Breaking Finance News

Zacks Investment Research downgraded Great Ajax Corp (NYSE:AJX) to Strong Sell in a report released today.

Zacks Investment Research has downgraded Great Ajax Corp (NYSE:AJX) to Strong Sell in a report released on 11/30/2016.

On 11/22/2016, Raymond James released a statement on Great Ajax Corp (NYSE:AJX) bumped up the target price from $0.00 to $16.00 that suggested an upside of 0.19%.

Boasting a price of $12.96, Great Ajax Corp (NYSE:AJX) traded -2.34% lower on the day. With the last stock price close down -5.35% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. The company has recorded a 50-day moving average of $13.65 and a 200-day moving average of $13.69. 82,127 shares of AJX traded, up from an avg. volume of 45,928

Recent Performance Chart

Great Ajax Corp (NYSE:AJX)

Great Ajax Corp has 52 week low of $9.06 and a 52 week high of $14.48 with a price-earnings ratio of 6.98 and has a total market value of $0.

A total of 4 equity analysts have released a ratings update on AJX. 0 brokers rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 equity analysts rating the company a sell with a one year target of $16.25.

Brief Synopsis 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *