Adamas Trust, Inc. (NASDAQ:ADAM – Get Free Report) declared a quarterly dividend on Thursday, June 11th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 0.27 per share on Tuesday, July 28th. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend is Tuesday, June 23rd. This is a 17.4% increase from Adamas Trust’s previous quarterly dividend of $0.23.
Adamas Trust Price Performance
Shares of NASDAQ:ADAM opened at $9.11 on Friday. The company has a market cap of $818.62 million, a P/E ratio of 7.79 and a beta of 1.17. The company has a debt-to-equity ratio of 11.91, a current ratio of 17.69 and a quick ratio of 17.70. The company has a fifty day simple moving average of $8.42. Adamas Trust has a 1 year low of $6.16 and a 1 year high of $9.32.
Adamas Trust (NASDAQ:ADAM – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $45.81 million during the quarter, compared to the consensus estimate of $40.00 million. Adamas Trust had a return on equity of 14.29% and a net margin of 24.14%. Sell-side analysts anticipate that Adamas Trust will post 1.05 earnings per share for the current year.
Analysts Set New Price Targets
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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