In a research note released on Thursday, Great Ajax’s (NYSE: AJX) shares were included in the coverage universe of research analysts at StockNews.com.
The brokerage firm gave the shares of the real estate investment trust a “hold” rating, indicating that they should be kept in one’s portfolio.
When trading started on Thursday, the NYSE AJX traded for $6.69 per share.
The company’s moving average price over the past 50 days is $8.37, and the company’s moving average price over the last 200 days is $8.15.
The company is anticipated to have a market value of $154.74 million, a price-to-earnings ratio of -5.31, and a beta value of 1.80.
The debt-to-equity ratio, the current ratio, and the quick ratio each add up to 1.89, and the debt-to-equity ratio and the current ratio each add up to 1.86.
During the previous year, the price of Great Ajax fluctuated between $6.53 and $11.78.
The price was as low as $6.53 and as high as $11.78.
Over the past few months, several analysts have focused on AJX.
In a research note published on March 8th, B. Riley lowered their “buy” rating and target price for Great Ajax, bringing it down from $14.00 to $12.00.
The previous price was $14.00. Raymond James lowered their price objective for Great Ajax in a research report published on Monday.
The new price objective is $10.50, down from $11.00.
Additionally, a “outperform” rating was bestowed upon the company’s stock by the company.
TheStreet lowered their rating for Great Ajax from a “c-” rating to a “d” in a study published on Friday, November 25th.
The study was about the company’s financial performance. Five analysts have given the stock a “buy” rating, and one has also suggested that investors purchase the stock.
According to the information provided by Bloomberg.com, most analysts agree that the price target should be set at $12.38, and the company is currently being given an average rating of “Moderate Buy.”
Recent transactions have altered the AJX holdings of certain hedge funds and other institutional investors. Raymond James & Associates increased the amount of money it had invested in Great Ajax by 38.0% over the first three months of 2018. Following acquiring an additional 10,566 shares during the most recent quarter, Raymond James & Associates now holds 38,344 shares in the real estate investment trust, with a combined value of $450,000.
This brings the total number of company shares in the REIT to 38,344.
The Healthcare of Ontario Pension Plan Trust Fund acquired a new holding in Great Ajax during the year’s first three months.
The value of this new holding was approximately $536,000. Over the first three months of the year, MetLife Investment Management LLC increased its holdings in Great Ajax by 54.3%.
As a result of the purchase of 4,270 additional shares during the most recent fiscal quarter, MetLife Investment Management LLC now has 12,130 shares of the real estate investment trust in its possession.
The current market value of these shares is $142,000. Charles Schwab Investment Management INC increased the proportion of Great Ajax in its portfolio by 2.7% over the first three months of the year. Charles Schwab Investment Management INC now has 57,853 real estate investment trust shares following the purchase of an additional 1,545 shares during the most recent quarter.
The total value of Charles Schwab Investment Management INC’s holdings in the real estate investment trust is estimated at $679,000.
In the first quarter, Renaissance Technologies LLC increased the amount of Great Ajax stock owned by 5.1%, making this the last and most important point.
The most recent quarter saw Renaissance Technologies LLC purchase an additional 8,000 shares, bringing their total shares in the real estate investment trust to 165,248.
These 165,248 shares have a combined value of $1,938,000, and the company now has a total of 165,248 shares.
Institutional investors and hedge funds collectively own 74.63% of the total number of shares in the company, making them the company’s largest stockholders.
Great Ajax, a real estate investment trust (REIT) with external management, purchases, invests in, and manages a mortgage loan portfolio comprising single-family homes and mortgage loans for single-family properties.