Great Ajax Corp Receives a Buy from FBR Capital

By Austin Angelo

FBR Capital analyst Jessica Levi-Ribner reiterated a Buy rating on Great Ajax Corp (NYSE: AJX) yesterday. The company’s shares opened today at $13.24.

According to, Levi-Ribner is a 4-star analyst with an average return of 5.7% and a 70.7% success rate. Levi-Ribner covers the Financial sector, focusing on stocks such as Arlington Asset Investment, NorthStar Asset Management, and New York Mortgage Trust.

Currently, the analyst consensus on Great Ajax Corp is Moderate Buy and the average price target is $16, representing a 20.8% upside.

In a report issued on October 20, JMP Securities also initiated coverage with a Buy rating on the stock with a $16 price target.

Great Ajax Corp’s market cap is currently $241.6M and has a P/E ratio of 7.08. The company has a book value ratio of 0.8854.

Based on the recent corporate insider activity of 30 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.

Great Ajax Corp., a real estate investment trust that invests in multi-family residential and commercial mixed use retail or residential properties in the US. The fund provides financing in the form of debt.