AJX

Great Ajax
AJX

$3.39

2.42%

Market Cap: 155M

About: Great Ajax Corp is an externally managed real estate company. The company's primary business is acquiring, investing in and managing a portfolio of mortgage loans. The company is focused on acquisitions of re-performing loans (RPLs) including residential mortgage loans and small balance commercial mortgage loans (SBC loans). Great Ajax operates in a single segment. The company also holds real-estate owned (REO) properties acquired upon the foreclosure, other settlement of owned non-performing loans.

Employees: 1

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

91% more call options, than puts

Call options by funds: $63K | Put options by funds: $33K

37.86% more ownership

Funds ownership: 67.46% [Q4 2023] → 105.32% (+37.86%) [Q1 2024]

35% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 17

10% more capital invested

Capital invested by funds: $98.2M [Q4 2023] → $108M (+$9.44M) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 2 (+0) [Q1 2024]

12% less funds holding

Funds holding: 65 [Q4 2023] → 57 (-8) [Q1 2024]

50% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 16

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Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target

$6

77%

upside

Avg. target

$6

77%

upside

High target

$6

77%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

B. Riley Securities

Matt Howlett

77%upside

$6

Buy

Reiterated

21 Mar 2024

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Financial journalist opinion

Based on 4 articles about AJX published over the past 30 days

Great Ajax Corp. (AJX) Q4 2023 Earnings Call Transcript

Great Ajax Corp. (NYSE:AJX ) Q4 2023 Earnings Conference Call July 24, 2023 8:00 AM ET Company Participants Michael Nierenberg - Chief Executive Officer Mary Doyle - Principal Financial Officer and Principal Accounting Officer Conference Call Participants Eric Hagen - BTIG Stephen Laws - Raymond James Jason Stewart - Janney Montgomery Scott Operator Good day and welcome to the Great Ajax Second Quarter 2024 Earnings Call. All participants will be in listen-only mode.

Great Ajax Corp. (AJX) Q4 2023 Earnings Call Transcript

Great Ajax Corp. Announces Results for the Quarter Ended June 30, 2024

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX, "Great Ajax" or the "Company"), a Maryland corporation today announced the following financial results for the quarter ended June 30, 2024. Second Quarter Financial Highlights GAAP Net Loss attributable to common stockholders of $(12.7) million, or $(0.32) per diluted common sharei Earnings Available for Distribution of $(9.6) million or $(0.24) per diluted common sharei,ii Book value per common share of $5.56 at June 30, 2024i Common divi.

Great Ajax Corp. Announces Results for the Quarter Ended June 30, 2024

Great Ajax Corp. Schedules Its Second Quarter 2024 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. Schedules Its Second Quarter 2024 Earnings Release and Conference Call For Wednesday, July 24, 2024.

Great Ajax Corp. Schedules Its Second Quarter 2024 Earnings Release and Conference Call

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Rithm Capital Corp. and Great Ajax Corp. Complete Transaction

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”), a global asset manager focused on real estate, credit and financial services, and Great Ajax Corp. (NYSE: AJX; “Great Ajax”), a real estate investment trust, today completed their previously announced transaction. As part of the transaction, Great Ajax has entered into a management agreement with an affiliate of Rithm to serve as Great Ajax's external manager. The transaction marks a significant milestone for Great Ajax, with.

Rithm Capital Corp. and Great Ajax Corp. Complete Transaction

Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2024

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust ("REIT"), announces its results of operations for the quarter ended March 31, 2024. We focus primarily on acquiring, investing in and managing a portfolio of re-performing mortgage loans ("RPLs") and non-performing loans ("NPLs") secured by single-family residences and commercial properties. In addition to our continued focus on RPLs and NPLs, we also originate and acquire smal.

Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2024

Great Ajax Corp. Announces Final Conversion Rate for Its Convertible Notes

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX; the “Company”), a real estate investment trust, in advance of the upcoming maturity of its outstanding convertible notes on April 30, 2024, announced that the convertible notes have a final conversion rate of 1.7405 shares of common stock per $25.00 principal amount of notes, which represents a conversion price of approximately $14.36 per share of common stock. About Great Ajax Corp. Great Ajax (NYSE: AJX) is a real estate investment trust.

Great Ajax Corp. Announces Final Conversion Rate for Its Convertible Notes

Great Ajax Corp. Announces Record Date for Stockholders Meeting to Approve Strategic Transaction With Rithm Capital Corp.

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX; the “Company”), a real estate investment trust, announced today that its board of directors has fixed a record date of April 22, 2024 for its 2024 meeting of stockholders (the “Meeting”) to, among other things, consider and vote upon certain matters relating to the previously announced strategic transaction (the “Transaction”) by and between the Company and Rithm Capital Corp. (together with its subsidiaries, “Rithm”). At the Meeting, the.

Great Ajax Corp. Announces Record Date for Stockholders Meeting to Approve Strategic Transaction With Rithm Capital Corp.

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The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Top 3 Financial Stocks That May Explode This Quarter - AtlasClear Holdings (AMEX:ATCH), Great Ajax (NYSE:AJX)

Losers Of REIT Earnings Season

After covering the Winners of REIT Earnings Season last week, Part 2 of our Earnings Recap focuses on the worst-performing property sectors and common threads shared by these laggards. While there were no major "bombshells" this earnings season, there were pockets of relative weakness seen in the interest-rate-sensitive property sectors - net lease and office - along with goods-oriented sectors. Surging interest expense - not property-level fundamentals - was again the culprit behind much of this pain, underscoring the continued challenges facing more highly leveraged private real estate portfolios.

Losers Of REIT Earnings Season

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