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

Equities researchers at StockNews.com assumed coverage on shares of Great Ajax (NYSE:AJX) in a research note issued on Sunday. 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 set a “neutral” rating on the stock.

Great Ajax Price Performance

The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.08. The firm has a market cap of $137.17 million, a PE ratio of -0.80 and a beta of 1.88. Great Ajax has a 12 month low of $2.92 and a 12 month 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.

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

Institutional Investors Weigh In On Great Ajax

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