Great Ajax Corp (AJX) was Initiated by Raymond James to “Outperform” and the brokerage firm has set the Price Target at $16. Raymond James advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on Great Ajax Corp. Great Ajax Corp was Downgraded by Nomura to ” Neutral” on Nov 9, 2016. JMP Securities Initiated Great Ajax Corp on Oct 20, 2016 to “Mkt Outperform”, Price Target of the shares are set at $16.
Great Ajax Corp opened for trading at $13.41 and hit $13.5 on the upside on Monday, eventually ending the session at $13.48, with a gain of 0.45% or 0.06 points. The heightened volatility saw the trading volume jump to 29,143 shares. Company has a market cap of $253 M.
In a different news, on Jun 14, 2016, Lawrence Mendelsohn (CEO) purchased 18,000 shares at $13.25 per share price. According to the SEC, on Jun 14, 2016, Mary B Doyle (CFO) purchased 4,271 shares at $13.10 per share price. On Jun 14, 2016, Russell Schaub (PRESIDENT) purchased 7,547 shares at $13.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Great Ajax Corp. is an externally managed real estate company. The Company is focused on acquiring investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and to a lesser extent single-family properties. It also invests in loans secured by multi-family residential and commercial mixed use retail/residential properties as well as in the properties directly. The multi-family and commercial mixed-use properties have loan values of up to approximately $5 million. The Company is managed by Thetis Asset Management LLC. Thetis TRS is a wholly owned subsidiary of the Company’s operating partnership that owns its 19.8% equity interest in the Manager. As of December 31 2014 the Company’s 1340 loan portfolio consisted of 72.7% of re-performing loans and 27.3% of non-performing loans. The Company conducts its business through its operating partnership Great Ajax Operating Partnership L.P. and its subsidiaries.