7 Basic Materials Stocks to Buy to Anchor Your Portfolio
The movement of basic materials stocks requires investors to keep a keen eye on the state of the economy to determine profitability. Raw materials such as plastic, steel, and lumber will always be in demand. Here are 7 stocks to take advantage of the growing demand!
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Shares Stats
| Shares Outstanding | 22,978,300 |
| Shares Float | 21,422,935 |
| Shares Short | 274,326 |
| Insider Holdings | 894% |
| Institution Holdings | 77.36% |
About Great Ajax Corp
Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. In addition, it acquires and originates small balance commercial loans (SBC) secured by multi-family residential and commercial mixed-use retail/residential properties; and invests in single-family and smaller commercial properties through a foreclosure event of a loan or a direct acquisition. The company elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. Great Ajax Corp. was incorporated in 2014 and is based in Tigard, Oregon.
General
| Name | Great Ajax Corp |
| Ticker | AJX |
| Exchange | NYSE |
| Sector | Real Estate |
| Industry | REIT-Mortgage |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
Highlights
| Analyst Target | 13.13 |
| Market Cap | 288,607,456 |
| PE Ratio | -1.14 |
Financials
| Curr Year EPS Estimate | 1.10 |
| Next Quarter EPS Estimate | 0.25 |
| Profit Margin | 0.46 |
| Return on Assets | 0.02 |
| Return on Equity | 0.07 |
| Revenue | 61,900,000 |
| Earnings Per Share | 1.00 |
| Revenue Per Share | 2.73 |
| Gross Profit | 52,740,000 |
| Quarterly Revenue Growth | 0.67 |
Valuation
| Trailing PE | 12.57 |
| Forward PE | 8.73 |
| Price/Sales (Trailing 12 Mt.) | 7.93 |
| Price/Book (Most Recent Quarter) | 0.78 |
Dividend
Great Ajax Corp pays out a dividend of $0.51 per share, with a dividend yield of 16.32%.
AJX's last dividend payment was made to shareholders on March 31, 2021.
They pay out 73.12% of their earnings out as a dividend.
Recent Dividends
| Mar 29, 2024 | $0.10 |
| Nov 30, 2023 | $0.11 |
| Aug 31, 2023 | $0.20 |
| May 31, 2023 | $0.20 |
| Mar 31, 2023 | $0.25 |
| Nov 29, 2022 | $0.27 |
| Aug 31, 2022 | $0.27 |
| May 31, 2022 | $0.26 |
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