Somewhat Favorable News Coverage Somewhat Unlikely to Impact Great Ajax (AJX) Stock Price

Media stories about Great Ajax (NYSE:AJX) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Great Ajax earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.2736553356809 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Several brokerages have recently issued reports on AJX. Zacks Investment Research raised shares of Great Ajax from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Friday, December 22nd. B. Riley reissued a “buy” rating and set a $18.00 price target on shares of Great Ajax in a report on Wednesday, March 7th. Finally, TheStreet raised shares of Great Ajax from a “d” rating to a “c+” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $16.50.

Shares of NYSE AJX traded down $0.07 during midday trading on Friday, reaching $13.38. 3,638 shares of the company traded hands, compared to its average volume of 35,893. Great Ajax has a 52 week low of $12.27 and a 52 week high of $15.40. The company has a quick ratio of 4.71, a current ratio of 4.71 and a debt-to-equity ratio of 2.51. The stock has a market cap of $246.95, a P/E ratio of 8.52 and a beta of 0.62.

Great Ajax (NYSE:AJX) last issued its quarterly earnings data on Tuesday, March 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06). Great Ajax had a net margin of 52.79% and a return on equity of 9.90%. The company had revenue of $13.80 million for the quarter, compared to the consensus estimate of $14.11 million. sell-side analysts anticipate that Great Ajax will post 1.83 earnings per share for the current fiscal year.

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 8.97%. The ex-dividend date of this dividend was Wednesday, March 14th. Great Ajax’s dividend payout ratio is currently 76.43%.

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Great Ajax Company 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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