Great Ajax Corp. with ticker code (AJX) now have 5 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 17 and 11 with a mean TP of 14.7. With the stocks previous close at 9.85 this is indicating there is a potential upside of 49.2%. There is a 50 day moving average of 10.09 and the 200 day moving average is 11.37. The market capitalisation for the company is $224m. Company Website: https://www.greatajax.com
The potential market cap would be $334m 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.
