Great Ajax Corp Gets a Buy from FBR Capital

By Carrie Williams

In a report released today, Jessica Levi-Ribner from FBR Capital reiterated a Buy rating on Great Ajax Corp (NYSE: AJX). The company’s shares opened today at $13.06.

According to TipRanks.com, Levi-Ribner is a 5-star analyst with an average return of 12.3% and a 87.1% success rate. Levi-Ribner covers the Financial sector, focusing on stocks such as Sutherland Asset Management Corporation, Arlington Asset Investment, and New York Mortgage Trust.

Great Ajax Corp has an analyst consensus of Moderate Buy, with a price target consensus of $14.

Based on Great Ajax Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $18.55 million and quarterly net profit of $5.89 million. In comparison, last year the company earned revenue of $16.4 million and had a net profit of $7.64 million.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AJX in relation to earlier this year. Most recently, in December 2016, Lawrence Mendelsohn, the CEO of AJX bought 8,000 shares for a total of $101,120.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Great Ajax Corp. acquires, invests and manages a portfolio of mortgage loans secured by single- family residences and single-family properties. It holds real-estate owned (REO) properties acquired upon the foreclosure, other settlement of our owned non-performing loans, or that we acquire in the market. The company was incorporated on January 30, 2014 and is headquartered in Beaverton, OR.