Adamas Trust, Inc. (NASDAQ:ADAM) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts rate Adamas Trust “Hold” on average: Five of six analysts recommend holding the stock, while one recommends buying it. The average 12-month price target is $9.50.
• Adamas Trust reported quarterly EPS of $0.30, beating estimates of $0.25, while revenue of $47.92 million slightly exceeded expectations.
• The company raised its quarterly dividend to $0.30 per share, equivalent to $1.20 annually and a 16.0% yield based on the reported share price.

Adamas Trust, Inc. (NASDAQ:ADAM - Get Free Report) has earned an average rating of "Hold" from the six analysts that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $9.50.

A number of brokerages recently weighed in on ADAM. UBS Group lifted their price objective 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. Wall Street Zen downgraded shares of Adamas Trust from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Adamas Trust in a research report on Tuesday, July 21st. JonesTrading reaffirmed a "buy" rating and set a $10.00 price target on shares of Adamas Trust in a research note on Thursday, September 17th. Finally, Zacks Research downgraded shares of Adamas Trust from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th.

Adamas Trust Stock Performance

ADAM stock opened at $7.50 on Thursday. The company has a quick ratio of 18.54, a current ratio of 18.54 and a debt-to-equity ratio of 11.89. The business's fifty day simple moving average is $9.05 and its two-hundred day simple moving average is $8.80. Adamas Trust has a twelve month low of $6.45 and a twelve month high of $10.36. The firm has a market cap of $674.10 million, a price-to-earnings ratio of 4.46 and a beta of 1.22.

Adamas Trust (NASDAQ:ADAM - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. The firm had revenue of $47.92 million during the quarter, compared to analyst estimates of $47.50 million. Adamas Trust had a net margin of 29.82% and a return on equity of 14.72%. Analysts predict that Adamas Trust will post 1.20 earnings per share for the current year.

Adamas Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders 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 16.0%. The ex-dividend date is Tuesday, September 22nd. This is an increase from Adamas Trust's previous quarterly dividend of $0.27. Adamas Trust's dividend payout ratio (DPR) is 71.43%.

Institutional Investors Weigh In On Adamas Trust

A number of institutional investors and hedge funds have recently bought and sold shares of ADAM. Public Employees Retirement System of Ohio bought a new stake in shares of Adamas Trust in the 2nd quarter valued at about $34,000. Nykredit A S purchased a new position in shares of Adamas Trust in the 2nd quarter valued at $36,000. Integrated Wealth Concepts LLC purchased a new position in shares of Adamas Trust in the 2nd quarter valued at $48,000. Hillsdale Investment Management Inc. purchased a new position in shares of Adamas Trust in the 1st quarter valued at $60,000. Finally, GAMMA Investing LLC raised its position in shares of Adamas Trust by 26.1% in the 3rd quarter. GAMMA Investing LLC now owns 9,974 shares of the company's stock worth $78,000 after acquiring an additional 2,065 shares in the last quarter. 54.89% of the stock is owned by 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.

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