Great Ajax Corp. found using ticker (AJX) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 18 and 15 calculating the average target price we see 16.4. Given that the stocks previous close was at 11.16 this would imply there is a potential upside of 47.0%. There is a 50 day moving average of 12.24 and the 200 moving average now moves to 13.11. The market cap for the company is $257m. Visit the company website at: https://www.greatajax.com
The potential market cap would be $378m 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 ome tax purposes. It generally would not be subject to federal corporate ome taxes, if it distributes at least 90% of its taxable ome to its stockholders. Great Ajax Corp. was orporated in 2014 and is based in Tigard, Oregon.
