Ares Management LLC Invests $1.37 Million in Great Ajax Corp. (NYSE:AJX) Stock
Ares Management LLC purchased a new position in shares of Great Ajax Corp. (NYSE:AJX) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 97,808 shares of the real estate investment trust’s stock, valued at approximately $1,367,000. Ares Management LLC owned 0.55% of Great Ajax Corp. at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of AJX. American International Group Inc. lifted its holdings in Great Ajax Corp. by 8.3% in the first quarter. American International Group Inc. now owns 8,067 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 619 shares during the period. Nationwide Fund Advisors lifted its holdings in Great Ajax Corp. by 16.3% in the second quarter. Nationwide Fund Advisors now owns 9,600 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 1,347 shares during the period. Bard Associates Inc. increased its position in shares of Great Ajax Corp. by 1.0% in the first quarter. Bard Associates Inc. now owns 190,665 shares of the real estate investment trust’s stock valued at $2,488,000 after buying an additional 1,825 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Great Ajax Corp. by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 69,335 shares of the real estate investment trust’s stock valued at $969,000 after buying an additional 2,022 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Great Ajax Corp. by 15.6% in the second quarter. Rhumbline Advisers now owns 17,933 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 2,415 shares in the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.
AJX has been the subject of a number of research analyst reports. Zacks Investment Research cut Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub cut Great Ajax Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Compass Point began coverage on Great Ajax Corp. in a research report on Friday, September 29th. They set a “neutral” rating and a $15.50 price objective for the company. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Great Ajax Corp. currently has a consensus rating of “Buy” and an average price target of $15.33.
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Great Ajax Corp. (AJX) traded down 0.07% during mid-day trading on Friday, reaching $14.48. The company had a trading volume of 24,792 shares. The stock’s 50-day moving average is $14.19 and its 200 day moving average is $14.19. The firm has a market capitalization of $255.20 million, a P/E ratio of 9.22 and a beta of 0.86. Great Ajax Corp. has a 12 month low of $12.61 and a 12 month high of $14.55.
Great Ajax Corp. (NYSE:AJX) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.09). Great Ajax Corp. had a return on equity of 10.22% and a net margin of 58.46%. The firm had revenue of $13.11 million for the quarter, compared to the consensus estimate of $12.99 million. On average, analysts predict that Great Ajax Corp. will post $1.78 earnings per share for the current fiscal year.
Great Ajax Corp. Profile
Great Ajax Corp. is an externally managed real estate company. The Company 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. Its segment is focused on non-performing mortgages and re-performing mortgages.
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