Great Ajax Corp. with ticker code (AJX) now have 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 18 and 15 with the average target price sitting at 16.6. Now with the previous closing price of 11.52 this would imply there is a potential upside of 44.1%. There is a 50 day moving average of 12.75 and the 200 moving average now moves to 13.2. The market capitalisation for the company is $270m. Visit the company website at: https://www.greatajax.com
The potential market cap would be $389m 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.
