge funds have recently modified their holdings of AJX. Algert Global LLC purchased a new stake in shares of Great Ajax during the second quarter valued at $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Great Ajax during the 3rd quarter valued at about $62,000. Barclays PLC purchased a new stake in shares of Great Ajax during the 3rd quarter valued at about $81,000. Sei Investments Co. boosted its holdings in shares of Great Ajax by 16.6% during the 2nd quarter. Sei Investments Co. now owns 26,641 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 3,800 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Great Ajax in the second quarter worth approximately $98,000. Institutional investors own 58.60% of the company’s stock.

About Great Ajax

Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties.