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home / news releases / NLY - Great Ajax: Reversion To Historical P/B Yields 33.7% Capital Appreciation

NLY - Great Ajax: Reversion To Historical P/B Yields 33.7% Capital Appreciation

Annaly Capital Management Inc
  • Great Ajax Corp. (AJX) is a small-cap mREIT that manages a portfolio of mortgage loans secured by single-family properties.
  • AJX is undervalued with potential for 33.7% capital appreciation upon reversion to historical price to book ratio of 0.9x.
  • 16% increase in single-family home valuations in 2020 means that AJX has a lower portfolio loan-to-value ratio.
  • 2021 represents an opportunity for AJX to meaningfully increase book value through foreclosures.

For further details see:

Great Ajax: Reversion To Historical P/B Yields 33.7% Capital Appreciation
Stock Information
Company Name: Annaly Capital Management Inc
Stock Symbol: NLY
Market: NYSE
Website: annaly.com
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