Adamas Trust, Inc. (ADAM) to Issue Quarterly Dividend of $0.30 on October 28th

Adamas Trust, Inc. (NASDAQ:ADAM) declared a quarterly dividend on Tuesday, August 11th. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.30 per share on Wednesday, October 28th. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a 11.1% increase from Adamas Trust’s previous quarterly dividend of $0.27.

Adamas Trust Stock Down 0.7%

Adamas Trust stock opened at $10.16 on Thursday. Adamas Trust has a fifty-two week low of $6.45 and a fifty-two week high of $10.36. The firm’s 50-day simple moving average is $9.18 and its 200 day simple moving average is $8.51. 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 stock has a market cap of $913.18 million, a PE ratio of 6.05 and a beta of 1.17.

Adamas Trust (NASDAQ:ADAM) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The company had revenue of $47.92 million during 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%. Research analysts predict that Adamas Trust will post 1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ADAM. BlackRock Inc. purchased a new stake in Adamas Trust during the 2nd quarter valued at about $127,863,000. State Street Corp bought a new stake in shares of Adamas Trust in the 4th quarter worth $24,607,000. Invesco Ltd. purchased a new position in shares of Adamas Trust in the fourth quarter worth $23,172,000. Geode Capital Management LLC bought a new position in shares of Adamas Trust during the fourth quarter valued at $15,702,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Adamas Trust during the fourth quarter valued at $13,039,000. 54.89% of the stock is currently owned by institutional investors.

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.