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Great Ajax (NYSE:AJX) Stock, Chaîne d'Options

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. The company is focused on 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.

Great Ajax Corp

Great Ajax Corp 7.25% Convertible Sr Notes 04/30/2024

Great Ajax Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJX#NYSE">AJX</a>, "Great Ajax" or the "Company"))) today announced it will complete its previously announced name change and rebrand to Rithm Property Trust Inc. on December 2, 2024. In conjunction with the rebrand, the Company's common stock will begin trading on the New York Stock Exchange at the market open on December 3, 2024, under the Company's new name and new ticker symbol of "RPT". This will replace the Company's current ticker symbol, "AJX." The CUSIP for the Company's common stock will not change, and shareholders do not need to take any action as a result of the name change. The Company's new website will be <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.rithmpropertytrust.com&amp;esheet=54156021&amp;newsitemid=20241120648050&amp;lan=en-US&amp;anchor=www.rithmpropertytrust.com&amp;index=1&amp;md5=b432d0f284b19c2e7bbd836aaabe59dd">www.rithmpropertytrust.com</a>. The rebranding initiative highlights a new chapter in the Company's evolution as an opportunistic real estate investment platform and will reinforce the beneficial relationship with Rithm Capital Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RITM#NYSE">RITM</a>), a leading global asset manager.

News

RITM

Great Ajax Corp. Announces It Will Complete Its Previously Announced Name Change And Rebrand To Rithm Property Trust Inc. On December 2, 2024; Will Begin Trading On The New York Stock Exchange At The Market Open On December 3, 2024, Under The Company's New Name And New Ticker Symbol Of "RPT"

The name change is expected to take effect during the&nbsp;fourth quarter&nbsp;of 2024, pursuant to customary notices.

Great Ajax Expects To Change Its Name And Rebrand As Rithm Property Trust Inc. And To Change Its Ticker Symbol On NYSE To 'RPT'

Great Ajax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJX#NYSE">AJX</a>) is set to give its latest quarterly earnings report on Monday, 2024-10-21. Here's what investors need to know before the announcement.
Analysts estimate that Great Ajax will report an earnings per share (EPS) of $-0.38. 
The market awaits Great Ajax's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Past Earnings Performance</h3>
In the previous earnings release, the company missed EPS by $0.09, leading to a 5.16% drop in the share price the following trading session.
Here's a look at Great Ajax's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.15</td>
<td>0.02</td>
<td>0.20</td>
<td>0.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.24</td>
<td>-0.16</td>
<td>-0.07</td>
<td>-0.09</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.0%</td>
<td>-3.0%</td>
<td>-14.000000000000002%</td>
<td>3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729275907_0.png" alt="eps graph" />
<h3>Market Performance of Great Ajax's Stock</h3>
Shares of Great Ajax were trading at $3.24 as of October 17. Over the last 52-week period, shares are down 26.3%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/AJX/earnings">To track all earnings releases for Great Ajax visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

What's Next: Great Ajax's Earnings Preview

Great Ajax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJX#NYSE">AJX</a>) will release its quarterly earnings report on Monday, 2024-10-21. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Great Ajax to report an earnings per share (EPS) of $-0.38.
Investors in Great Ajax are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Overview of Past Earnings</h3>
In the previous earnings release, the company missed EPS by $0.09, leading to a 5.16% drop in the share price the following trading session.

<img src="https://www.benzinga.com/files/images/story/2024/1729263851_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Great Ajax were trading at $3.24 as of October 17. Over the last 52-week period, shares are down 26.3%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/AJX/earnings">To track all earnings releases for Great Ajax visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into Great Ajax's Upcoming Earnings

Great Ajax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJX#NYSE">AJX</a>) reported quarterly losses of $(0.24) per share which missed the analyst consensus estimate of $(0.15) by 60 percent. The company reported quarterly sales of $(8.958 million) which missed the analyst consensus estimate of $4.983 million by 279.77 percent. This is a 271.09 percent decrease over sales of $(2.414 million) the same period last year.

