Great Ajax Corp (NYSE:AJX) declared a quarterly dividend on Tuesday, October 30th, NASDAQ reports. Stockholders of record on Friday, November 16th will be paid a dividend of 0.32 per share by the real estate investment trust on Friday, November 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 9.43%. The ex-dividend date is Thursday, November 15th. This is a positive change from Great Ajax’s previous quarterly dividend of $0.30.
Great Ajax has a dividend payout ratio of 79.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Great Ajax to earn $1.78 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 71.9%.
Shares of AJX opened at $13.58 on Friday. The firm has a market cap of $257.48 million, a PE ratio of 8.65 and a beta of 0.63. The company has a current ratio of 4.28, a quick ratio of 4.28 and a debt-to-equity ratio of 2.28. Great Ajax has a one year low of $12.27 and a one year high of $14.69.
A number of research analysts have recently commented on AJX shares. Zacks Investment Research raised Great Ajax from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine lowered Great Ajax from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $16.50.
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About Great Ajax
Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties, such as one to four unit homes and smaller commercial properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases.
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