Great Ajax Corp. (NYSE:AJX) Declares $0.06 Quarterly Dividend

Great Ajax Corp. (NYSE:AJX) announced a quarterly dividend on Monday, October 21st,Wall Street Journal reports. Investors of record on Friday, November 15th will be given 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 yield of 7.73%. The ex-dividend date is Friday, November 15th.

Great Ajax has a dividend payout ratio of 61.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Great Ajax to earn $0.39 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 61.5%.

Great Ajax Trading Up 1.1 %

Great Ajax stock opened at $3.11 on Thursday. The firm has a 50 day moving average of $3.26 and a 200 day moving average of $3.41. The firm has a market capitalization of $141.03 million, a price-to-earnings ratio of -0.82 and a beta of 1.90. Great Ajax has a 12-month low of $2.98 and a 12-month high of $6.01. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.08.

Great Ajax (NYSE:AJX) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.26. The firm had revenue of $12.35 million for the quarter. Great Ajax had a negative net margin of 203.61% and a negative return on equity of 8.35%. During the same quarter in the previous year, the business earned ($0.25) EPS. As a group, research analysts predict that Great Ajax will post -2.93 earnings per share for the current year.

Analyst Ratings Changes

Separately, BTIG Research began coverage on shares of Great Ajax in a research report on Tuesday, September 10th. They set a “neutral” rating on the stock.

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.