Analysts predict that Great Ajax Corp (NYSE:AJX) will announce $15.68 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Great Ajax’s earnings. The highest sales estimate is $15.95 million and the lowest is $15.40 million. Great Ajax posted sales of $14.78 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.1%. The firm is scheduled to announce its next earnings report on Tuesday, August 6th.
According to Zacks, analysts expect that Great Ajax will report full year sales of $62.87 million for the current fiscal year, with estimates ranging from $61.90 million to $63.84 million. For the next financial year, analysts expect that the firm will report sales of $65.55 million, with estimates ranging from $63.80 million to $67.29 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Great Ajax.
Great Ajax (NYSE:AJX) last posted its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.04). Great Ajax had a net margin of 47.79% and a return on equity of 8.65%. The company had revenue of $15.18 million for the quarter, compared to analysts’ expectations of $15.48 million.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Great Ajax by 0.5% in the 4th quarter. BlackRock Inc. now owns 1,238,026 shares of the real estate investment trust’s stock worth $14,917,000 after acquiring an additional 5,981 shares during the last quarter. Vanguard Group Inc increased its stake in Great Ajax by 4.4% in the 3rd quarter. Vanguard Group Inc now owns 781,719 shares of the real estate investment trust’s stock worth $10,639,000 after acquiring an additional 33,176 shares during the last quarter. Vanguard Group Inc. increased its stake in Great Ajax by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 781,719 shares of the real estate investment trust’s stock worth $10,639,000 after acquiring an additional 33,176 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Great Ajax by 14.0% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 351,918 shares of the real estate investment trust’s stock worth $4,835,000 after acquiring an additional 43,102 shares during the last quarter. Finally, Shoals Capital Management LP bought a new stake in Great Ajax in the 4th quarter worth approximately $2,591,000. 71.37% of the stock is currently owned by institutional investors and hedge funds.
AJX stock opened at $13.82 on Friday. Great Ajax has a twelve month low of $11.56 and a twelve month high of $14.37. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.42 and a current ratio of 2.42. The stock has a market cap of $262.10 million, a PE ratio of 9.60 and a beta of 0.71.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 9.26%. The ex-dividend date is Thursday, May 16th. Great Ajax’s payout ratio is 87.67%.
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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