Great Ajax (NYSE:AJX) Releases Quarterly Earnings Results, Beats Expectations By $0.26 EPS

Great Ajax (NYSE:AJX) released its quarterly earnings data on Monday. The real estate investment trust reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.26, RTT News reports. The business had revenue of $12.35 million for the quarter. Great Ajax had a negative return on equity of 6.68% and a negative net margin of 181.85%. During the same period last year, the business earned ($0.25) earnings per share.

Great Ajax Trading Down 2.4 %

Shares of Great Ajax stock traded down $0.08 on Wednesday, hitting $3.25. The stock had a trading volume of 136,370 shares, compared to its average volume of 134,197. The stock has a 50 day moving average of $3.32 and a 200 day moving average of $3.46. The firm has a market capitalization of $128.58 million, a P/E ratio of -0.83 and a beta of 1.90. Great Ajax has a twelve month low of $2.98 and a twelve month high of $6.01. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.58 and a current ratio of 1.58.

Great Ajax Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date is Friday, November 15th. Great Ajax’s payout ratio is -5.96%.

Wall Street Analyst Weigh In

Separately, BTIG Research initiated coverage on shares of Great Ajax in a research report on Tuesday, September 10th. They set a “neutral” rating for the company.

Great Ajax Company Profile

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.