Earnings Misses

Great Ajax Q2 2024 Adj EPS $(0.24) Misses $(0.15) Estimate, Sales $(8.958M) Miss $4.983M Estimate

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector.
<h3 class="wp-block-heading">OneMain Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMF#NYSE">OMF</a>)</h3>
<ul>
<li>Dividend Yield: 8.63%</li>
<li>BMO Capital analyst James Fotheringham maintained a Market Perform rating and boosted the price target from $48 to $50 on May 2. This analyst has an accuracy rate of 74%.</li>
<li>JP Morgan analyst Richard Shane maintained an Overweight rating and increased the price target from $51 to $52 on May 1. This analyst has an accuracy rate of 68%.</li>
<li>Recent News: On April 30, OneMain Holdings posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest OneMain's news</li>
</ul>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="679" height="747" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/26224950/Screenshot-2024-06-27-at-9.49.43-AM.png" alt="" class="wp-image-407694" style="width:493px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/26224950/Screenshot-2024-06-27-at-9.49.43-AM.png 679w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/26224950/Screenshot-2024-06-27-at-9.49.43-AM-273x300.png 273w" sizes="(max-width: 679px) 100vw, 679px" /></figure>
<h3 class="wp-block-heading">Columbia Banking System, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>)</h3>
<ul>
<li>Dividend Yield: 7.65%</li>
<li>Piper Sandler analyst Matthew Clark reiterated an Overweight rating with a price target of $27 on June 5. This analyst has an accuracy rate of 64%.</li>
<li>Barclays analyst Jared Shaw maintained an Equal-Weight rating and increased the price target from $20 to $21 on April 26. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: On May 13, Columbia Banking System announced a 36 cents per common share dividend.</li>
<li>Benzinga Pro's charting tool helped identify the trend in COLB's stock.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="688" height="748" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/26225031/Screenshot-2024-06-27-at-9.50.25-AM.png" alt="" class="wp-image-407695" style="width:526px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/26225031/Screenshot-2024-06-27-at-9.50.25-AM.png 688w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/26225031/Screenshot-2024-06-27-at-9.50.25-AM-276x300.png 276w" sizes="(max-width: 688px) 100vw, 688px" /></figure>
<h3 class="wp-block-heading">Great Ajax Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJX#NYSE">AJX</a>)</h3>
<ul>
<li>Dividend Yield: 6.69%</li>
<li>JMP Securities analyst Steven Delaneydowngraded the stock from Market Outperform to Market Perform on Jan. 12. This analyst has an accuracy rate of 68%.</li>
<li>Raymond James analyst Stephen Lawsdowngraded the stock from Outperform to Market Perform on July 6, 2023. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On May 34, Great Ajax posted downbeat quarterly results.</li>
<li>Benzinga Pro's signals feature notified of a potential breakout in Great Ajax's shares.</li>
</ul>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="682" height="542" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/26225102/Screenshot-2024-06-27-at-9.50.57-AM.png" alt="" class="wp-image-407696" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/26225102/Screenshot-2024-06-27-at-9.50.57-AM.png 682w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/26225102/Screenshot-2024-06-27-at-9.50.57-AM-300x238.png 300w" sizes="(max-width: 682px) 100vw, 682px" /></figure>
Check This Out: <a href="https://www.youtube.com/watch?v=pVF0O2lsEH4">How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro</a>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>

Dividends

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

COLB

Wall Street's Most Accurate Analysts Spotlight On 3 Financial Stocks Delivering High-Dividend Yields

Offerings

Great Ajax Corp Filed For Shelf Of Up To 12M Shares Of Common Stock By Selling Stockholders

Great Ajax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJX#NYSE">AJX</a>) reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $0.02 by 900 percent. This is a 77.78 percent decrease over losses of $(0.09) per share from the same period last year. The company reported quarterly sales of $(49.38 million) which missed the analyst consensus estimate of $3.22 million by 1.63K percent. This is a 9.24K percent decrease over sales of $540.00 thousand the same period last year.

Great Ajax Q1 Adj $(0.16) Misses $0.02 Estimate, Sales $(49.38M) Miss $3.22M Estimate

B. Riley Securities analyst Matt Howlett reiterates Great Ajax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJX#NYSE">AJX</a>) with a Buy and lowers the price target from $8 to $6.

