Great Ajax (NYSE:AJX) Earns Sell Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Great Ajax (NYSE:AJX) in a research report issued to clients and investors on Friday. The firm set a “sell” rating on the real estate investment trust’s stock.

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

Great Ajax Stock Performance

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 has a fifty-two week low of $2.92 and a fifty-two week high of $6.01. The firm has a market capitalization of $137.17 million, a price-to-earnings ratio of -0.80 and a beta of 1.88. The business’s 50 day simple moving average is $3.12 and its two-hundred day simple moving average is $3.34.

Great Ajax (NYSE:AJX) last announced 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 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 period in the previous year, the firm posted ($0.25) earnings per share. Sell-side analysts forecast that Great Ajax will post -2.93 EPS for the current year.

Institutional Investors Weigh In On Great Ajax

Several hedge funds and other institutional investors have recently modified their holdings of the company. Algert Global LLC bought a new position in shares of Great Ajax in the 2nd quarter worth $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Great Ajax in the third quarter valued at $62,000. Barclays PLC bought a new position in shares of Great Ajax in the third quarter valued at $81,000. Sei Investments Co. grew its holdings in shares of Great Ajax by 16.6% during the second 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 during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Great Ajax during the second quarter worth about $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.