Great Ajax Corp. which can be found using ticker (AJX) have now 5 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 14 and 10.5 calculating the average target price we see $11.70. Given that the stocks previous close was at $6.83 this now indicates there is a potential upside of 71.3%. The 50 day MA is $7.52 and the 200 moving average now moves to $8.38. The company has a market cap of $155m. Find out more information at: https://www.greatajax.com
The potential market cap would be $265m based on the market consensus.
Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties. 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.
The company has a dividend yield of 14.93% with the ex dividend date set at 16-3-2023 (DMY).