Reiteration

B. Riley Securities Reiterates Buy on Great Ajax, Lowers Price Target to $6

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Great Ajax Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ajx#NYSE">AJX</a>)</h3>
<ul>
<li>On Feb. 26, Gret Ajax reported worse-than-expected fourth-quarter adjusted EPS results.. The company&rsquo;s stock fell around 25% over the past month and has a <a href="https://www.benzinga.com/quote/AJX">52-week low of $3.30 </a>.</li>
<li>RSI Value: 29.64</li>
<li>AJX Price Action: Shares of Great Ajax fell 0.3% to close at $3.59 on Friday.</li>
</ul>
<h3>TriplePoint Venture Growth BDC Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tpvg#NYSE">TPVG</a>)</h3>
<ul>
<li>On March 6, TriplePoint Venture Growth reported worse-than-expected fourth-quarter financial results. &quot;Venture capital markets continued to be challenging in the fourth quarter,&quot; said Jim Labe, chairman and chief executive officer of TPVG. &quot;We remain focused on our established priorities that we believe will enable the Company to navigate the current market environment.&quot; The company&rsquo;s stock fell around 8% over the past five days. It <a href="https://www.benzinga.com/quote/TPVG"> has a 52-week low </a> of $9.08.</li>
<li>RSI Value: 25.94</li>
<li>TPVG Price Action: Shares of TriplePoint Venture Growth BDC fell 0.3% to close at $9.09 on Friday.</li>
</ul>
<h3>AtlasClear Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atch#NYSE">ATCH</a>)</h3>
<ul>
<li>On Feb. 26, AtlasClear said it acquired technology assets from Pacsquare Technologies. The company&rsquo;s stock fell around 24% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/ATCH"> low of $0.9310.</a></li>
<li>RSI Value: 23.76</li>
<li>ATCH Price Action: Shares of AtlasClear Holdings fell 3.8% to close at $1.54 on Friday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37744364/insiders-buying-united-fire-group-and-3-other-stocks"> Insiders Buying United Fire Group And 3 Other Stocks </a>

Long Ideas

Penny Stocks

Small Cap

ATCH

TPVG

Top 3 Financial Stocks That May Explode This Quarter

WIIM

Gret Ajax shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results and a year-over-year decrease in Q4 net interest income results.

Great Ajax (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ajx#NYSE">AJX</a>) reported quarterly adjusted losses of $(0.07) per share which missed the analyst consensus estimate of $(0.01) by 600 percent. This is a 40 percent decrease over losses of $(0.05) per share from the
Great Ajax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJX#NYSE">AJX</a>) reported quarterly adjusted losses of $(0.07) per share which missed the analyst consensus estimate of $(0.01) by 600 percent. This is a 40 percent decrease over losses of $(0.05) per share from the same period last year.

Great Ajax Q4 Adj. EPS $(0.07) Misses $(0.01) Estimate; Net Interest Income $3.17M, Down From $3.97M YoY

Subject to the receipt of shareholder approval, Great Ajax will enter into a management agreement with an affiliate of Rithm to serve as its external manager. The transaction will enable Great Ajax to shift its strategic direction and capitalize on commercial real estate investment opportunities.

Rithm Capital, Great Ajax Enter Strategic Transaction; Great Ajax Enters One-year Term Loan Agreement With Subsidiary Of Rithm For Up To $70M

JMP Securities analyst Steven Delaney downgrades Great Ajax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJX#NYSE">AJX</a>) from Market Outperform to Market Perform.

