Great Ajax (NYSE:AJX) Announces Quarterly Earnings Results

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

Great Ajax Stock Up 2.6 %

Shares of NYSE AJX opened at $3.34 on Wednesday. Great Ajax has a 52 week low of $2.98 and a 52 week high of $6.01. The stock’s fifty day moving average is $3.32 and its 200 day moving average is $3.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market capitalization of $131.95 million, a P/E ratio of -0.83 and a beta of 1.90.

Great Ajax Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 7.20%. The ex-dividend date of this dividend is Friday, November 15th. Great Ajax’s dividend payout ratio (DPR) is currently -5.96%.

Analyst Ratings Changes

Separately, BTIG Research assumed coverage on shares of Great Ajax in a research note on Tuesday, September 10th. They issued 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.