Great Ajax (NYSE:AJX - Get Rating) will be issuing its quarterly earnings data after the market closes on Thursday, March 2nd. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
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AJX traded down $0.19 on Friday, reaching $8.49. 7,822 shares of the stock were exchanged, compared to its average volume of 59,196. The company's 50-day moving average price is $8.26 and its 200 day moving average price is $8.38. Great Ajax has a fifty-two week low of $7.02 and a fifty-two week high of $11.78. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a market capitalization of $194.34 million, a PE ratio of -13.44 and a beta of 1.79.
Separately, TheStreet cut Great Ajax from a "c-" rating to a "d" rating in a research report on Friday, November 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $13.50.
In related news, CFO Mary B. Doyle sold 3,612 shares of Great Ajax stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $7.56, for a total value of $27,306.72. Following the completion of the transaction, the chief financial officer now owns 95,759 shares in the company, valued at approximately $723,938.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.00% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of AJX. Wells Fargo & Company MN increased its stake in Great Ajax by 194.1% during the 4th quarter. Wells Fargo & Company MN now owns 4,856 shares of the real estate investment trust's stock worth $35,000 after buying an additional 3,205 shares in the last quarter. Virtu Financial LLC purchased a new stake in Great Ajax during the 4th quarter worth approximately $80,000. Barclays PLC increased its stake in Great Ajax by 72.5% during the 4th quarter. Barclays PLC now owns 12,389 shares of the real estate investment trust's stock worth $89,000 after buying an additional 5,206 shares in the last quarter. MetLife Investment Management LLC increased its stake in Great Ajax by 54.3% during the 1st quarter. MetLife Investment Management LLC now owns 12,130 shares of the real estate investment trust's stock worth $142,000 after buying an additional 4,270 shares in the last quarter. Finally, Citigroup Inc. increased its stake in Great Ajax by 502.1% during the 4th quarter. Citigroup Inc. now owns 30,341 shares of the real estate investment trust's stock worth $220,000 after buying an additional 25,302 shares in the last quarter. 74.63% of the stock is currently owned by hedge funds and other institutional investors.
Great Ajax is an externally managed real estate investment trust (REIT) that acquires, invests, and manages a portfolio of mortgage loans secured by single-family residences and single-family properties.
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