Great Ajax cuts dividend by 40% to $0.06 a share
Seeking Alpha News (Mon, 6-May 12:32 AM ET)
Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2024
Business Wire (Fri, 3-May 4:05 PM ET)
Great Ajax Corp. Announces Final Conversion Rate for Its Convertible Notes
Business Wire (Mon, 22-Apr 6:45 AM ET)
Business Wire (Wed, 10-Apr 12:56 PM ET)
Great Ajax Corp. Announces Results for the Quarter Ended December 31, 2023
Business Wire (Mon, 26-Feb 7:04 PM ET)
Rithm Capital Corp. and Great Ajax Corp. Announce a Strategic Transaction
Business Wire (Mon, 26-Feb 5:56 PM ET)
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.
Great Ajax Corp. trades on the NYSE stock market under the symbol AJX.
As of May 10, 2024, AJX stock price climbed to $3.57 with 38,241 million shares trading.
AJX has a beta of 2.02, meaning it tends to be more sensitive to market movements. AJX has a correlation of 0.16 to the broad based SPY ETF.
AJX has a market cap of $132.05 million. This is considered a Micro Cap stock.
Last quarter Great Ajax Corp. reported $-49 million in Revenue and -$.16 earnings per share. This fell short of revenue expectation by $-53 million and missed earnings estimates by -$.18.
In the last 3 years, AJX stock traded as high as $14.74 and as low as $3.30.
The top ETF exchange traded funds that AJX belongs to (by Net Assets): VTI, VXF, PRFZ, IWC, DVDN.
AJX has underperformed the market in the last year with a return of -25.4%, while the SPY ETF gained +28.4%. In the last 3 month period, AJX fell short of the market, returning -20.6%, while SPY returned +4.3%. However, in the most recent 2 weeks AJX has outperformed the stock market by returning +3.8%, while SPY returned +3.5%.
AJX support price is $3.40 and resistance is $3.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AJX stock will trade within this expected range on the day.