Adamas Trust, Inc. (ADAM) – What Are Investment Firms Thinking About This Stock?

Adamas Trust, Inc. (NASDAQ:ADAM) has earned a consensus recommendation of “Reduce” from the six research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $9.25.

ADAM has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their target price on Adamas Trust from $9.25 to $8.50 and set a “market perform” rating for the company in a research report on Friday, October 30th. JonesTrading lowered their target price on shares of Adamas Trust from $10.00 to $9.50 and set a “buy” rating on the stock in a report on Thursday, October 29th. UBS Group lifted their target price on Adamas Trust from $8.50 to $9.50 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Weiss Ratings lowered Adamas Trust from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, November 3rd. Finally, Wall Street Zen cut Adamas Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 7th.

Adamas Trust Stock Up 1.0%

Shares of Adamas Trust stock opened at $5.25 on Monday. Adamas Trust has a 1-year low of $5.06 and a 1-year high of $10.36. The company has a debt-to-equity ratio of 16.02, a current ratio of 19.06 and a quick ratio of 19.06. The company has a market capitalization of $474.13 million, a P/E ratio of -9.21 and a beta of 1.26. The business’s fifty day moving average price is $7.63 and its two-hundred day moving average price is $8.40.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ADAM. Royal Bank of Canada lifted its position in shares of Adamas Trust by 2.9% during the 1st quarter. Royal Bank of Canada now owns 43,261 shares of the company’s stock valued at $318,000 after buying an additional 1,214 shares during the last quarter. Novem Group increased its holdings in shares of Adamas Trust by 17.4% in the third quarter. Novem Group now owns 13,515 shares of the company’s stock worth $105,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC grew its holdings in shares of Adamas Trust by 26.1% in the third quarter. GAMMA Investing LLC now owns 9,974 shares of the company’s stock worth $78,000 after purchasing an additional 2,065 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Adamas Trust during the second quarter valued at approximately $34,000. Finally, Nykredit A S purchased a new stake in shares of Adamas Trust in the 2nd quarter worth about $36,000. Institutional investors own 54.89% of the company’s stock.

Adamas Trust Company Profile

Adamas Trust, Inc. is a real estate investment trust focused on commercial real estate lending. Through its lending and investment activities, the company provides financing for commercial properties and invests in commercial real estate-related assets. The company was formerly known as ACRES Commercial Realty Corp. Its portfolio and lending activities have focused primarily on commercial real estate in the United States, including properties undergoing renovation, repositioning or other transitions.