Real Estate - REIT - Mortgage - NYSE - US
$ 3.04
-0.654 %
$ 138 M
Market Cap
-0.9
P/E
Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. In addition, it acquires and originates small balance commercial loans (SBC) secured by multi-family residential and commercial mixed-use retail/residential properties; and invests in single-family and smaller commercial properties through a foreclosure event of a loan or a direct acquisition. The company elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.[ Read More ]
The intrinsic value of one AJX stock under the base case scenario is HIDDEN Compared to the current market price of 3.04 USD, Great Ajax Corp. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart AJX
FINANCIALS
62.7 M
REVENUE
0
OPERATING INCOME
-47 M
NET INCOME
-46.5 M
OPERATING CASH FLOW
173 M
INVESTING CASH FLOW
-121 M
FINANCING CASH FLOW
-2.78 M
REVENUE
2.1 M
OPERATING INCOME
-8.03 M
NET INCOME
23.8 M
OPERATING CASH FLOW
311 M
INVESTING CASH FLOW
22.8 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Great Ajax Corp.
| Current Assets | 60.1 M |
| Cash & Short-Term Investments | 52.8 M |
| Receivables | 7.31 M |
| Other Current Assets | 0 |
| Non-Current Assets | 323 M |
| Long-Term Investments | 323 M |
| PP&E | 0 |
| Other Non-Current Assets | 0 |
| Current Liabilities | 2 M |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 2 M |
| Non-Current Liabilities | 104 M |
| Long-Term Debt | 622 M |
| Other Non-Current Liabilities | -518 M |
EFFICIENCY
Earnings Waterfall
Great Ajax Corp.
| Revenue | 62.7 M |
| Cost Of Revenue | 15 M |
| Gross Profit | 47.6 M |
| Operating Expenses | 14.6 M |
| Operating Income | 0 |
| Other Expenses | 47 M |
| Net Income | -47 M |
RATIOS
76.01%
GROSS MARGIN
0.00%
OPERATING MARGIN
-75.10%
NET MARGIN
-15.24%
ROE
-3.52%
ROA
0.00%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Great Ajax Corp.
| Net Income | -47 M |
| Depreciation & Amortization | 2.71 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 1.48 M |
| Change in Working Capital | -16.2 M |
| Others | -3.82 M |
| Free Cash Flow | -46.5 M |
Wall Street Analysts Price Targets
Great Ajax Corp.
Wall Street analysts predict an average 1-year price target for AJX of $9.75 , with forecasts ranging from a low of $6 to a high of $16 .
AJX Lowest Price Target
Wall Street Target
6 USD
97.37%
AJX Average Price Target
Wall Street Target
9.75 USD
220.72%
AJX Highest Price Target
Wall Street Target
16 USD
426.32%
4. DIVIDEND ANALYSIS
1.81%
DIVIDEND YIELD
0.06 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Great Ajax Corp.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 year ago
Dec 13, 2022
|
Sell 27.3 K USD
|
Doyle Mary B
Chief Financial Officer |
- 3612
|
7.563 USD |
|
2 years ago
Aug 31, 2022
|
Sell 538 K USD
|
Litowitz Alec N
director: |
- 76961
|
6.99 USD |
|
2 years ago
Jul 26, 2022
|
Sell 674 K USD
|
Litowitz Alec N
director: |
- 96460
|
6.99 USD |
|
2 years ago
Jun 28, 2022
|
Sell 2.7 M USD
|
Litowitz Alec N
director: |
- 385839
|
6.99 USD |
|
2 years ago
Jun 17, 2022
|
Sell 674 K USD
|
Litowitz Alec N
director: |
- 96460
|
6.99 USD |
|
4 years ago
Sep 04, 2020
