Raymond James maintains outperform rating for Ajax great: Here’s what you need to know

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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.

About analyst ratings

Analysts work in banking and financial systems and typically specialize in reporting on stocks or defined sectors. Analysts can attend company conference calls and meetings, research company financials, and communicate with insiders to issue “analyst notes” for stocks. Analysts typically rate each stock once a quarter.

Some analysts will also offer forecasts for metrics such as growth estimates, earnings, and revenue to provide additional stock insights. Investors using analyst ratings should note that this expert advice is human-sourced and may be subject to error.

If you want to track which analysts are outperforming others, you can view updated analyst ratings as well as analyst pass scores in Benzinga Pro.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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