Compass Point initiated coverage on Great Ajax with a new price target
$AJX
Real Estate Investment Trusts
Real Estate
Compass Point initiated coverage of Great Ajax with a rating of Buy and set a new price target of $19.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/10/2024 | Neutral | BTIG Research | |
| 1/12/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 5/18/2022 | $16.00 | Neutral → Buy | Compass Point |
| 4/8/2022 | $11.00 | Buy → Neutral | Compass Point |
| 10/18/2021 | $12.50 → $15.00 | Market Outperform | JMP Securities |
| 6/30/2021 | $19.00 | Buy | Compass Point |
Great Ajax Corp. (NYSE:AJX, the "Company"))), a real estate investment trust, announced today that its board of directors has fixed a record date of April 22, 2024 for its 2024 meeting of stockholders (the "Meeting") to, among other things, consider and vote upon certain matters relating to the previously announced strategic transaction (the "Transaction") by and between the Company and Rithm Capital Corp. (together with its subsidiaries, "Rithm"). At the Meeting, the Company will seek stockholder approval for the following actions: (1) the issuance of common stock to certain exchanging investors in excess of the 19.99% cap imposed by the New York Stock Exchange rules; (2) the issuance of
BTIG Research resumed coverage of Great Ajax with a rating of Neutral
JMP Securities downgraded Great Ajax from Mkt Outperform to Mkt Perform
Compass Point upgraded Great Ajax from Neutral to Buy and set a new price target of $16.00
4 - Great Ajax Corp. (0001614806) (Issuer)
4 - Great Ajax Corp. (0001614806) (Issuer)
3 - Great Ajax Corp. (0001614806) (Issuer)
Great Ajax Corp. (NYSE:AJX, "Great Ajax" or the "Company"))) today announced the following financial results for the quarter ended September 30, 2024. Third Quarter Financial Highlights: GAAP net loss attributable to common stockholders of $(8.0) million, or $(0.18) per diluted share1 Earnings Available for Distribution of $(5.4) million or $(0.12) per diluted common share1,2 Book value per common share of $5.47 at September 30, 20241 Paid a common dividend of $2.7 million, or $0.06 per common share Q3 2024 Q2 2024 Summary of Operating Results GAAP Net Loss per Diluted Common Share1 $ (0.18
Great Ajax Corp. (NYSE:AJX, "Great Ajax" or the "Company"))) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Monday, October 21, 2024 prior to the opening of the New York Stock Exchange. In conjunction with the release, Great Ajax will host a conference call at 8:00 AM ET on Monday, October 21, 2024 to review its financial results for the third quarter of 2024. The conference call may be accessed by dialing 1-844-746-0740 (from within the U.S.) or 1-412-317-5106 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference "Great Ajax Third Quarter 2024 Earnings Call." In addition, participants
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company"))) today reported the following information for the second quarter ended June 30, 2024: Second Quarter 2024 Financial Highlights: GAAP net income of $213.2 million, or $0.43 per diluted common share(1) Earnings available for distribution of $231.1 million, or $0.47 per diluted common share(1)(2) Common dividend of $122.4 million, or $0.25 per common share Book value per common share of $12.39(1) Q2 2024 Q1 2024 Summary Operating Results: GAAP Net (Loss) Income per Diluted Common Share(1) $ 0.43
Great Ajax (NYSE:AJX) reported quarterly losses of $(0.24) per share which missed the analyst consensus estimate of $(0.15) by 60 percent. The company reported quarterly sales of $(8.958 million) which missed the analyst consensus estimate of $4.983 million by 279.77 percent. This is a 271.09 percent decrease over sales of $(2.414 million) the same period last year.
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector. OneMain Holdings, Inc. (NYSE:OMF) Dividend Yield: 8.63% BMO Capital analyst James Fother
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Great Ajax Corp. (NYSE:AJX, "Great Ajax" or the "Company")) today announced it will complete its previously announced name change and rebrand to Rithm Property Trust Inc. on December 2, 2024. In conjunction with the rebrand, the Company's common stock will begin trading on the New York Stock Exchange at the market open on December 3, 2024, under the Company's new name and new ticker symbol of "RPT". This will replace the Company's current ticker symbol, "AJX." The CUSIP for the Company's common stock will not change, and shareholders do not need to take any action as a result of the name change. The Company's new website will be www.rithmpropertytrust.com. The rebranding initiative highligh
Great Ajax Corp. (NYSE:AJX, "Great Ajax" or the "Company"))) today announced the following financial results for the quarter ended September 30, 2024. Third Quarter Financial Highlights: GAAP net loss attributable to common stockholders of $(8.0) million, or $(0.18) per diluted share1 Earnings Available for Distribution of $(5.4) million or $(0.12) per diluted common share1,2 Book value per common share of $5.47 at September 30, 20241 Paid a common dividend of $2.7 million, or $0.06 per common share Q3 2024 Q2 2024 Summary of Operating Results GAAP Net Loss per Diluted Common Share1 $ (0.18
Great Ajax Corp. (NYSE:AJX, "Great Ajax" or the "Company"))) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Monday, October 21, 2024 prior to the opening of the New York Stock Exchange. In conjunction with the release, Great Ajax will host a conference call at 8:00 AM ET on Monday, October 21, 2024 to review its financial results for the third quarter of 2024. The conference call may be accessed by dialing 1-844-746-0740 (from within the U.S.) or 1-412-317-5106 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference "Great Ajax Third Quarter 2024 Earnings Call." In addition, participants
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