Great Ajax Corp. with ticker code (AJX) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 17 and 11 calculating the mean target price we have 14.9. With the stocks previous close at 10.36 this would imply there is a potential upside of 43.8%. The 50 day MA is 9.9 and the 200 day MA is 11.74. The market cap for the company is $240m. Company Website: https://www.greatajax.com
The potential market cap would be $346m 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.
