Great Ajax Corp. (NYSE:AJX – Get Free Report) declared a quarterly dividend on Monday, October 21st, Wall Street Journal reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.06 per share by the real estate investment trust on Friday, November 29th. This represents a $0.24 annualized dividend and a yield of 7.20%. The ex-dividend date is Friday, November 15th.
Great Ajax has a dividend payout ratio of 53.3% indicating that its dividend is sufficiently covered by earnings.
Great Ajax Trading Up 2.6 %
Shares of AJX opened at $3.34 on Wednesday. The stock has a fifty day moving average price of $3.32 and a two-hundred day moving average price of $3.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.58 and a current ratio of 1.58. Great Ajax has a 52-week low of $2.98 and a 52-week high of $6.01. The company has a market cap of $131.95 million, a price-to-earnings ratio of -0.83 and a beta of 1.90.
Wall Street Analyst Weigh In
Separately, BTIG Research initiated coverage on Great Ajax in a research note on Tuesday, September 10th. They set a “neutral” rating for the company.
Get Our Latest Report on Great Ajax
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.
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