Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. In addition, it acquires and originates small balance commercial loans (SBC) secured by multi-family residential and commercial mixed-use retail/residential properties; and invests in single-family and smaller commercial properties through a foreclosure event of a loan or a direct acquisition. 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.
IPO Year: 2015
Exchange: NYSE
Website: greatajax.com
| 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, "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
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 Corp. (NYSE:AJX, ", Great Ajax", or the ", Company", ))), a Maryland corporation today announced the following financial results for the quarter ended June 30, 2024. Second Quarter Financial Highlights GAAP Net Loss attributable to common stockholders of $(12.7) million, or $(0.32) per diluted common sharei Earnings Available for Distribution of $(9.6) million or $(0.24) per diluted common sharei,ii Book value per common share of $5.56 at June 30, 2024i Common dividend of $2.2 million paid, or $0.06 per common share Q2 2024 Q1 2024 Summary of Operating Results GAAP Net
Great Ajax Corp. (NYSE:AJX) ("Great Ajax" or the "Company"), a Maryland corporation, announced today that it will release its financial results for the second quarter ended June 30, 2024 on Wednesday, July 24, 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 Wednesday, July 24, 2024 to review its financial results for the second 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 Second Quarter 2024 Earnings Call." In
Rithm Capital Corp. (NYSE:RITM, "Rithm"))), a global asset manager focused on real estate, credit and financial services, and Great Ajax Corp. (NYSE:AJX, "Great Ajax"))), a real estate investment trust, today completed their previously announced transaction. As part of the transaction, Great Ajax has entered into a management agreement with an affiliate of Rithm to serve as Great Ajax's external manager. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610363273/en/ The transaction marks a significant milestone for Great Ajax, with plans to transition the company from a legacy residential loan platform into an opportunistic veh
First Quarter Highlights Interest income of $15.7 million; net interest income of $1.6 million Net loss attributable to common stockholders of $(74.3) million Operating loss of $(4.8) million or $(0.16) per common share Earnings per share ("EPS") per basic common share was a loss of $(2.41) of which $(0.50) per basic common share relates to the accrual of the manager termination fee Taxable loss of $(0.67) per share attributable to common stockholders after payment of dividends on our previously issued preferred stock Book value per common share of $6.87 at March 31, 2024 Collected total cash of $80.9 million from loan payments, sales of loans, sales of real estate owne
Great Ajax Corp. (NYSE:AJX, the "Company"))), a real estate investment trust, in advance of the upcoming maturity of its outstanding convertible notes on April 30, 2024, announced that the convertible notes have a final conversion rate of 1.7405 shares of common stock per $25.00 principal amount of notes, which represents a conversion price of approximately $14.36 per share of common stock. About Great Ajax Corp. Great Ajax (NYSE:AJX) is a real estate investment trust that focuses primarily on acquiring, investing in and managing re-performing loans ("RPLs") and non-performing loans ("NPLs") secured by single-family residences and commercial properties. In addition to its continued focu
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
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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
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 Corp. (NYSE:AJX, ", Great Ajax", or the ", Company", ))), a Maryland corporation today announced the following financial results for the quarter ended June 30, 2024. Second Quarter Financial Highlights GAAP Net Loss attributable to common stockholders of $(12.7) million, or $(0.32) per diluted common sharei Earnings Available for Distribution of $(9.6) million or $(0.24) per diluted common sharei,ii Book value per common share of $5.56 at June 30, 2024i Common dividend of $2.2 million paid, or $0.06 per common share Q2 2024 Q1 2024 Summary of Operating Results GAAP Net
Great Ajax Corp. (NYSE:AJX) ("Great Ajax" or the "Company"), a Maryland corporation, announced today that it will release its financial results for the second quarter ended June 30, 2024 on Wednesday, July 24, 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 Wednesday, July 24, 2024 to review its financial results for the second 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 Second Quarter 2024 Earnings Call." In
Rithm Capital Corp. (NYSE:RITM, "Rithm"))), a global asset manager focused on real estate, credit and financial services, and Great Ajax Corp. (NYSE:AJX, "Great Ajax"))), a real estate investment trust, today completed their previously announced transaction. As part of the transaction, Great Ajax has entered into a management agreement with an affiliate of Rithm to serve as Great Ajax's external manager. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610363273/en/ The transaction marks a significant milestone for Great Ajax, with plans to transition the company from a legacy residential loan platform into an opportunistic veh
