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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

Comment by lamtonon Nov 26, 2020 3:27pm
157 Views
Post# 31982824

RE:My Best Guess

RE:My Best GuessI do agree AJX has always been tight mouthed on it's operations. With this sell off...well, may not be a sell off yet if it was only triggered by one firm wanted to get out, most company would've addressed this situation with a news release stating no material changes or anything like that but I doubt you will hear it from AJX. However the support level looks like around the mid 40 cents... thanks to National Bank. If it holds there I'm willing to hold on for another quarter or 2 to see if the business side of things will pick up or not, besides I still think with all the patents we secured over the years, it's still a good bait for a take-over although one should not invest for that reason alone. I think the new lawsuit should shed some light in the very near future...my 2 cents only.
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