|
Bought 7.24 K USD
|
Ogren John Kirk JR
Director |
+ 500
|
14.47 USD |
|
4 years ago
May 13, 2020
|
Bought 7.24 K USD
|
Ogren John Kirk JR
Director |
+ 500
|
14.47 USD |
|
4 years ago
May 08, 2020
|
Bought 7.24 K USD
|
Ogren John Kirk JR
Director |
+ 500
|
14.47 USD |
|
5 years ago
Dec 07, 2018
|
Bought 152 K USD
|
Handley Jonathan Bradford JR
Director |
+ 10000
|
15.21 USD |
|
6 years ago
Nov 19, 2018
|
Bought 122 K USD
|
MENDELSOHN LAWRENCE
CHIEF EXECUTIVE OFFICER |
+ 8000
|
15.21 USD |
|
7 years ago
Dec 05, 2016
|
Bought 101 K USD
|
MENDELSOHN LAWRENCE
CHIEF EXECUTIVE OFFICER |
+ 8000
|
12.6427 USD |
|
8 years ago
Jun 10, 2016
|
Bought 238 K USD
|
MENDELSOHN LAWRENCE
CHIEF EXECUTIVE OFFICER |
+ 18000
|
13.25 USD |
|
8 years ago
Jun 13, 2016
|
Bought 55.9 K USD
|
Doyle Mary B
CHIEF FINANCIAL OFFICER |
+ 4271
|
13.0952 USD |
|
8 years ago
Jun 10, 2016
|
Bought 100 K USD
|
Schaub Russell
director: PRESIDENT |
+ 7547
|
13.25 USD |
|
8 years ago
May 04, 2016
|
Bought 43.8 K USD
|
Doyle Mary B
CHIEF FINANCIAL OFFICER |
+ 3148
|
13.9145 USD |
|
8 years ago
Mar 02, 2016
|
Bought 102 K USD
|
Handley Jonathan Bradford JR
Director |
+ 10000
|
10.22 USD |
|
9 years ago
Nov 03, 2015
|
Bought 98.9 K USD
|
Ogren John Kirk JR
Director |
+ 7500
|
13.1855 USD |
|
8 years ago
Dec 09, 2015
|
Bought 11.9 K USD
|
MENDELSOHN LAWRENCE
CHIEF EXECUTIVE OFFICER |
+ 1000
|
11.859 USD |
|
8 years ago
Dec 09, 2015
|
Bought 18.1 K USD
|
MENDELSOHN LAWRENCE
CHIEF EXECUTIVE OFFICER |
+ 1500
|
12.076 USD |
|
8 years ago
Dec 08, 2015
|
Bought 13.4 K USD
|
MENDELSOHN LAWRENCE
CHIEF EXECUTIVE OFFICER |
+ 1110
|
12.069 USD |
|
9 years ago
Aug 31, 2015
|
Bought 12.8 K USD
|
Schaub Russell
PRESIDENT |
+ 1000
|
12.85 USD |
|
9 years ago
Aug 27, 2015
|
Bought 11.9 K USD
|
MENDELSOHN LAWRENCE
CHIEF EXECUTIVE OFFICER |
+ 922
|
12.96 USD |
|
9 years ago
Aug 26, 2015
|
Bought 13 USD
|
MENDELSOHN LAWRENCE
CHIEF EXECUTIVE OFFICER |
+ 1
|
12.96 USD |
|
9 years ago
Aug 20, 2015
|
Bought 13.3 K USD
|
MENDELSOHN LAWRENCE
CHIEF EXECUTIVE OFFICER |
+ 1000
|
13.3 USD |
|
9 years ago
May 13, 2015
|
Bought 12.9 K USD
|
Hoffman Daniel Jay
Director |
+ 1000
|
12.94 USD |
|
9 years ago
May 13, 2015
|
Bought 13 K USD
|
MENDELSOHN LAWRENCE
CHIEF EXECUTIVE OFFICER |
+ 1000
|
12.97 USD |
|
9 years ago
May 13, 2015
|
Bought 13 K USD
|
MENDELSOHN LAWRENCE
CHIEF EXECUTIVE OFFICER |
+ 1000
|
12.97 USD |
|
9 years ago
May 12, 2015
|
Bought 13.7 K USD
|
Ohl Glenn J
CHIEF FINANCIAL OFFICER |
+ 1000
|
13.69 USD |
|
9 years ago
May 12, 2015
|
Bought 26.9 K USD
|
MENDELSOHN LAWRENCE
CHIEF EXECUTIVE OFFICER |
+ 2000
|
13.46 USD |
|
9 years ago
May 06, 2015
|
Bought 14 K USD
|
MENDELSOHN LAWRENCE
CHIEF EXECUTIVE OFFICER |
+ 1000
|
14 USD |
|
9 years ago
May 06, 2015
|
Bought 14 K USD
|
MENDELSOHN LAWRENCE
CHIEF EXECUTIVE OFFICER |
+ 1000
|
14 USD |
|
9 years ago
May 07, 2015
|
Bought 13.8 K USD
|
Hoffman Daniel Jay
Director |
+ 1000
|
13.77 USD |
|
9 years ago
Feb 19, 2015
|
Bought 1.14 M USD
|
Flexpoint Great Ajax Holdings LLC
10 percent owner |
+ 80000
|
14.25 USD |
|
9 years ago
Feb 19, 2015
|
Bought 1.03 M USD
|
MENDELSOHN LAWRENCE
