Family Management Corp Buys 6,431 Shares of Great Ajax Corp (NYSE:AJX)

Family Management Corp raised its position in Great Ajax Corp (NYSE:AJX) by 3.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 204,804 shares of the real estate investment trust’s stock after purchasing an additional 6,431 shares during the period. Great Ajax accounts for approximately 1.7% of Family Management Corp’s portfolio, making the stock its 25th biggest holding. Family Management Corp owned approximately 1.10% of Great Ajax worth $2,679,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Prudential Financial Inc. purchased a new position in shares of Great Ajax in the 1st quarter valued at about $137,000. Monarch Partners Asset Management LLC increased its position in Great Ajax by 16.0% during the second quarter. Monarch Partners Asset Management LLC now owns 58,650 shares of the real estate investment trust’s stock worth $767,000 after buying an additional 8,110 shares during the period. Schwab Charles Investment Management Inc. increased its position in Great Ajax by 18.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 32,000 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 5,000 shares during the period. BlackRock Inc. increased its position in Great Ajax by 4.0% during the second quarter. BlackRock Inc. now owns 1,163,724 shares of the real estate investment trust’s stock worth $15,222,000 after buying an additional 44,617 shares during the period. Finally, FMR LLC increased its position in Great Ajax by 1.6% during the second quarter. FMR LLC now owns 1,831,688 shares of the real estate investment trust’s stock worth $23,958,000 after buying an additional 28,300 shares during the period. Institutional investors own 69.65% of the company’s stock.

A number of research analysts have recently issued reports on the company. ValuEngine raised Great Ajax from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. Zacks Investment Research lowered Great Ajax from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $16.50.

AJX traded down $0.05 during trading on Friday, reaching $13.15. 41,897 shares of the stock were exchanged, compared to its average volume of 38,516. The company has a debt-to-equity ratio of 2.28, a quick ratio of 4.28 and a current ratio of 4.28. Great Ajax Corp has a 1 year low of $12.27 and a 1 year high of $14.69. The company has a market cap of $256.17 million, a price-to-earnings ratio of 8.38 and a beta of 0.64.

Great Ajax (NYSE:AJX) last issued its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.03). Great Ajax had a net margin of 50.12% and a return on equity of 9.38%. The company had revenue of $14.78 million during the quarter, compared to analysts’ expectations of $14.51 million. On average, analysts predict that Great Ajax Corp will post 1.62 EPS for the current fiscal year.

Great Ajax Company Profile

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, such as one to four unit homes and smaller commercial properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases.

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Institutional Ownership by Quarter for Great Ajax (NYSE:AJX)

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