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

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

Great Ajax Stock Performance

Shares of NYSE:AJX opened at $3.25 on Tuesday. The company has a market capitalization of $128.39 million, a P/E ratio of -0.81 and a beta of 1.90. Great Ajax has a 1 year low of $2.98 and a 1 year high of $6.01. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.58 and a quick ratio of 1.58. The business’s 50 day simple moving average is $3.32 and its 200 day simple moving average is $3.47.

Analyst Upgrades and Downgrades

Separately, BTIG Research initiated coverage on Great Ajax in a report on Tuesday, September 10th. They set 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.