Chief Executive Officer |
+ 72000
|
14.25 USD |
|
9 years ago
Feb 19, 2015
|
Bought 114 K USD
|
MENDELSOHN LAWRENCE
Chief Executive Officer |
+ 8000
|
14.25 USD |
|
9 years ago
Feb 19, 2015
|
Bought 1.03 M USD
|
Schaub Russell
President |
+ 72000
|
14.25 USD |
7. News
Brace For Volatility
U.S. equity markets snapped a six-week winning streak, while benchmark interest rates surged to three-month highs as investors braced for a volatile two-week stretch of market-moving events. Another surprisingly solid slate of domestic economic data - highlighted by improved jobless claims and consumer sentiment reports - lifted the U.S. Economic Surprise Index to the highest-level since April. Retreating from record-highs, the S&P 500 finished lower by 1% on the week, declining for just the second time in the past twelve weeks. Rate-sensitive segments and small-caps were laggards.
seekingalpha.com
- 3 weeks ago
Great Ajax Corp. (AJX) Q3 2024 Earnings Call Transcript
Great Ajax Corp. (NYSE:AJX ) Q3 2024 Earnings Conference Call October 21, 2024 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel, Rithm Capital Michael Nierenberg - CEO & Chairman, CEO & President, Rithm Capital Conference Call Participants Thomas Catherwood - BTIG Stephen Laws - Raymond James Operator Good day, and welcome to the Great Ajax Third Quarter 2024 Earnings Call. All participants will be in listen-only mode.
seekingalpha.com
- 3 weeks ago
Great Ajax Corp. Announces Results for the Quarter Ended September 30, 2024 and Announces Intent to Rebrand to Rithm Property Trust Inc.
NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX, “Great Ajax” or the “Company”) today announced the following financial results for the quarter ended September 30, 2024. Third Quarter Financial Highlights: GAAP net loss attributable to common stockholders of $(8.0) million, or $(0.18) per diluted share1 Earnings Available for Distribution of $(5.4) million or $(0.12) per diluted common share1,2 Book value per common share of $5.47 at September 30, 20241 Paid a common dividend of $2.7 mil.
businesswire.com
- 3 weeks ago
Great Ajax Corp. Schedules Its Third Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX, “Great Ajax” or the “Company”) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Monday, October 21, 2024 prior to the opening of the New York Stock Exchange. In conjunction with the release, Great Ajax will host a conference call at 8:00 AM ET on Monday, October 21, 2024 to review its financial results for the third quarter of 2024. The conference call may be accessed by dialing 1.
businesswire.com
- 1 month ago
Great Ajax Corp. (AJX) Q4 2023 Earnings Call Transcript
Great Ajax Corp. (NYSE:AJX ) Q4 2023 Earnings Conference Call July 24, 2023 8:00 AM ET Company Participants Michael Nierenberg - Chief Executive Officer Mary Doyle - Principal Financial Officer and Principal Accounting Officer Conference Call Participants Eric Hagen - BTIG Stephen Laws - Raymond James Jason Stewart - Janney Montgomery Scott Operator Good day and welcome to the Great Ajax Second Quarter 2024 Earnings Call. All participants will be in listen-only mode.
