Great Ajax (NYSE:AJX) Coverage Initiated at StockNews.com

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

Separately, BTIG Research began coverage on shares of Great Ajax in a report on Tuesday, September 10th. They issued a “neutral” rating on the stock.

Great Ajax Price Performance

Great Ajax has a 12 month low of $2.92 and a 12 month high of $6.01. The stock has a 50 day simple moving average of $3.12 and a two-hundred day simple moving average of $3.34. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $137.17 million, a P/E ratio of -0.80 and a beta of 1.88.

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

Institutional Inflows and Outflows

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

Great Ajax Company Profile

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.