Two Sigma Advisers LP lifted its holdings in shares of Great Ajax (NYSE:AJX) by 27.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,500 shares of the real estate investment trust’s stock after acquiring an additional 6,745 shares during the quarter. Two Sigma Advisers LP owned about 0.17% of Great Ajax worth $435,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of AJX. State Street Corp lifted its holdings in shares of Great Ajax by 14.0% during the 2nd quarter. State Street Corp now owns 213,596 shares of the real estate investment trust’s stock valued at $2,989,000 after acquiring an additional 26,212 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Great Ajax during the 3rd quarter valued at $664,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Great Ajax by 36.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 27,000 shares of the real estate investment trust’s stock valued at $374,000 after acquiring an additional 7,200 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Great Ajax by 21.1% during the 4th quarter. Wells Fargo & Company MN now owns 47,682 shares of the real estate investment trust’s stock valued at $659,000 after acquiring an additional 8,312 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC acquired a new position in shares of Great Ajax during the 4th quarter valued at $2,945,000. Institutional investors and hedge funds own 72.97% of the company’s stock.
Several research firms recently weighed in on AJX. B. Riley restated a “buy” rating and set a $18.00 target price on shares of Great Ajax in a report on Wednesday, March 7th. TheStreet upgraded shares of Great Ajax from a “d” rating to a “c+” rating in a report on Monday, February 12th. Finally, Zacks Investment Research lowered shares of Great Ajax from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Great Ajax presently has a consensus rating of “Buy” and a consensus price target of $16.50.
Great Ajax (NYSE:AJX) last released its quarterly earnings results on Tuesday, March 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.06). Great Ajax had a return on equity of 9.90% and a net margin of 52.79%. The firm had revenue of $13.80 million for the quarter, compared to analysts’ expectations of $14.11 million. equities analysts expect that Great Ajax will post 1.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 8.94%. The ex-dividend date of this dividend was Wednesday, March 14th. Great Ajax’s dividend payout ratio (DPR) is 76.43%.
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About Great Ajax
Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties, such as one to four unit homes and smaller commercial properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases.
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