Downgrades

JMP Securities Downgrades Great Ajax to Market Perform

When analysts initiate coverage on a stock, it means they will begin to provide research on it and make investment recommendations for it for the first time. It typically leads to an increase in trading volume and interest among investors. It can help shares of those stocks to move higher.
Typically, analysts initiate coverage on two or three similar stocks at a time. But consider this somewhat unusual scenario where a single analyst initiated coverage on eight different mortgage real estate investment trusts (mREITs) on the same morning:
On Dec. 6, UBS analyst Douglas Harter initiated coverage with a Neutral rating on the following mREITs and announced price targets for each (year-to-date return included):
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>NAME OF REIT</td>
<td>SYMBOL</td>
<td>PRICE TARGET</td>
<td>Y-T-D RETURN</td>
</tr>
<tr>
<td>Apollo Commercial Real Estate Finance Inc.</td>
<td>ARI</td>
<td>$10.50</td>
<td>11.58%</td>
</tr>
<tr>
<td>ARMOUR Residential REIT Inc.</td>
<td>ARR</td>
<td>$18.50</td>
<td>(18.89%)</td>
</tr>
<tr>
<td>Blackstone Mortgage Trust Inc.</td>
<td>BXMT</td>
<td>$23.50</td>
<td>13.47%</td>
</tr>
<tr>
<td>Chimera Investment Corp.</td>
<td>CIM</td>
<td>$5.50</td>
<td>(1.36%)</td>
</tr>
<tr>
<td>Ellington Financial Inc.</td>
<td>EFC</td>
<td>$13.50</td>
<td>15.35%&nbsp;</td>
</tr>
<tr>
<td>Invesco Mortgage Capital Inc.</td>
<td>IVR</td>
<td>$8</td>
<td>(23.02%)</td>
</tr>
<tr>
<td>MFA Financial Inc.</td>
<td>MFA</td>
<td>$12</td>
<td>18.21%</td>
</tr>
<tr>
<td>Starwood Property Trust Inc.</td>
<td>STWD</td>
<td>$21</td>
<td>18.36%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data source: <a href="https://pro.benzinga.com/register/?utm_source=yahoo_finance">Benzinga Pro</a></figcaption></figure>
The performance of different mREITs varies even though they're in the same subsector. Investors in MFA Financial are a lot happier this year than those holding shares of Invesco Mortgage Capital.
<h2 class="wp-block-heading">Don't Miss:</h2>
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<li>Collecting passive income from real estate just got a whole lot simpler. A new<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> real estate fund backed by Jeff Bezos</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
<li>Passive income investments are one of the most trusted methods for riding out a recession, so it's no surprise that people are turning to <a href="https://www.benzinga.com/real-estate/23/05/32554601/want-to-grow-your-wealth-passively-these-high-yield-real-estate-notes-might-be-your-holy-grail">high-yield real estate notes that pay a fixed 7.5% to 9%.</a></li>
</ul>
Despite performance variations, the analyst rated all eight as Neutral, most likely pending further research and assessments of each. Yet three of these mREITs stand out from the pack this year in total returns:
Starwood Property Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STWD#NYSE">STWD</a>) is a Greenwich, Connecticut-based mREIT that acquires, finances and manages first mortgages, mezzanine loans and other types of loans for commercial and residential real estate. Starwood Property Trust operates throughout the U.S., Europe and Australia.
On Nov. 8, Starwood Property Trust reported its third-quarter operating results. Adjusted earnings per share (EPS) of $0.49 beat the estimate of $0.47 but was below EPS of $0.51 in the third quarter of 2022. Revenue of $521.55 million missed the estimate of $523.77 million but was a 33.54% increase over revenue of $390.54 in the third quarter of 2022.
Starwood's 18.36% represents the highest year-to-date total return among the eight mREITs covered by the analyst.
MFA Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFA#NYSE">MFA</a>) is a New York-based mREIT that invests in residential mortgage-backed securities (MBS) and residential whole loans. In April 2023, Mfa celebrated its 25th anniversary on the New York Stock Exchange.
In September, MFA Financial announced the appointment of Michael Roper as chief financial officer, succeeding Stephen Yarad.&nbsp;&nbsp;&nbsp;
On Nov. 7, MFA Financial reported its third-quarter operating results. Non-generally accepted accounting principles (GAAP) earnings per share of $0.40 beat the estimates of $0.38. Revenue of $46.14 million beat the estimates of $44.86 million but was lower than third-quarter 2022 revenue of $52.29 million.
On Nov. 21, Raymond James analyst Stephen Lewis maintained MFA Financial with an Outperform rating while lowering the price target slightly from $13 to $12.50. MFA's recent closing price was $10.50.
The quarterly dividend of $0.35 imparts an annual dividend of $1.40, which presently yields 12.77%. The question is whether the dividend is sustainable, given that the payout ratio is a risky 95.8%. Still, that has not put a damper on its year-to-date performance of 18.21%.
Ellington Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFC#NYSE">EFC</a>) is an Old Greenwich, Connecticut-based mREIT that invests in diverse financial assets, including residential and commercial mortgage loans, residential and commercial mortgage-backed securities, consumer loans, collateralized loan obligations, nonmortgage and mortgage-related derivatives and other strategic debt and equity investments.&nbsp;
Ellington Financial takes on certain risks that other mREITs won't, but only if it feels the return adequately compensates for that risk. For example, loans are often made to underserved niche market segments that cannot procure loans elsewhere. Ellington Financial uses a risk-management infrastructure system to assess the risks involved in any deals it makes and charges higher interest rates to compensate for potential losses.&nbsp;
One risk Ellington Financial took this year was to actively pursue the acquisition of other mREITs. In May, Ellington announced it was merging with Arlington Asset Investment Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAIC#NYSE">AAIC</a>), and on July 3, it announced it also is acquiring Great Ajax Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJX#NYSE">AJX</a>). The Arlington acquisition is pending a vote by shareholders on Dec. 12, but in October the Great Ajax acquisition was terminated by the mutual agreement of both company boards. The termination of the Ajax deal helped Ellington Financial's share price rebound by 21% since touching a low on Oct. 25.
The recent price rise is interesting, considering that on Nov. 7, Ellington's third-quarter operating results were disappointing. Earnings per share of $0.33 were 21.43% below the estimates of $0.42 per share and even further below its third-quarter 2022 EPS of $0.44 per share. Revenue of $27.51 million was 46.59% below estimates of $51.51 million and third-quarter 2022 revenue of $36.51 million. Wall Street is more concerned with the Federal Reserve's moves right now than with the earnings reports of mREITs.
Weekly REIT Report: REITs are one of the most misunderstood investment options, making it difficult for investors to spot incredible opportunities until it's too late. Benzinga's in-house real estate research team has been working hard to identify the greatest opportunities in today's market, which you can gain access to for free by signing up for the <a href="https://www.benzinga.com/money/reit-newsletter">Weekly REIT Report.</a>
<h2 class="wp-block-heading">Read Next:</h2>
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<li>The 60/40 strategy isn't going to cut it any longer, which is why major firms like Blackrock are adding <a href="https://www.benzinga.com/money/60-40-demise">these assets to their portfolios to boost returns.</a></li>
</ul>

