ClariVest Asset Management LLC bought a new position in Great Ajax Corp. (NYSE:AJX) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 44,734 shares of the real estate investment trust’s stock, valued at approximately $620,000.
Several other large investors have also recently added to or reduced their stakes in AJX. Covalent Partners LLC increased its stake in Great Ajax Corp. by 7.8% in the first quarter. Covalent Partners LLC now owns 1,038,781 shares of the real estate investment trust’s stock worth $11,624,000 after buying an additional 75,461 shares during the period. Renaissance Technologies LLC purchased a new stake in Great Ajax Corp. during the first quarter worth approximately $563,000. Geode Capital Management LLC increased its stake in Great Ajax Corp. by 15.7% in the first quarter. Geode Capital Management LLC now owns 35,273 shares of the real estate investment trust’s stock worth $394,000 after buying an additional 4,791 shares during the period. State Street Corp increased its stake in Great Ajax Corp. by 15.2% in the first quarter. State Street Corp now owns 31,049 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 4,090 shares during the period. Finally, Wealthsource Partners LLC purchased a new stake in Great Ajax Corp. during the first quarter worth approximately $257,000. 75.14% of the stock is owned by hedge funds and other institutional investors.
Great Ajax Corp. (NYSE:AJX) traded up 0.65% during mid-day trading on Friday, hitting $13.87. The stock had a trading volume of 207,305 shares. Great Ajax Corp. has a 12-month low of $9.06 and a 12-month high of $14.48. The stock has a 50-day moving average price of $13.63 and a 200 day moving average price of $13.51. The firm has a market cap of $248.87 million, a P/E ratio of 7.15 and a beta of 1.09.
AJX has been the subject of a number of analyst reports. Zacks Investment Research downgraded Great Ajax Corp. from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 4th. Piper Jaffray Cos. initiated coverage on Great Ajax Corp. in a report on Monday, June 20th. They issued an “overweight” rating and a $15.00 price target for the company. Finally, FBR & Co reissued an “outperform” rating and issued a $18.00 price target on shares of Great Ajax Corp. in a report on Thursday, August 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $16.50.
About Great Ajax Corp.
Great Ajax Corp. is an externally managed real estate company. The Company is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. Its segment is focused on non-performing mortgages and re-performing mortgages.
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