Great Ajax (NYSE:AJX) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday, August 23rd.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Great Ajax from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. Compass Point downgraded shares of Great Ajax from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Great Ajax has an average rating of “Hold” and an average price target of $16.17.

Shares of NYSE AJX traded down $0.02 during trading on Thursday, hitting $13.75. The company had a trading volume of 28,247 shares, compared to its average volume of 31,615. Great Ajax has a fifty-two week low of $12.27 and a fifty-two week high of $14.69. The firm has a market cap of $258.61 million, a price-to-earnings ratio of 9.22 and a beta of 0.63. The company has a quick ratio of 4.28, a current ratio of 4.28 and a debt-to-equity ratio of 2.28.

Great Ajax (NYSE:AJX) last announced its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.03). The company had revenue of $14.78 million during the quarter, compared to analyst estimates of $14.51 million. Great Ajax had a net margin of 50.12% and a return on equity of 9.38%. equities research analysts anticipate that Great Ajax will post 1.62 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System grew its holdings in shares of Great Ajax by 7.8% in the second quarter. California Public Employees Retirement System now owns 61,315 shares of the real estate investment trust’s stock valued at $802,000 after purchasing an additional 4,415 shares in the last quarter. Family Management Corp grew its holdings in shares of Great Ajax by 3.2% in the second quarter. Family Management Corp now owns 204,804 shares of the real estate investment trust’s stock valued at $2,679,000 after purchasing an additional 6,431 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Great Ajax by 841.4% in the second quarter. Wolverine Asset Management LLC now owns 139,758 shares of the real estate investment trust’s stock valued at $1,828,000 after purchasing an additional 124,912 shares in the last quarter. Wealthsource Partners LLC acquired a new position in shares of Great Ajax in the second quarter valued at approximately $181,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Great Ajax by 85.2% in the second quarter. Renaissance Technologies LLC now owns 98,718 shares of the real estate investment trust’s stock valued at $1,291,000 after purchasing an additional 45,418 shares in the last quarter. Hedge funds and other institutional investors own 69.66% of the company’s stock.

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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