Great Ajax Corp. with ticker code (AJX) now have 5 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 14 and 10.5 and has a mean target at $11.70. Now with the previous closing price of $6.70 this would imply there is now a potential upside of 74.6%. Also worth taking note is the 50 day moving average now sits at $7.32 and the 200 day moving average is $8.31. The market capitalization for the company is $155m. Find out more information at: https://www.greatajax.com
The potential market cap would be $271m 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).
