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 17 and 11 with the average target price sitting at 14.7. Given that the stocks previous close was at 9 this is indicating there is a potential upside of 63.3%. The day 50 moving average is 9.85 and the 200 moving average now moves to 10.92. The market cap for the company is $210m. Find out more information at: https://www.greatajax.com
The potential market cap would be $343m 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.
