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Rithm Property Trust Inc T.AJX


Primary Symbol: RPT

Rithm Property Trust Inc., formerly Great Ajax Corp., is a real estate investment trust (REIT) externally managed by an affiliate of Rithm Capital Corp. The Company is focused on a flexible commercial real estate focused investment strategy. It is investing in and managing real estate and financial services assets.


NYSE:RPT - Post by User

Post by jacjunon Nov 25, 2020 9:58pm
872 Views
Post# 31976047

Stock Selloff

Stock SelloffBenj purchased AJX in 2011 at .66 
Had target price of 2.49 - lowered to 1.34 this year
Selling because of ugly qtrly results posted 2 wks ago , revenue drop due to loss of major contract and will not be renewed , cash drop from 17 mill to under 10mill . 
Earnings drive share price and this company has none.
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