Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
13 February 2015Website:
http://www.greatajax.comNext earnings report:
02 August 2024Last dividends:
14 May 2024Next dividends:
N/APrice
after hours | Fri, 28 Jun 2024 21:38:09 GMTAnalysts recommendations
Institutional Ownership
AJX Latest News
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.
Great Ajax Corp. (NYSE:AJX ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Lawrence Mendelsohn - Chief Executive Officer Russell Schaub - President Mary Doyle - CFO Conference Call Participants Operator Good afternoon, ladies and gentlemen. Welcome to the Great Ajax Corporation Q3, 2023 Financial Results Conference call.
Great Ajax Corp. (NYSE:AJX ) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Lawrence Mendelsohn – Chief Executive Officer Conference Call Participants Operator Good afternoon. My name is Rob, and I will be your conference operator today.
Great Ajax (AJX) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.25 per share a year ago.
The company is being bought out by a peer. The all-stock deal shakes out to a premium of 19% for Great Ajax shareholders.
Great Ajax Corp. AJX, +2.00% stock is rallying 9% in premarket trades Monday after it agreed to be acquired by Ellington Financial Inc. EFC, +0.44% for about $173 million in stock. Ellington Financial said each share of Great Ajax common stock will be converted into 0.5308 shares of Ellington Financial common stock, or approximately 12.5 million shares of Ellington Financial common stock valued at about $172.5 million.
Great Ajax Corp. specializes in purchasing of poor-quality mortgage loans and making them perform - a strategy that may perform well during an economic recovery. AJX's earnings are most likely to recover due to favorable economic environment, strong mortgage pipeline, and an anticipated dip in funding cost. I'm expecting AJX to report earnings growth in another 12 to 18 months and continue to offer a double-digit yield along with a steady quarterly pay-out.
Great Ajax Corp. (NYSE:AJX ) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Larry Mendelsohn – Chief Executive Officer Mary Doyle – Chief Financial Officer Conference Call Participants Matt Howlett – B. Riley Eric Hagen – BTIG Operator Good day, everyone, and welcome to the Great Ajax Corp. Q1 2023 Financial Results Conference Call.
What type of business is Great Ajax?
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.
What sector is Great Ajax in?
Great Ajax is in the Real Estate sector
What industry is Great Ajax in?
Great Ajax is in the Mortgage industry
What country is Great Ajax from?
Great Ajax is headquartered in United States
When did Great Ajax go public?
Great Ajax initial public offering (IPO) was on 13 February 2015
What is Great Ajax website?
https://www.greatajax.com
Is Great Ajax in the S&P 500?
No, Great Ajax is not included in the S&P 500 index
Is Great Ajax in the NASDAQ 100?
No, Great Ajax is not included in the NASDAQ 100 index
Is Great Ajax in the Dow Jones?
No, Great Ajax is not included in the Dow Jones index
When does Great Ajax report earnings?
The next expected earnings date for Great Ajax is 02 August 2024