seekingalpha.com
- 3 months ago
A Critical Cooldown
U.S. equity markets posted a mixed performance this week, while benchmark interest rates dipped to two-month lows after a critical slate of inflation data showed an encouraging cooldown in price pressures. As expected, the Fed held rates steady at two-decade highs of 5.50%, but the committee's "dot plots" showed that the FOMC is now penciling in just one rate-cut in 2024. Posting a series of record highs throughout the week, the S&P 500 advanced another 1.6% to extend its year-to-date total returns to over 15%, but the gains were notably top-heavy.
seekingalpha.com
- 5 months ago
Rithm Capital Corp. and Great Ajax Corp. Complete Transaction
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”), a global asset manager focused on real estate, credit and financial services, and Great Ajax Corp. (NYSE: AJX; “Great Ajax”), a real estate investment trust, today completed their previously announced transaction. As part of the transaction, Great Ajax has entered into a management agreement with an affiliate of Rithm to serve as Great Ajax's external manager. The transaction marks a significant milestone for Great Ajax, with.
businesswire.com
- 5 months ago
Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2024
NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust ("REIT"), announces its results of operations for the quarter ended March 31, 2024. We focus primarily on acquiring, investing in and managing a portfolio of re-performing mortgage loans ("RPLs") and non-performing loans ("NPLs") secured by single-family residences and commercial properties. In addition to our continued focus on RPLs and NPLs, we also originate and acquire smal.
businesswire.com
- 6 months ago
Great Ajax Corp. Announces Final Conversion Rate for Its Convertible Notes
NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX; the “Company”), a real estate investment trust, in advance of the upcoming maturity of its outstanding convertible notes on April 30, 2024, announced that the convertible notes have a final conversion rate of 1.7405 shares of common stock per $25.00 principal amount of notes, which represents a conversion price of approximately $14.36 per share of common stock. About Great Ajax Corp. Great Ajax (NYSE: AJX) is a real estate investment trust.
businesswire.com
- 6 months ago
Great Ajax Corp. Announces Record Date for Stockholders Meeting to Approve Strategic Transaction With Rithm Capital Corp.
NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX; the “Company”), a real estate investment trust, announced today that its board of directors has fixed a record date of April 22, 2024 for its 2024 meeting of stockholders (the “Meeting”) to, among other things, consider and vote upon certain matters relating to the previously announced strategic transaction (the “Transaction”) by and between the Company and Rithm Capital Corp. (together with its subsidiaries, “Rithm”). At the Meeting, the.
businesswire.com
- 7 months ago
Top 3 Financial Stocks That May Explode This Quarter - AtlasClear Holdings (AMEX:ATCH), Great Ajax (NYSE:AJX)
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
benzinga.com
- 8 months ago
Losers Of REIT Earnings Season
After covering the Winners of REIT Earnings Season last week, Part 2 of our Earnings Recap focuses on the worst-performing property sectors and common threads shared by these laggards. While there were no major "bombshells" this earnings season, there were pockets of relative weakness seen in the interest-rate-sensitive property sectors - net lease and office - along with goods-oriented sectors. Surging interest expense - not property-level fundamentals - was again the culprit behind much of this pain, underscoring the continued challenges facing more highly leveraged private real estate portfolios.
seekingalpha.com
- 8 months ago
8. Profile Summary
Great Ajax Corp. AJX
COUNTRY
US
INDUSTRY
REIT - Mortgage
MARKET CAP
$ 138 M
Dividend Yield
1.81%
Description
Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. In addition, it acquires and originates small balance commercial loans (SBC) secured by multi-family residential and commercial mixed-use retail/residential properties; and invests in single-family and smaller commercial properties through a foreclosure event of a loan or a direct acquisition. The company elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. Great Ajax Corp. was incorporated in 2014 and is based in Tigard, Oregon.
Contact
13190 SW 68th Parkway, Tigard, OR, 97223
https://www.greatajax.com
IPO Date
Feb. 13, 2015
Employees
None
Officers
Ms. Lauren DeMasi
Secretary
Mr. Michael Nierenberg
Chief Executive Officer & Director
Ms. Mary B. Doyle CPA
Principal Financial Officer & Principal Accounting Officer
Mr. Russell A. Schaub
President