First Quarter Highlights Interest income of $15.7 million; net interest income of $1.6 million Net loss attributable to common stockholders of $(74.3) million Operating loss of $(4.8) million or $(0.16) per common share Earnings per share ("EPS") per basic common share was a loss of $(2.41) of which $(0.50) per basic common share relates to the accrual of the manager termination fee Taxable loss of $(0.67) per share attributable to common stockholders after payment of dividends on our previously issued preferred stock Book value per common share of $6.87 at March 31, 2024 Collected total cash of $80.9 million from loan payments, sales of loans, sales of real estate owne
Great Ajax Corp. (NYSE:AJX, the "Company"))), a real estate investment trust, in advance of the upcoming maturity of its outstanding convertible notes on April 30, 2024, announced that the convertible notes have a final conversion rate of 1.7405 shares of common stock per $25.00 principal amount of notes, which represents a conversion price of approximately $14.36 per share of common stock. About Great Ajax Corp. Great Ajax (NYSE:AJX) is a real estate investment trust that focuses primarily on acquiring, investing in and managing re-performing loans ("RPLs") and non-performing loans ("NPLs") secured by single-family residences and commercial properties. In addition to its continued focu
Fourth Quarter Highlights Interest income of $17.7 million; net interest income of $3.2 million Net loss attributable to common stockholders of $(23.2) million Operating loss of $(1.8) million Earnings per share ("EPS") per basic common share was a loss of $(0.86) Operating loss per basic common share of $(0.07) Taxable loss of $0.03 per share attributable to common stockholders after payment of dividends on our preferred stock Book value per common share of $9.99 at December 31, 2023 Collected total cash of $30.4 million from loan payments, sales of real estate owned ("REO") properties and collections from investments in debt securities and beneficial interests H
Third Quarter Highlights Interest income of $17.9 million; net interest income of $3.0 million Net loss attributable to common stockholders of $(6.1) million Operating loss of $(2.3) million Earnings per share ("EPS") per basic common share was a loss of $(0.25) Operating loss per basic common share of $(0.09) Taxable loss of $(0.06) per share attributable to common stockholders after payment of dividends on our preferred stock Book value per common share of $11.07 at September 30, 2023 Formed two joint ventures that acquired $325.3 million in unpaid principal balance ("UPB") of mortgage loans from pre-existing joint ventures with collateral values of $718.7 million
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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
Compass Point downgraded Great Ajax from Buy to Neutral and set a new price target of $11.00
JMP Securities reiterated coverage of Great Ajax with a rating of Market Outperform and set a new price target of $15.00 from $12.50 previously
Compass Point initiated coverage of Great Ajax with a rating of Buy and set a new price target of $19.00
Raymond James reiterated coverage of Great Ajax with a rating of Outperform and set a new price target of $16.00 from $14.00 previously
Raymond James reiterated coverage of Great Ajax with a rating of Outperform and set a new price target of $14.00 from $11.50 previously
Piper Sandler resumed coverage of Great Ajax with a rating of Overweight and set a new price target of $15.00 from $13.00 previously
Raymond James reiterated coverage of Great Ajax with a rating of Outperform and set a new price target of $14.00 from $11.50 previously
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 (NYSE:AJX) reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $0.02 by 900 percent. This is a 77.78 percent decrease over losses of $(0.09) per share from the same period last year. The company reported quarterly sales of $(49.38 million) which missed the analyst consensus estimate of $3.22 million by 1.63K percent. This is a 9.24K percent decrease over sales of $540.00 thousand the same period last year.
B. Riley Securities analyst Matt Howlett reiterates Great Ajax (NYSE:AJX) with a Buy and lowers the price target from $8 to $6.
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Great Ajax Corp. (NYSE:AJX) On Feb. 26, Gret Ajax reported worse-than-expected fourth-quarter adjusted EPS results.. The company’s
Great Ajax (NYSE:AJX) reported quarterly adjusted losses of $(0.07) per share which missed the analyst consensus estimate of $(0.01) by 600 percent. This is a 40 percent decrease over losses of $(0.05) per share from the same period last year.
Subject to the receipt of shareholder approval, Great Ajax will enter into a management agreement with an affiliate of Rithm to serve as its external manager. The transaction will enable Great Ajax to shift its strategic direction and capitalize on commercial real estate investment opportunities.
JMP Securities analyst Steven Delaney downgrades Great Ajax (NYSE:AJX) from Market Outperform to Market Perform.