Great Ajax Corp. with ticker code (AJX) now have 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 18 and 15 and has a mean target at 16.4. Now with the previous closing price of 11.41 this would imply there is a potential upside of 43.7%. The 50 day MA is 12.45 and the 200 day MA is 13.14. The company has a market capitalisation of $263m. Visit the company website at: https://www.greatajax.com
The potential market cap would be $377m 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.
