Great Ajax (NYSE:AJX) Releases Earnings Results

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

Great Ajax Stock Performance

NYSE AJX opened at $3.25 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.09. Great Ajax has a twelve month low of $2.98 and a twelve month high of $6.01. The company has a market cap of $128.39 million, a price-to-earnings ratio of -0.81 and a beta of 1.90. The business’s fifty day moving average is $3.32 and its 200 day moving average is $3.47.

Wall Street Analysts Forecast Growth

Separately, BTIG Research began coverage on Great Ajax in a report on Tuesday, September 10th. They issued a “neutral” rating on the stock.

About Great Ajax

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.