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Great Ajax Corp T.AJX


Primary Symbol: AJX

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 operates in a single segment focused on re-performing mortgages, and to a lesser extent non-performing mortgages and real property. The Company primarily targets acquisitions of re-performing loans (RPLs), which are residential mortgage loans and non-performing loans (NPLs), which are residential mortgages. It invests in single-family and smaller commercial properties directly either through a foreclosure event of a loan in its mortgage portfolio, or, less frequently, through a direct acquisition. It may acquire RPLs and NPLs either directly or in joint ventures with institutional accredited investors. It may also acquire or originate small balance commercial loans. Its manager is Thetis Asset Management LLC. It conducts its business through its operating partnership, Great Ajax Operating Partnership L.P.


NYSE:AJX - Post by User

Comment by Newinvestor123on May 11, 2021 2:25pm
153 Views
Post# 33174966

RE:RE:Ripe for a takeover

RE:RE:Ripe for a takeoverSo I listened to this mornings conference call. Brett noted the 2nd half of this year is looking more promising in general. The 90 stay with Ag Leader which went into effect on March 21st will soon expire. It will be very interesting to see how it transpires. Despite positive macro conditions this is still a wait and see story. I have read one year target prices on the stock range between $.65 to $.77 per share. Still nice upside potential from current levels.
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