REIT

Real Estate

AAIC

STWD

Analyst Initiates Coverage On 8 Mortgage REITs

Monday marks the last chance for investors to receive the next dividend payout from Great Ajax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJX#NYSE">AJX</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 11 cents per share. On Tuesday, Great Ajax will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 11 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own AJX as of the end of Monday's session are eligible to receive the 11 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on November 30, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/AJX">Track real-time stock fluctuations for Great Ajax on Benzinga.</a>

Great Ajax: Dividend Insights

Great Ajax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJX#NYSE">AJX</a>) reported quarterly losses of $(0.09) per share which missed the analyst consensus estimate of $0.03 by 400 percent. This is a 164.29 percent decrease over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $1.05 million which missed the analyst consensus estimate of $7.70 million by 86.32 percent. This is a 89.99 percent decrease over sales of $10.52 million the same period last year.

Great Ajax Q3 2023 Adj EPS $(0.09) Misses $0.03 Estimate, Sales $1.05M Miss $7.70M Estimate

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30.</a>
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>AMTD IDEA Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amtd#NYSE">AMTD</a>)</h3>
<ul>
<li>AMTD IDEA extended its share repurchase program until the end of the last business day of the first quarter in 2024. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/AMTD">52-week low of $0.7050 </a>.</li>
<li>RSI Value: 22.18</li>
<li>AMTD Price Action: Shares of AMTD IDEA fell 2.3% to close at $0.7609 on Wednesday.</li>
</ul>
<h3>Great Ajax Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ajx#NYSE">AJX</a>)</h3>
<ul>
<li>Great Ajax is expected to release its financial results for the third quarter after the closing bell on Nov. 2, 2023. It <a href="https://www.benzinga.com/quote/AJX"> has a 52-week low </a> of $4.08.</li>
<li>RSI Value: 22.24</li>
<li>AJX Price Action: Shares of Great Ajax fell 2.1% to close at $4.23 on Wednesday.</li>
</ul>
<h3>Beneficient (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/benf#NASDAQ">BENF</a>)</h3>
<ul>
<li>Beneficient closed on a $25 million term loan financing. The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/BENF"> low of $0.58.</a></li>
<li>RSI Value: 19.67</li>
<li>BENF Price Action: Shares of Beneficient fell 1.5% to close at $0.60 on Wednesday.</li>
</ul>
<h3>BOK Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bokf#NASDAQ">BOKF</a>)</h3>
<ul>
<li>BOK Financial posted downbeat earnings for the third quarter. Stacy Kymes, president and chief executive officer, stated, &quot;We recognized another solid quarter of earnings driven by our diverse business model, which prudently balances interest revenue with non-interest revenues and allows us to perform well in a multitude of business climates.&quot; The company&rsquo;s 52-week low is $62.42.</li>
<li>RSI Value: 27.84</li>
<li>BOKF Price Action: Shares of BOK Financial rose 0.5% to close at $65.84 on Wednesday.</li>
</ul>
<h3>Siebert Financial Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sieb#NASDAQ">SIEB</a>)</h3>
<ul>
<li>Siebert Finl reported an increase in sales for the second quarter. John J. Gebbia, CEO of Siebert said, &ldquo;Our second quarter results demonstrate the diversity of our business model and how we&rsquo;re able to successfully navigate market conditions to execute on our growth strategy.&rdquo; The company <a href="https://www.benzinga.com/quote/SIEB"> has a 52-week low </a> of $1.20.</li>
<li>RSI Value: 27.19</li>
<li>SIEB Price Action: Shares of Siebert Financial rose 0.3% to close at $1.5150 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/11/35555667/fear-continues-to-grip-markets-after-feds-rate-decision"> Fear Continues To Grip Markets After Fed&#39;s Rate Decision </a>

