Raymond James disclosed Great Ajax Corp (NYSE:AJX), hiking its price target to $16.00 earlier today
- Updated: November 26, 2016
Yesterday Great Ajax Corp (NYSE:AJX) traded -0.22% lower at $13.44. The company’s 50-day moving average is $13.67 and its 200-day moving average is $13.70. The last stock close price is down -2.58% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 13,030 shares of the stock were exchanged, down from an average trading volume of 44,678
Stating a potential upside of 0.19%, Raymond James bumped up the target of Great Ajax Corp (NYSE:AJX) to $16.00
Previously on Tuesday July 14, 2015, Nomura reported about Great Ajax Corp (NYSE:AJX) lowered the target price from $18.00 to $17.00. At the time, this indicated a possible upside of 0.22%.
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Great Ajax Corp has a 52 week low of $9.06 and a 52 week high of $14.48 with a P/E ratio of 7.19 The company’s market cap is currently $0.
Also covering Great Ajax Corp's target, a total of 4 brokers have issued a research note on the company. The average stock price target is $16.25 with zero analysts rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokers rating the stock a sell.
General Information About Great Ajax Corp (NYSE:AJX)
Great Ajax Corp. is an externally managed real estate company. The Company is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. Its segment is focused on non-performing mortgages and re-performing mortgages. It also invests in loans secured by multi-family residential and commercial mixed use retail/residential properties, as well as in the properties directly. It also holds real estate-owned properties (REO) acquired upon the foreclosure or other settlement of its owned non-performing loans, as well as through outright purchases. It is managed by Thetis Asset Management LLC, an affiliated entity. Its mortgage loans and other real estate assets are serviced by Gregory Funding LLC, an affiliated entity. The Company conducts its business through its operating partnership, Great Ajax Operating Partnership L.P.
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