Great Ajax Corp. (NYSE:AJX - Get Rating) has been given an average recommendation of "Moderate Buy" by the six brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $13.50.
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AJX has been the topic of several recent analyst reports. B. Riley lowered their price objective on shares of Great Ajax from $17.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday, October 25th. TheStreet lowered shares of Great Ajax from a "c-" rating to a "d" rating in a research note on Friday, November 25th. Finally, Raymond James decreased their price target on shares of Great Ajax from $14.50 to $13.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 18th.
In other Great Ajax news, CFO Mary B. Doyle sold 3,612 shares of the stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $7.56, for a total transaction of $27,306.72. Following 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 accessible through the SEC website. 6.00% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in AJX. BlackRock Inc. grew its position in shares of Great Ajax by 25.8% during the 3rd quarter. BlackRock Inc. now owns 1,315,860 shares of the real estate investment trust's stock worth $9,882,000 after purchasing an additional 269,557 shares in the last quarter. State Street Corp grew its position in shares of Great Ajax by 67.7% during the 1st quarter. State Street Corp now owns 623,080 shares of the real estate investment trust's stock worth $7,309,000 after purchasing an additional 251,443 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Great Ajax by 2,825.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 242,667 shares of the real estate investment trust's stock worth $1,822,000 after acquiring an additional 234,371 shares during the period. Millennium Management LLC lifted its holdings in shares of Great Ajax by 487.2% during the 2nd quarter. Millennium Management LLC now owns 276,843 shares of the real estate investment trust's stock worth $2,655,000 after acquiring an additional 229,696 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Great Ajax by 83.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 295,592 shares of the real estate investment trust's stock worth $3,467,000 after acquiring an additional 134,465 shares during the period. Institutional investors and hedge funds own 74.63% of the company's stock.
Great Ajax stock opened at $8.84 on Friday. The firm has a market capitalization of $202.35 million, a PE ratio of -13.81 and a beta of 1.79. The company's 50-day moving average is $8.01 and its 200-day moving average is $8.48. Great Ajax has a fifty-two week low of $7.02 and a fifty-two week high of $12.59. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.89 and a quick ratio of 1.89.
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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