AMTD

BENF

BOKF

SIEB

Top 5 Financial Stocks That Could Lead To Your Biggest Gains In Q4

Great Ajax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJX#NYSE">AJX</a>) is set to give its latest quarterly earnings report on Thursday, 2023-11-02. Here's what investors need to know before the announcement.
Analysts estimate that Great Ajax will report an earnings per share (EPS) of $0.03. 
Great Ajax bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.10, which was followed by a 1.49% increase in the share price the next day.
Here's a look at Great Ajax's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.01</td>
<td>-0.04</td>
<td>0.13</td>
<td>0.11</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.11</td>
<td>-0.09</td>
<td>-0.05</td>
<td>0.14</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.49%</td>
<td>-5.9%</td>
<td>-7.57%</td>
<td>-0.98%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1698861657_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Great Ajax were trading at $4.32 as of October 31. Over the last 52-week period, shares are down 47.48%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/AJX/earnings">To track all earnings releases for Great Ajax visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Great Ajax

Great Ajax Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ajx#NYSE">AJX</a>) shares are trading lower after the company and Ellington Financial announced the mutual termination of <a href="https://www.benzinga.com/news/23/10/35380255/why-engagesmart-shares-are-trading-higher-by-around-12-here-are-other-stocks-moving-in-mondays-mid-d">their merger agreement</a>.
What To Know: The mutual termination was announced after the close of the market last Friday and was made effective immediately. Additionally, Ellington Financial agreed to pay Great Ajax $16 million of which $5 million is payable in cash. $11 million was paid as consideration for approximately 1.666 million shares of Great Ajax common stock, purchased at a per share price of $6.60, bringing Ellington Financial&#39;s stake in the Great Ajax Corp. to 6.1% of the company&#39;s stock.
Also, as of June 30, an affiliate of the external manager of Ellington Financial owned 273,983 shares of Great Ajax common stock. Ellington Financial remains a securitization joint venture partner and the two companies plan to continue to collaborate on mortgage loan opportunities.
Shares of Great Ajax Corp. dropped on unusually high trading volume on Monday in response to the news. According to data from Benzinga Pro, the stock experienced above-average trading volume of 1.23 million shares compared to its&nbsp;average volume of 144,334.
Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35378829/exclusive-bitcoins-path-to-global-reserve-status-xapo-bank-ceo-seamus-rocca-shares-insight">EXCLUSIVE: Bitcoin&#39;s Path To Global Reserve Status - Xapo Bank CEO Seamus Rocca Shares Insights</a>
AJX Price Action: Shares of AJX were down 31.0% at $4.40 at the time of publication, according to <a href="http://pro.benzinga">Benzinga Pro</a>.
Image by <a href="https://pixabay.com/users/geralt-9301/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=3701777">Gerd Altmann</a> from <a href="https://pixabay.com//?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=3701777">Pixabay</a>

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Press Releases

Great Ajax Corp. Announces Record Date for Stockholders Meeting to Approve Strategic Transaction With Rithm Capital Corp.

Great Ajax Corp. Announces Final Conversion Rate for Its Convertible Notes

Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2024

Rithm Capital Corp. and Great Ajax Corp. Complete Transaction

Great Ajax Corp. Schedules Its Second Quarter 2024 Earnings Release and Conference Call

Great Ajax Corp. Announces Results for the Quarter Ended June 30, 2024

Rithm Capital Corp. Announces Second Quarter 2024 Results

Great Ajax Corp. Schedules Its Third Quarter 2024 Earnings Release and Conference Call

Great Ajax Corp. Announces Results for the Quarter Ended September 30, 2024 and Announces Intent to Rebrand to Rithm Property Trust Inc.

Great Ajax Establishes Effective Date of Previously Announced Rebrand to Rithm Property Trust

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