Great Ajax Corp. (NYSE:AJX – Get Free Report) declared a quarterly dividend on Monday, October 21st, Wall Street Journal reports. Investors of record on Friday, November 15th will be paid a dividend of 0.06 per share by the real estate investment trust on Friday, November 29th. This represents a $0.24 annualized dividend and a dividend yield of 7.20%. The ex-dividend date is Friday, November 15th.
Great Ajax has a payout ratio of 53.3% indicating that its dividend is sufficiently covered by earnings.
Great Ajax Trading Up 2.6 %
Shares of Great Ajax stock traded up $0.08 during trading hours on Tuesday, reaching $3.34. 195,049 shares of the company’s stock were exchanged, compared to its average volume of 134,186. The firm has a market capitalization of $131.95 million, a price-to-earnings ratio of -0.84 and a beta of 1.90. The company has a fifty day moving average of $3.32 and a 200-day moving average of $3.46. Great Ajax has a 52-week low of $2.98 and a 52-week high of $6.01. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.09.
Analyst Upgrades and Downgrades
Separately, BTIG Research initiated coverage on shares of Great Ajax in a report on Tuesday, September 10th. They issued a “neutral” rating on the stock.
Read Our Latest Research Report on Great Ajax
Great Ajax Company Profile
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.
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