B. Riley Comments on Great Ajax Corp’s Q1 2021 Earnings (NYSE:AJX)

Great Ajax Corp (NYSE:AJX) – Analysts at B. Riley issued their Q1 2021 earnings estimates for Great Ajax in a research report issued to clients and investors on Monday, January 13th. B. Riley analyst T. Hayes expects that the real estate investment trust will earn $0.44 per share for the quarter. B. Riley has a “Buy” rating and a $16.00 price objective on the stock. B. Riley also issued estimates for Great Ajax’s Q2 2021 earnings at $0.42 EPS, Q3 2021 earnings at $0.44 EPS and Q4 2021 earnings at $0.45 EPS.

Great Ajax (NYSE:AJX) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.04). The company had revenue of $15.32 million for the quarter, compared to analysts’ expectations of $14.93 million. Great Ajax had a net margin of 53.22% and a return on equity of 8.04%.

Separately, Zacks Investment Research cut Great Ajax from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

AJX opened at $15.01 on Wednesday. The business has a 50 day moving average price of $15.00 and a two-hundred day moving average price of $14.85. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 2.09. The company has a market cap of $306.17 million, a PE ratio of 10.28 and a beta of 0.75. Great Ajax has a 52 week low of $12.39 and a 52 week high of $15.96.

Large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in shares of Great Ajax by 10.4% during the 2nd quarter. BlackRock Inc. now owns 1,366,050 shares of the real estate investment trust’s stock worth $19,126,000 after purchasing an additional 128,172 shares during the period. Vanguard Group Inc. lifted its stake in shares of Great Ajax by 4.0% during the 2nd quarter. Vanguard Group Inc. now owns 996,032 shares of the real estate investment trust’s stock worth $13,944,000 after purchasing an additional 38,571 shares during the period. State Street Corp lifted its stake in shares of Great Ajax by 5.1% during the 3rd quarter. State Street Corp now owns 502,391 shares of the real estate investment trust’s stock worth $7,787,000 after purchasing an additional 24,186 shares during the period. Northern Trust Corp lifted its stake in shares of Great Ajax by 3.1% during the 2nd quarter. Northern Trust Corp now owns 193,708 shares of the real estate investment trust’s stock worth $2,712,000 after purchasing an additional 5,875 shares during the period. Finally, Family Management Corp lifted its stake in shares of Great Ajax by 15.5% during the 2nd quarter. Family Management Corp now owns 183,816 shares of the real estate investment trust’s stock worth $2,573,000 after purchasing an additional 24,613 shares during the period. Hedge funds and other institutional investors own 71.89% of the company’s stock.

Great Ajax Company Profile

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 acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. The company elected to be taxed as a real estate investment trust for U.S.

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Earnings History and Estimates for Great Ajax (NYSE:AJX)

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