Great Ajax (AJX) Posts Earnings Results, Misses Estimates By $0.04 EPS

Great Ajax (NYSE:AJX) released its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.04), Morningstar.com reports. Great Ajax had a return on equity of 8.65% and a net margin of 47.79%. The business had revenue of $15.18 million during the quarter, compared to the consensus estimate of $15.48 million.

Shares of Great Ajax stock opened at $12.91 on Friday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $247.11 million, a PE ratio of 9.05 and a beta of 0.71. Great Ajax has a fifty-two week low of $11.56 and a fifty-two week high of $14.37.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.28 annualized dividend and a dividend yield of 9.91%. Great Ajax’s dividend payout ratio (DPR) is 87.67%.

Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Great Ajax by 559.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,362 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 2,852 shares during the period. Covington Capital Management lifted its holdings in shares of Great Ajax by 28.6% during the fourth quarter. Covington Capital Management now owns 4,500 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,000 shares during the last quarter. Citigroup Inc. lifted its stake in Great Ajax by 58.6% in the 1st quarter. Citigroup Inc. now owns 3,973 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 1,468 shares in the last quarter. SEI Investments Co purchased a new stake in Great Ajax in the 1st quarter worth about $108,000. Finally, Bank of America Corp DE lifted its stake in Great Ajax by 44.1% in the 4th quarter. Bank of America Corp DE now owns 9,705 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 2,972 shares in the last quarter. Institutional investors and hedge funds own 73.53% of the company’s stock.

Separately, Zacks Investment Research raised Great Ajax from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th.

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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 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 for Great Ajax (NYSE:AJX)

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