Great Ajax (NYSE:AJX) Posts Earnings Results, Beats Estimates By $0.26 EPS

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

Great Ajax Stock Performance

Shares of Great Ajax stock opened at $3.34 on Wednesday. The stock has a market cap of $131.95 million, a price-to-earnings ratio of -0.83 and a beta of 1.90. 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’s fifty day moving average is $3.32 and its 200 day moving average is $3.46.

Great Ajax Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid 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 is Friday, November 15th. Great Ajax’s payout ratio is currently -5.96%.

Wall Street Analysts Forecast Growth

Separately, BTIG Research assumed coverage on Great Ajax in a research report on Tuesday, September 10th. They issued a “neutral” rating for the company.

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.