Adamas Trust, Inc. (ADAM) - What Are Researchers Saying About This Stock?

Key Points

• Analyst sentiment is cautious: Six firms give Adamas Trust an average “Reduce” rating—two sells, three holds and one buy—with an average 12-month price target of $9.25.
• The stock opened at $5.69, near its 12-month low of $5.67, and below its 50- and 200-day moving averages.
• Adamas Trust matched quarterly EPS expectations at $0.30 and raised its quarterly dividend from $0.27 to $0.30 per share. The stated annualized yield is 21.1%, though the company’s dividend payout ratio is negative.

Adamas Trust, Inc. (NASDAQ:ADAM - Get Free Report) has earned an average recommendation of "Reduce" from the six research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $9.25.

A number of brokerages have commented on ADAM. Weiss Ratings downgraded shares of Adamas Trust from a "hold (c)" rating to a "sell (d)" rating in a research note on Tuesday, November 3rd. UBS Group lifted their price target on shares of Adamas Trust from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Wednesday, August 19th. Keefe, Bruyette & Woods lowered their price target on Adamas Trust from $9.25 to $8.50 and set a "market perform" rating for the company in a report on Friday, October 30th. Wall Street Zen lowered Adamas Trust from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Zacks Research cut Adamas Trust from a "hold" rating to a "strong sell" rating in a research note on Friday, October 30th.

Institutional Investors Weigh In On Adamas Trust

Several hedge funds have recently made changes to their positions in ADAM. Public Employees Retirement System of Ohio bought a new position in shares of Adamas Trust in the 2nd quarter worth $34,000. Nykredit A S purchased a new stake in shares of Adamas Trust during the 2nd quarter worth $36,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Adamas Trust during the 2nd quarter worth $48,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Adamas Trust during the 1st quarter worth $60,000. Finally, GAMMA Investing LLC boosted its position in Adamas Trust by 26.1% during the third quarter. GAMMA Investing LLC now owns 9,974 shares of the company's stock valued at $78,000 after purchasing an additional 2,065 shares in the last quarter. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

Adamas Trust Stock Performance

NASDAQ ADAM opened at $5.69 on Monday. The company's 50-day moving average price is $8.07 and its 200-day moving average price is $8.48. The company has a current ratio of 19.06, a quick ratio of 19.06 and a debt-to-equity ratio of 16.02. The stock has a market cap of $513.84 million, a PE ratio of -9.98 and a beta of 1.26. Adamas Trust has a 12 month low of $5.67 and a 12 month high of $10.36.

Adamas Trust (NASDAQ:ADAM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. Adamas Trust had a negative net margin of 0.26% and a positive return on equity of 15.77%. The company had revenue of ($119.44) million for the quarter. Equities research analysts forecast that Adamas Trust will post 1.19 earnings per share for the current year.

Adamas Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Tuesday, September 22nd were given a dividend of $0.30 per share. This is a boost from Adamas Trust's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 21.1%. Adamas Trust's dividend payout ratio is presently -210.53%.

About Adamas Trust

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.

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