Great Ajax Corp. (NYSE:AJX) is expected to pay $0.25 on Nov 30, 2016. The indicated annual dividend is $1.00. Shareholders owning the stock before Nov 14, 2016 will be eligible to receive the payout. Based on Great Ajax Corp.’s current price of $13.67, the dividend is 1.83%. This dividend’s record date is Nov 16, 2016 and the announcement date is Nov 2, 2016. The stock increased 1.41% or $0.19 on November 11, hitting $13.67. About 104,070 shares traded hands or 76.37% up from the average. Great Ajax Corp (NYSE:AJX) has risen 12.51% since April 12, 2016 and is uptrending. It has outperformed by 7.53% the S&P500.
Great Ajax Corp. is an externally managed real estate company. The company has a market cap of $259.84 million. The Firm is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. It has a 7.91 P/E ratio. The Company’s segment is focused on non-performing mortgages and re-performing mortgages.
Great Ajax Corp (NYSE:AJX) Ratings Coverage
Out of 3 analysts covering Great Ajax Corp (NYSE:AJX), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $16 is the highest target while $15 is the lowest. The $15.50 average target is 13.39% above today’s ($13.67) stock price. Great Ajax Corp has been the topic of 4 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Zacks given on Friday, August 7. The company was initiated on Thursday, October 20 by JMP Securities. Nomura downgraded Great Ajax Corp (NYSE:AJX) on Wednesday, November 9 to “Neutral” rating. Piper Jaffray initiated it with “Overweight” rating and $15 target price in Monday, June 20 report.
More notable recent Great Ajax Corp (NYSE:AJX) news were published by: Streetinsider.com which released: “Nomura Securities Downgrades Great Ajax Corp. (AJX) to Neutral” on November 10, 2016, also Marketwatch.com with their article: “Great Ajax started at overweight with $15 stock price target at Piper Jaffray” published on November 20, 2013, Nasdaq.com published: “Great Ajax Corp. (AJX) Ex-Dividend Date Scheduled for November 14, 2016” on November 11, 2016. More interesting news about Great Ajax Corp (NYSE:AJX) were released by: Businesswire.com and their article: “Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2016” published on May 03, 2016 as well as Businesswire.com‘s news article titled: “Great Ajax Corp. Announces Results for the Quarter Ended September 30, 2016” with publication date: November 01, 2016.
AJX Company Profile
Great Ajax Corp., incorporated on January 30, 2014, is an externally managed real estate company. The Firm is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. The Company’s segment is focused on non-performing mortgages and re-performing mortgages. The Firm also invests in loans secured by multi-family residential and commercial mixed use retail/residential properties, as well as in the properties directly. The Firm is managed by Thetis Asset Management LLC (Manager), an affiliated entity. The Company’s mortgage loans and other real estate assets are serviced by Gregory Funding LLC, an affiliated entity. The Firm conducts its business through its operating partnership, Great Ajax Operating Partnership L.P., a Delaware limited partnership, and its subsidiaries. Thetis TRS is a subsidiary of the operating partnership that owns the equity interest in the Manager.
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