Raymond James Maintains Outperform Rating for Great Ajax: Here's What You Need To Know

Raymond James has decided to maintain its Outperform rating of Great Ajax AJX and lower its price target from $16.00 to $14.50.

Shares of Great Ajax are trading up 2.69% over the last 24 hours, at $9.16 per share.

A move to $14.50 would account for a 58.3% increase from the current share price.

About Great Ajax

Great Ajax Corp is an externally managed real estate company. The company's primary business is acquiring, investing in and managing a portfolio of mortgage loans. It primarily targets acquisitions of re-performing loans (RPLs) including residential mortgage loans and small balance commercial mortgage loans (SBC loans). Great Ajax operates in a single segment. The company also holds real-estate owned (REO) properties acquired upon the foreclosure, other settlement of owned non-performing loans.

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