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

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

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

Great Ajax Price 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. The company has a market capitalization of $137.17 million, a price-to-earnings ratio of -0.80 and a beta of 1.88. The firm has a 50 day moving average price of $3.12 and a 200-day moving average price of $3.34. Great Ajax has a twelve month low of $2.92 and a twelve month high of $6.01.

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, beating the consensus estimate of ($0.38) by $0.26. Great Ajax had a negative return on equity of 8.35% and a negative net margin of 203.61%. The firm had revenue of $12.35 million for the quarter. During the same quarter in the previous year, the firm posted ($0.25) EPS. On average, equities analysts expect that Great Ajax will post -2.93 EPS for the current year.

Institutional Trading of Great Ajax

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC acquired a new position in Great Ajax during the second quarter worth approximately $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Great Ajax during the 3rd quarter worth approximately $62,000. Barclays PLC acquired a new position in shares of Great Ajax during the 3rd quarter worth approximately $81,000. Sei Investments Co. raised its stake in 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 acquiring an additional 3,800 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Great Ajax during the 2nd quarter valued at $98,000. 58.60% of the stock is owned by institutional investors.

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.