Adamas Trust, Inc. (NASDAQ:ADAM) Given Average Rating of “Moderate Buy” by Analysts

Shares of Adamas Trust, Inc. (NASDAQ:ADAM) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $9.50.

Several equities analysts have commented on the stock. Zacks Research upgraded shares of Adamas Trust from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. B. Riley Financial downgraded shares of Adamas Trust from a “buy” rating to a “neutral” rating and set a $9.50 target price on the stock. in a report on Thursday, April 30th. JonesTrading upped their target price on shares of Adamas Trust from $9.50 to $10.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. UBS Group increased their price target on shares of Adamas Trust from $8.50 to $9.50 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Adamas Trust in a research report on Tuesday, July 21st.

Adamas Trust Stock Down 0.2%

NASDAQ ADAM opened at $9.84 on Wednesday. The company has a debt-to-equity ratio of 11.89, a quick ratio of 18.54 and a current ratio of 18.54. The company has a market capitalization of $884.42 million, a P/E ratio of 5.86 and a beta of 1.17. Adamas Trust has a one year low of $6.45 and a one year high of $10.36. The stock has a 50 day moving average price of $9.34 and a 200-day moving average price of $8.62.

Adamas Trust (NASDAQ:ADAM) last posted its earnings results on Wednesday, July 29th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. Adamas Trust had a net margin of 29.82% and a return on equity of 14.72%. The firm had revenue of $47.92 million during the quarter, compared to analyst estimates of $47.50 million. As a group, equities analysts predict that Adamas Trust will post 1.2 EPS for the current fiscal year.

Adamas Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Tuesday, September 22nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 12.2%. The ex-dividend date is Tuesday, September 22nd. This is a boost from Adamas Trust’s previous quarterly dividend of $0.27. Adamas Trust’s payout ratio is currently 64.29%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ADAM. CWM LLC bought a new position in Adamas Trust during the fourth quarter valued at $73,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Adamas Trust in the 4th quarter worth about $127,000. Arizona State Retirement System bought a new stake in shares of Adamas Trust in the 4th quarter worth about $174,000. UBS Group AG purchased a new position in shares of Adamas Trust during the 4th quarter worth about $2,338,000. Finally, Pictet Asset Management Holding SA purchased a new position in shares of Adamas Trust during the 4th quarter worth about $76,000. 54.89% of the stock is owned by hedge funds and other institutional investors.

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.