Great Ajax Corp. found using ticker (AJX) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 18 and 15 calculating the average target price we see 16.6. Now with the previous closing price of 12.72 this is indicating there is a potential upside of 30.5%. There is a 50 day moving average of 13.03 while the 200 day moving average is 13.17. The market cap for the company is $298m. Company Website: https://www.greatajax.com
The potential market cap would be $388m based on the market concensus.
Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. In addition, it acquires and originates small balance commercial loans (SBC) secured by multi-family residential and commercial mixed-use retail/residential properties; and invests in single-family and smaller commercial properties through a foreclosure event of a loan or a direct acquisition. The company elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. Great Ajax Corp. was incorporated in 2014 and is based in Tigard, Oregon.
