Great Ajax Corp (NYSE:AJX) – Equities researchers at B. Riley issued their Q1 2019 earnings per share (EPS) estimates for shares of Great Ajax in a research report issued on Thursday. B. Riley analyst J. Levi-Ribner expects that the real estate investment trust will post earnings of $0.46 per share for the quarter. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Great Ajax’s Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.48 EPS, Q4 2019 earnings at $0.49 EPS and FY2019 earnings at $1.90 EPS.
A number of other research analysts also recently issued reports on AJX. Compass Point initiated coverage on Great Ajax in a report on Friday, September 29th. They issued a “neutral” rating and a $15.50 price target on the stock. Zacks Investment Research upgraded Great Ajax from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a report on Tuesday, October 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Great Ajax currently has a consensus rating of “Buy” and a consensus price target of $15.17.
Several large investors have recently made changes to their positions in the company. Family Management Corp increased its holdings in shares of Great Ajax by 20.6% in the 3rd quarter. Family Management Corp now owns 91,209 shares of the real estate investment trust’s stock valued at $1,285,000 after acquiring an additional 15,607 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Great Ajax in the 3rd quarter valued at $664,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Great Ajax by 27.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 17,580 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 3,815 shares during the period. Wasatch Advisors Inc. increased its holdings in shares of Great Ajax by 13.2% in the 2nd quarter. Wasatch Advisors Inc. now owns 64,400 shares of the real estate investment trust’s stock valued at $900,000 after acquiring an additional 7,500 shares during the period. Finally, Wealthsource Partners LLC purchased a new position in shares of Great Ajax in the 2nd quarter valued at $214,000. Institutional investors and hedge funds own 71.42% of the company’s stock.
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About Great Ajax
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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