Great Ajax (NYSE:AJX) Research Coverage Started at BTIG Research

BTIG Research initiated coverage on shares of Great Ajax (NYSE:AJX) in a report released on Tuesday morning, StockNewsAPI reports. The brokerage issued a neutral rating on the real estate investment trust’s stock.

Great Ajax Stock Performance

AJX opened at $3.48 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.09. The stock has a market cap of $137.48 million, a price-to-earnings ratio of -0.86 and a beta of 1.90. Great Ajax has a 12-month low of $3.10 and a 12-month high of $6.81. The business has a 50 day moving average of $3.46 and a 200-day moving average of $3.57.

Great Ajax Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.24 dividend on an annualized basis and a yield of 6.91%. Great Ajax’s dividend payout ratio (DPR) is currently -5.96%.

Hedge Funds Weigh In On Great Ajax

Several institutional investors and hedge funds have recently made changes to their positions in AJX. Simplex Trading LLC increased its position in Great Ajax by 73.5% during the 4th quarter. Simplex Trading LLC now owns 5,946 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 2,518 shares during the period. Algert Global LLC acquired a new stake in shares of Great Ajax in the second quarter valued at approximately $43,000. Sei Investments Co. boosted its stake in shares of Great Ajax by 16.6% in the second quarter. Sei Investments Co. now owns 26,641 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 3,800 shares during the period. Renaissance Technologies LLC acquired a new stake in Great Ajax during the second quarter worth approximately $98,000. Finally, Jump Financial LLC acquired a new position in Great Ajax in the 4th quarter valued at $115,000. Institutional investors and hedge funds own 58.60% of the company’s stock.

About Great Ajax

Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties.