AJX - Great Ajax Corp Stock Price, Fair Value and News

3.59USD-0.07 (-1.91%)Delayed

Market Summary

USD3.59-0.07

Delayed

-1.91%

AJX Stock Price

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AJX RSI Chart

AJX Valuation

Market Cap

132.8M

Price/Earnings (Trailing)

-1.17

Price/Sales (Trailing)

1.91

EV/EBITDA

-1.34

Price/Free Cashflow

-3.5

AJX Price/Sales (Trailing)

AJX Profitability

EBT Margin

-161.63%

Return on Equity

-44.36%

Return on Assets

-9.13%

Free Cashflow Yield

-28.53%

AJX Fundamentals

AJX Revenue

Revenue (TTM)

69.6M

Rev. Growth (Yr)

-14.73%

Rev. Growth (Qtr)

-10.87%

AJX Earnings

Earnings (TTM)

-113.7M

Earnings Growth (Yr)

-904.59%

Earnings Growth (Qtr)

-226.24%

Breaking Down AJX Revenue

Last 30 days

3.5%

Last 90 days

-24.3%

Trailing 12 Months

-34.8%

How does AJX drawdown profile look like?

AJX Financial Health

Debt/Equity

0.4

Debt/Cashflow

-0.37

AJX Investor Care

Dividend Yield

16.99%

Dividend/Share (TTM)

0.61

Shares Dilution (1Y)

57.34%

Diluted EPS (TTM)

-4.03

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	69.6M	0	0	0
2023	77.8M	75.3M	73.1M	72.3M
2022	92.6M	90.4M	87.4M	82.6M
2021	95.5M	95.4M	94.9M	93.4M
2020	109.9M	104.9M	100.7M	98.3M
2019	109.2M	110.3M	111.4M	112.4M
2018	0	0	0	108.2M
2017	0	0	0	91.4M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Great Ajax Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 13, 2024	friedman paul m	acquired	29,999	4.87	6,160	-
May 08, 2023	friedman paul m	acquired	17,498	6.72	2,604	-
May 08, 2023	ogren john kirk jr	acquired	17,498	6.72	2,604	-
May 08, 2023	handley jonathan bradford jr	acquired	17,498	6.72	2,604	-
May 08, 2023	haggerty mary	acquired	17,498	6.72	2,604	-
May 08, 2023	condas john c	acquired	17,498	6.72	2,604	-
Mar 09, 2023	haggerty mary	acquired	53,249	7.48304	7,116	-
Mar 09, 2023	handley jonathan bradford jr	acquired	53,249	7.48304	7,116	-
Mar 09, 2023	condas john c	acquired	53,249	7.48304	7,116	-
Mar 09, 2023	ogren john kirk jr	acquired	53,249	7.48304	7,116	-

Which funds bought or sold AJX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	B. Riley Wealth Advisors, Inc.	reduced	-5.79	-37,399	460,009	0.01%
May 16, 2024	COMERICA BANK	unchanged	-	-1,425	3,610	-%
May 16, 2024	JANE STREET GROUP, LLC	added	0.1	-161,808	411,308	-%
May 15, 2024	TWO SIGMA ADVISERS, LP	reduced	-24.78	-293,640	343,775	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	sold off	-100	-60,129	-	-%
May 15, 2024	Royal Bank of Canada	reduced	-73.95	-48,000	11,000	-%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	reduced	-70.31	-513,808	138,951	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	added	411	299,046	411,274	-%
May 15, 2024	ALGERT GLOBAL LLC	sold off	-100	-82,000	-	-%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	reduced	-4.14	-8,452	18,578	-%

Are Funds Buying or Selling AJX?

Are funds buying AJX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own AJX

No. of Funds

Unveiling Great Ajax Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
May 10, 2024	fmr llc	-	0	SC 13G/A
Mar 11, 2024	magnetar financial llc	21.0%	7,750,969	SC 13G/A
Feb 14, 2024	almitas capital llc	9.98%	2,740,488	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Feb 09, 2024	beach point capital management lp	8.3%	2,273,799	SC 13G
Feb 09, 2024	beach point capital management lp	11.0%	3,015,355	SC 13G/A
Feb 08, 2024	bay pond partners, l.p.	8.87%	2,448,555	SC 13G/A
Feb 08, 2024	wellington management group llp	13.34%	3,695,499	SC 13G/A
Feb 08, 2024	ithan creek master investors (cayman), l.p.	2.58%	710,641	SC 13G/A
Jan 17, 2024	ellington management group llc	6.07%	0	SC 13G/A

Recent SEC filings of Great Ajax Corp

View All Filings

Date Filed	Form Type	Document
May 10, 2024	SC 13G/A	Major Ownership Report
May 03, 2024	10-Q	Quarterly Report
May 03, 2024	8-K	Current Report
Apr 30, 2024	25-NSE	25-NSE
Apr 22, 2024	8-K	Current Report
Apr 22, 2024	8-K	Current Report
Apr 10, 2024	8-K	Current Report
Apr 10, 2024	ARS	ARS
Apr 10, 2024	DEF 14A	DEF 14A
Apr 10, 2024	DEFA14A	DEFA14A

Peers (Alternatives to Great Ajax Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	-	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

Great Ajax Corp News

Latest updates

Great Ajax Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-10.9%	15,738	17,657	17,879	18,340	18,456	18,449	20,021	20,900	23,212	23,246	23,054	23,048	24,035	24,760	23,517	23,171	26,888	27,113	27,723	28,128	29,452
Costs and Expenses	276.6%	23,696	6,292	6,654	8,867	7,858	7,426	8,842	9,759	9,366	9,661	8,205	8,396	8,179	7,927	7,613	7,389	6,452	6,362	7,066	6,857	6,992
Operating Expenses	-	-	-	-	-	-	-	-16.00	-33.00	185	131	-76.00	88.00	185	209	173	188	912	796	1,216	887	786
EBITDA Margin	-212.9%	-1.46*	-0.47*	-0.22*	-0.16*	0.04*	0.33*	0.60*	0.84*	1.02*	1.06*	1.09*	1.04*	-	-	-	-	-	-	-	-	-
Interest Expenses	-48.6%	1,632	3,173	3,041	3,301	3,531	3,967	8,652	11,725	14,606	14,247	14,445	14,218	13,731	13,923	11,790	10,113	13,818	13,229	13,406	12,689	13,767
Income Taxes	3419.2%	915	26.00	-100	181	93.00	212	2,370	300	-26.00	100	100	67.00	34.00	167	-16.00	120	-300	6.00	27.00	38.00	71.00
Earnings Before Taxes	-224.1%	-73,077	-22,545	-5,617	-11,281	-7,271	-6,051	-7,133	-4,522	5,605	9,309	10,795	11,286	10,678	14,492	8,876	8,938	1,177	7,107	8,250	13,664	8,192
EBT Margin	-150.3%	-1.62*	-0.65*	-0.41*	-0.42*	-0.32*	-0.15*	0.04*	0.23*	0.40*	0.45*	0.50*	0.48*	-	-	-	-	-	-	-	-	-
Net Income	-226.2%	-73,978	-22,676	-5,542	-11,462	-7,364	-6,344	-9,461	-4,781	5,631	9,047	11,262	11,170	10,642	11,868	7,230	8,818	1,496	6,657	7,691	13,626	8,121
Net Income Margin	-151.0%	-1.63*	-0.65*	-0.42*	-0.46*	-0.36*	-0.18*	0.00*	0.23*	0.40*	0.45*	0.47*	0.43*	-	-	-	-	-	-	-	-	-
Free Cashflow	35.8%	-8,226	-12,810	-10,018	-6,831	-16,805	-2,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																			(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Assets	-6.9%	1,244	1,336	1,375	1,406	1,440	1,484	1,527	1,585	1,686	1,760	1,648	1,676	1,687	1,654	1,667	1,640	1,538	1,577	1,603
Cash Equivalents	89.4%	100	53.00	64.00	40.00	49.00	48.00	73.00	52.00	71.00	84.00	95.00	88.00	138	107	135	163	31.00	64.00	55.00
Liabilities	-3.6%	988	1,025	1,052	1,089	1,107	1,147	1,175	1,149	1,198	1,259	1,145	1,179	1,177	1,139	1,161	1,141	1,181	1,193	1,269
Long Term Debt	0%	104	104	104	104	104	104	104	104	104	103	104	103	108	110	110	112	111	119	118
Shareholder's Equity	-17.1%	256	309	320	317	333	335	351	436	487	500	503	497	510	514	506	499	357	384	334
Retained Earnings	-143.5%	-132	-54.38	-28.16	-17.28	-0.54	13.00	26.00	49.00	64.00	66.00	67.00	63.00	57.00	53.00	46.00	45.00	43.00	49.00	41.00
Additional Paid-In Capital	16.1%	409	352	341	326	325	322	317	317	316	316	316	315	315	317	317	317	317	309	260
Shares Outstanding	34.7%	37.00	27.00	26.00	24.00	24.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	-	-	-	-	-	-	-
Minority Interest	-1.2%	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	3.00	3.00	4.00	22.00	29.00	27.00	26.00	25.00	24.00	33.00
Float	-	-	-	-	140	-	-	-	206	-	-	-	281	-	-	-	197	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	35.8%	-8,226	-12,810	-10,018	-6,831	-16,805	-2,900	1,555	13,546	-11,066	-3,212	7,900	-13,550	-9,374	-8,002	4,177	20,177	-30,409	-4,019	-1,028	-4,907	-5,044
Cashflow From Investing	277.4%	92,693	24,562	60,000	24,752	63,506	12,415	80,832	60,819	69,024	-105,050	43,926	-11,938	22,863	10,018	-42,836	45,968	11,015	-7,783	-4,578	118,121	-5,593
Cashflow From Financing	-63.2%	-37,247	-22,828	-26,388	-27,002	-45,149	-34,566	-61,063	-93,515	-71,662	97,311	-44,581	-23,957	16,941	-30,228	10,426	66,269	-13,771	18,239	7,782	-99,029	-2,968
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	6,806	6,326	5,799	5,878	5,873	5,748	-	6,860	6,343	6,098	7,021
Buy Backs	-	-	-	-	-	-	-	64,180	24,604	-	16.00	-	-	-	-	-	-	-	-	-	-	-

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AJX Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
INCOME
Interest income	$ 15,738	$ 18,456
Interest expense	(14,106)	(14,925)
Net interest income	1,632	3,531
Net (increase)/decrease in the net present value of expected credit losses	(4,230)	621
Net interest (loss)/income after the impact of changes in the net present value of expected credit losses	(2,598)	4,152
Income/(loss) from investments in affiliates	521	(98)
Loss on joint venture refinancing on beneficial interests	0	(995)
Mark to market loss on mortgage loans held-for-sale, net	(47,307)	0
Other income/(loss)	3	(2,519)
Total (loss)/revenue, net	(49,381)	540
EXPENSE
Related party expense – loan servicing fees	1,734	1,860
Related party expense – management fee	17,459	1,828
Professional fees	705	934
Fair value adjustment on put option liability and warrants	1,353	1,622
Other expense	2,445	1,614
Total expense	23,696	7,858
Gain on debt extinguishment	0	(47)
Loss before provision for income taxes	(73,077)	(7,271)
Provision for income taxes	915	93
Consolidated net loss	(73,992)	(7,364)
Less: consolidated net (loss)/income attributable to the non-controlling interest	(14)	30
Consolidated net loss attributable to the Company	(73,978)	(7,394)
Less: dividends on preferred stock	341	547
Consolidated net loss attributable to common stockholders	$ (74,319)	$ (7,941)
Basic loss per common share (in dollars per share)	$ (2.41)	$ (0.34)
Diluted loss per common share (in dollars per share)	$ (2.41)	$ (0.34)
Weighted average shares - basic (in shares)	30,700,278	22,920,943
Weighted average shares - diluted (in shares)	30,893,391	22,920,943

AJX Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

ASSETS

Cash and cash equivalents

$ 100,054

$ 52,834

Mortgage loans held-for-sale, net

^[1]

368,288

55,718

Mortgage loans held-for-investment, net

^[1],[2]

438,698

864,551

Real estate owned properties, net

^[3]

5,191

3,785

Investments in securities available-for-sale

^[4]

125,126

131,558

Investments in securities held-to-maturity

^[5]

54,085

59,691

Investments in beneficial interests

^[6]

88,577

104,162

Receivable from servicer

4,240

7,307

Investments in affiliates

28,300

28,000

Prepaid expenses and other assets

31,896

28,685

Total assets

1,244,455

1,336,291

Liabilities:

Secured borrowings, net

^[1],[7]

399,699

411,212

Borrowings under repurchase transactions

354,039

375,745

Convertible senior notes, net

^[7]

103,516

Notes payable, net

^[7]

107,059

106,844

Management fee payable

1,951

1,998

Warrant liability

2,054

16,644

Accrued expenses and other liabilities

19,901

9,437

Total liabilities

988,219

1,025,396

Commitments and contingencies – see Note 8

Equity:

Common stock $0.01 par value; 125,000,000 shares authorized, 36,992,019 shares issued and outstanding at March 31, 2024 and 27,460,161 shares issued and outstanding at December 31, 2023

380

285

Additional paid-in capital

408,732

352,060

Treasury stock

(9,557)

Retained deficit

(132,400)

(54,382)

Accumulated other comprehensive loss

(12,858)

(14,027)

Equity attributable to stockholders

254,297

308,933

Non-controlling interests

^[8]

1,939

1,962

Total equity

256,236

310,895

Total liabilities and equity

1,244,455

1,336,291

7.25% Series A preferred stock

Equity:

Preferred stock $0.01 par value, 25,000,000 shares authorized

^[9]

9,411

5.00% Series B preferred stock

Equity:

Preferred stock $0.01 par value, 25,000,000 shares authorized

^[9]

$ 0

$ 25,143

[1]	Mortgage loans held-for-sale, net and mortgage loans held-for-investment, net include $623.2 million and $628.6 million of loans at March 31, 2024 and December 31, 2023, respectively, transferred to securitization trusts that are variable interest entities (“VIEs”); these loans can only be used to settle obligations of the VIEs. Secured borrowings consist of notes issued by VIEs that can only be settled with the assets and cash flows of the VIEs. The creditors do not have recourse to the primary beneficiary (Great Ajax Corp.). See Note 9 — Debt. Mortgage loans held-for-investment, net include $0.4 million and $3.4 million of allowance for expected credit losses at March 31, 2024 and December 31, 2023, respectively.
[2]	As of March 31, 2024 and December 31, 2023, balances for Mortgage loans held-for-investment, net include $0.2 million and $0.6 million, respectively, from a 50.0% owned joint venture, which the Company consolidates under U.S. Generally Accepted Accounting Principles ("U.S. GAAP" or "GAAP").
[3]	Real estate owned properties, net, are presented net of valuation allowances of $1.6 million and $1.2 million at March 31, 2024 and December 31, 2023, respectively.
[4]	Investments in securities available-for-sale (“AFS”) are presented at fair value. As of March 31, 2024, Investments in securities AFS include an amortized cost basis of $132.8 million and a net unrealized loss of $7.7 million. As of December 31, 2023, Investments in securities AFS include an amortized cost basis of $139.6 million and net unrealized loss of $8.0 million.
[5]	On January 1, 2023, the Company transferred certain of its investments in securities to held-to-maturity ("HTM") due to European risk retention regulations. As of March 31, 2024, Investments in securities HTM includes an allowance for expected credit losses of zero and remaining discount of $5.2 million related to the unamortized unrealized loss in Accumulated other comprehensive income ("AOCI"). As of December 31, 2023, Investments in securities HTM includes an allowance for expected credit losses of zero and remaining discount of $6.0 million related to the unamortized unrealized loss in AOCI.
[6]	Investments in beneficial interests includes allowance for expected credit losses of $9.1 million and $6.9 million at March 31, 2024 and December 31, 2023, respectively.
[7]	Secured borrowings, net are presented net of deferred issuance costs of $2.8 million at March 31, 2024 and $3.1 million at December 31, 2023. Convertible senior notes are presented net of deferred issuance costs of zero at both March 31, 2024 and December 31, 2023. Notes payable, net are presented net of deferred issuance costs and discount of $2.9 million at March 31, 2024 and $3.2 million at December 31, 2023.
[8]	As of March 31, 2024, non-controlling interests includes $0.8 million from a 50.0% owned joint venture, $1.0 million from a 53.1% owned subsidiary and $0.1 million from a 99.9% owned subsidiary which the Company consolidates. As of December 31, 2023, non-controlling interests includes $0.8 million from a 50.0% owned joint venture, $1.0 million from a 53.1% owned subsidiary and $0.1 million from a 99.9% owned subsidiary which the Company consolidates.
[9]	The preferred shares issued but not outstanding are the preferred shares that were not redeemed with common stock and are pending approval by a vote of the Company's shareholders. The obligation to redeem these shares is currently recorded as $12.6 million in Accrued expenses and other liabilities on the Company's consolidated balance sheets at March 31, 2024.

About Great Ajax Corp

Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties. 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.

CEO	Mr. Lawrence A. Mendelsohn
WEBSITE	greatajax.com
INDUSTRY	REIT Mortgage

Great Ajax Corp Frequently Asked Questions

What is the ticker symbol for Great Ajax Corp? What does AJX stand for in stocks?

AJX is the stock ticker symbol of Great Ajax Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Great Ajax Corp (AJX)?

As of Fri May 17 2024, market cap of Great Ajax Corp is 132.77 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AJX stock?

You can check AJX's fair value in chart for subscribers.

What is the fair value of AJX stock?

You can check AJX's fair value in chart for subscribers. The fair value of Great Ajax Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Great Ajax Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AJX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Great Ajax Corp a good stock to buy?

The fair value guage provides a quick view whether AJX is over valued or under valued. Whether Great Ajax Corp is cheap or expensive depends on the assumptions which impact Great Ajax Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AJX.

What is Great Ajax Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, AJX's PE ratio (Price to Earnings) is -1.17 and Price to Sales (PS) ratio is 1.91. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AJX PE ratio will change depending on the future growth rate expectations of investors.