Inside the research
Adamas Trust, Inc.
ADAM Research profile · latest available data
Price overview
$8.14
· +0.00 (+0.0%)
| 52w hi | $9.89 |
|---|---|
| 52w lo | $5.79 |
| Vol | 1.47M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.11
| Short | +0.00 |
|---|---|
| Medium | +0.06 |
| Long | +0.43 |
computed 2026-09-27
Key fundamentals
Adamas Trust, Inc.
Real Estate · REIT - Mortgage
| Market cap | $731.62M |
|---|---|
| Enterprise value | $12.38B |
| Trailing P/E | 4.85x |
| Forward P/E | 6.52x |
| P / S (ttm) | 1.92x |
| Profit margin | 53.0% |
| Return on equity | 16.4% |
| Revenue growth | +129.8% |
| Debt / equity | 769.10 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.44 | |
| Sector | -0.04 | |
| Technical | -0.01 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Adamas Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multifamily residential assets in the United States. The company operates through two segments: Investment Portfolio and Constructive. The Investment Portfolio segment manages a diversified portfolio primarily consisting of mortgage-related single-family and multifamily residential investments, including agency residential mortgage-backed securities (RMBS), non-agency RMBS, residential loans, such as business purpose loans, performing, re-performing, non-performing, and seasoned performing, multifamily loans, preferred equity investments, joint venture equity investments, multifamily investments, mezzanine lending, cross-collateralized mezzanine lending, and single-family rental. The Constructive segment is a business purpose loan lender specializing in rental and transitional loans for real estate investors; and origination and sale of loans. The company provides structured multi-family property investments; other mortgage-, residential housing- and credit-related assets and strategic investments; and commercial mortgage-backed securities (CMBS). It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Adamas Trust, Inc. was formerly known as New York Mortgage Trust, Inc. and changed its name to Adamas Trust, Inc. in September 2025. Adamas Trust, Inc. was incorporated in 2003 and is headquartered in New York, New York.
Risk Metrics
| Beta vs SPX | 0.88 |
|---|---|
| Corr SPX | 0.43 |
| Annual vol | 33.1% |
| Annual ret | +14.9% |
| Sharpe | 0.45 |
| Max DD | -24.3% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $11.79 |
|---|---|
| High / Low | $24.00 / $8.00 |
| Median | $9.62 |
| Analysts | 6 |
| Strong Buy | 1 | |
|---|---|---|
| Buy | 1 | |
| Hold | 5 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-02-20 | Keefe, Bruyette & Woods | → Market Perform |
| 2026-02-20 | Jones Trading | → Buy |
| 2025-10-30 | Jones Trading | → Buy |
| 2025-07-10 | UBS | → Neutral |
| 2025-05-02 | Jones Trading | → Buy |
| 2025-05-02 | B. Riley Securities | → Buy |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-14 | Other Material Event, Exhibits | read |
| 2026-08-12 | Other Material Event, Exhibits | read |
| 2026-08-11 | Reg FD Disclosure, Other Material Event… | read |
| 2026-07-29 | Earnings Release, Reg FD Disclosure… | read |
| 2026-06-12 | Other Material Event, Exhibits | read |
| 2026-06-11 | Officer / Director Change, Shareholder Vote… | read |
| 2026-04-29 | Earnings Release, Reg FD Disclosure… | read |
| 2026-03-19 | Other Material Event, Exhibits | read |
| 2026-02-18 | Earnings Release, Reg FD Disclosure… | read |
| 2026-01-13 | Other Material Event, Exhibits | read |
| 2025-12-11 | Other Material Event, Exhibits | read |
| 2025-10-29 | Earnings Release, Reg FD Disclosure… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-06-10 | Clement Michael B. | Option exercise | 18.68K | — | |
| 2026-01-27 | Serrano Jason T | Chief Executive Officer | Withheld for tax | 5.83K | $49.01K |
| 2026-01-27 | Nario-Eng Kristine Rimando | Chief Financial Officer | Withheld for tax | 751 | $6.32K |
| 2026-01-27 | Mah Nicholas | President | Withheld for tax | 2.24K | $18.81K |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 7 |
| Top-5 share | 99.7% |
| HHI | 6,749 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $33.35M | 3.46M |
| AQR Capital Management | $2.59M | 275.92K |
| Fidelity / FMR LLC | $1.97M | 210.55K |
| Citadel Advisors | $1.59M | 169.56K |
| Capital Research / Capital World | $1.23M | 131.14K |
| Millennium Management | $126.86K | 13.52K |
| T. Rowe Price Group | $1.44K | 153.22K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2011–2025 · 15 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Operating income | -$77.72M | +27.6% | |
| Net income | $149.05M | +36.2% | |
| Cash from ops | $14.07M | +0.4% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $8.14 | $8.17 | $8.01 | $8.14 | 1.47M |
| Sep 24 | $8.41 | $8.43 | $8.11 | $8.14 | 1.33M |
| Sep 23 | $8.74 | $8.75 | $8.42 | $8.43 | 1.34M |
| Sep 22 | $8.67 | $8.83 | $8.65 | $8.80 | 1.59M |
| Sep 21 | $8.98 | $9.05 | $8.86 | $8.92 | 2.95M |
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