Raymond James has decided to maintain his outperformance rating from Great Ajax AJX and lower its price target from $16.00 to $14.50.
Great Ajax shares are trading up 2.69% in the past 24 hours, at $9.16 per share.
A move to $14.50 would represent a 58.3% increase from the current stock price.
About Greater Ajax
Great Ajax Corp is an externally managed real estate company. The principal activity of the company is to acquire, invest and manage a portfolio of mortgage loans. It primarily targets acquisitions of reproductive loans (RPLs), including residential mortgages and low-balance commercial mortgages (SBC loans). Great Ajax operates in a single segment. The company also holds real estate (REO) properties acquired during foreclosure, other non-performing loan settlements held.
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