Analyst Price Forecast Suggests 92.41% Upside
As of May 11, 2023, the average one-year price target for Great Ajax is 10.58. The forecasts range from a low of 9.09 to a high of $12.60. The average price target represents an increase of 92.41% from its latest reported closing price of 5.50.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Great Ajax is 49MM, an increase of 140.65%. The projected annual non-GAAP EPS is 1.06.
Great Ajax Declares $0.20 Dividend
On May 4, 2023 the company declared a regular quarterly dividend of $0.20 per share ($0.80 annualized). Shareholders of record as of May 15, 2023 received the payment on May 31, 2023. Previously, the company paid $0.25 per share.
At the current share price of $5.50 / share, the stock's dividend yield is 14.55%.
Looking back five years and taking a sample every week, the average dividend yield has been 9.29%, the lowest has been 5.26%, and the highest has been 22.65%. The standard deviation of yields is 3.09 (n=236).
The current dividend yield is 1.70 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is -0.84. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.47%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 104 funds or institutions reporting positions in Great Ajax. This is a decrease of 4 owner(s) or 3.70% in the last quarter. Average portfolio weight of all funds dedicated to AJX is 0.09%, a decrease of 21.26%. Total shares owned by institutions decreased in the last three months by 2.05% to 14,986K shares. The put/call ratio of AJX is 0.34, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 3,837K shares representing 16.32% ownership of the company. In it's prior filing, the firm reported owning 3,956K shares, representing a decrease of 3.10%. The firm decreased its portfolio allocation in AJX by 87.72% over the last quarter.
FRIFX - Fidelity Real Estate Income Fund holds 1,663K shares representing 7.08% ownership of the company. No change in the last quarter.
State Of Michigan Retirement System holds 932K shares representing 3.96% ownership of the company. No change in the last quarter.
Pacific Ridge Capital Partners holds 749K shares representing 3.19% ownership of the company. In it's prior filing, the firm reported owning 753K shares, representing a decrease of 0.48%. The firm decreased its portfolio allocation in AJX by 5.59% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 673K shares representing 2.86% ownership of the company. No change in the last quarter.
Great Ajax Background Information
(This description is provided by the company.)
Great Ajax Corp. is a Maryland corporation that is a real estate investment trust, that focuses primarily on acquiring, investing in and managing RPLs secured by single-family residences and commercial properties and, to a lesser extent, NPLs. It also originates and acquires loans secured by multi-family residential and smaller commercial mixed use retail/residential properties and acquire multi-family retail/residential and mixed use and commercial properties. The Company is externally managed by Thetis Asset Management LLC. Its mortgage loans and other real estate assets are serviced by Gregory Funding LLC, an affiliated entity. It's elected to be taxed as a real estate investment trust under the Internal Revenue Code.
Key filings for this company:
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
This story originally appeared on Fintel.
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