Adamas Trust, Inc. (NASDAQ:ADAM) Plans Quarterly Dividend of $0.30

Adamas Trust, Inc. (NASDAQ:ADAM) announced a quarterly dividend on Tuesday, August 11th. Shareholders of record on Tuesday, September 22nd will be given a dividend of 0.30 per share on Wednesday, October 28th. This represents a c) annualized dividend and a yield of 11.7%. The ex-dividend date is Tuesday, September 22nd. This is a 11.1% increase from Adamas Trust’s previous quarterly dividend of $0.27.

Adamas Trust Trading Up 4.5%

Shares of ADAM stock traded up $0.44 on Tuesday, reaching $10.23. 1,440,232 shares of the stock were exchanged, compared to its average volume of 778,271. The stock has a 50 day moving average price of $9.13 and a 200 day moving average price of $8.48. Adamas Trust has a one year low of $6.45 and a one year high of $10.36. The stock has a market cap of $919.47 million, a PE ratio of 6.09 and a beta of 1.17. The company has a debt-to-equity ratio of 11.89, a current ratio of 18.54 and a quick ratio of 18.54.

Adamas Trust (NASDAQ:ADAM) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. The company had revenue of $47.92 million for the quarter, compared to the consensus estimate of $47.50 million. Adamas Trust had a return on equity of 14.72% and a net margin of 29.82%. Equities research analysts forecast that Adamas Trust will post 1.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ADAM has been the subject of a number of recent research reports. B. Riley Financial lowered shares of Adamas Trust from a “buy” rating to a “neutral” rating and set a $9.50 price target for the company. in a research report on Thursday, April 30th. Wall Street Zen downgraded Adamas Trust from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reissued a “hold (c)” rating on shares of Adamas Trust in a research note on Tuesday, July 21st. JonesTrading upped their price objective on shares of Adamas Trust from $9.50 to $10.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Zacks Research raised shares of Adamas Trust from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Adamas Trust Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.