Great Ajax (AJX) Stock Price, News & Analysis

Company Overview

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. The company elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. Great Ajax Corp. was incorporated in 2014 and is based in Tigard, Oregon.

Key Stats

• Today's Range: $2.93 to $3.04
• 50-Day Range: $2.95 to $3.67
• 52-Week Range: $2.92 to $6.01
• Volume: 136,339 shs
• Average Volume: 143,212 shs
• Market Capitalization: $133.76 million
• P/E Ratio: N/A
• Dividend Yield: 8.15%
• Price Target: $6.00
• Consensus Rating: Hold

Great Ajax Stock Analysis - MarketRank™

Great Ajax scored higher than 91% of companies evaluated by MarketBeat, and ranked 190th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Great Ajax has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Great Ajax has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Great Ajax are expected to grow in the coming year, from ($2.93) to $0.39 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Great Ajax is -0.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Great Ajax is -0.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Great Ajax has a P/B Ratio of 0.54. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.40% of the outstanding shares of Great Ajax have been sold short.

Short Interest Ratio / Days to Cover

Great Ajax has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Great Ajax has recently increased by 22.29%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Great Ajax is a leading dividend payer. It pays a dividend yield of 7.97%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Great Ajax does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Great Ajax will have a dividend payout ratio of 61.54% next year. This indicates that Great Ajax will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.1 / 5
• Environmental Score: -2.48

Percentage of Shares Shorted

0.40% of the outstanding shares of Great Ajax have been sold short.

Short Interest Ratio / Days to Cover

Great Ajax has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Great Ajax has recently increased by 22.29%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 0.98

News Sentiment

Great Ajax has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Great Ajax this week, compared to 1 article on an average week.

Search Interest

1 people have searched for AJX on MarketBeat in the last 30 days.

MarketBeat Follows

1 people have added Great Ajax to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Great Ajax insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.30% of the stock of Great Ajax is held by insiders.

Percentage Held by Institutions

58.60% of the stock of Great Ajax is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AJX Stock Analysis - Frequently Asked Questions

How have AJX shares performed this year?

Great Ajax's stock was trading at $5.30 at the start of the year. Since then, AJX shares have decreased by 44.4% and is now trading at $2.9450.
View the best growth stocks for 2024 here.

How were Great Ajax's earnings last quarter?

Great Ajax Corp. (NYSE:AJX) posted its quarterly earnings data on Monday, October, 21st. The real estate investment trust reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.38) by $0.26. The real estate investment trust earned $12.35 million during the quarter. Great Ajax had a negative net margin of 203.61% and a negative trailing twelve-month return on equity of 8.35%.

When did Great Ajax IPO?

Great Ajax (AJX) raised $93 million in an IPO on Friday, February 13th 2015. The company issued 5,800,000 shares at a price of $15.00-$17.00 per share. FBR, Sterne Agee and Nomura acted as the underwriters for the IPO and Ladenburg Thalmann and MLV were co-managers.

Who are Great Ajax's major shareholders?

Top institutional shareholders of Great Ajax include Wellington Management Group LLP (11.74%), Hotchkis & Wiley Capital Management LLC (1.40%), Geode Capital Management LLC (1.01%) and Centiva Capital LP (0.74%). Insiders that own company stock include Mary B Doyle and Magnetar Financial Llc.
View institutional ownership trends.

How do I buy shares of Great Ajax?

Shares of AJX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Great Ajax own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Great Ajax investors own include Energy Transfer (ET), AT&T (T), Annaly Capital Management (NLY), NVIDIA (NVDA), Verizon Communications (VZ), AGNC Investment (AGNC) and Pfizer (PFE).

Company Calendar

• Ex-Dividend for 8/30 Dividend: 8/15/2024
• Dividend Payable: 8/30/2024
• Last Earnings: 10/21/2024
• Ex-Dividend for 11/29 Dividend: 11/15/2024
• Today: 11/21/2024
• Dividend Payable: 11/29/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/24/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:AJX
• CUSIP: N/A
• CIK: 1614806
• Web: www.great-ajax.com
• Phone: (503) 505-5670
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $6.00
• High Stock Price Target: $6.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +103.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($3.77)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-47,070,000.00
• Net Margins: -203.61%
• Pretax Margin: -203.33%
• Return on Equity: -8.35%
• Return on Assets: -1.99%

Debt

• Debt-to-Equity Ratio: 1.08
• Current Ratio: 1.51
• Quick Ratio: 1.51

Sales & Book Value

• Annual Sales: $72.33 million
• Price / Sales: 1.85
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $10.06 per share
• Price / Book: 0.29

Miscellaneous

• Outstanding Shares: 45,420,000
• Free Float: 44,376,000
• Market Cap: $133.76 million
• Optionable: Not Optionable
• Beta: 1.90