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
Vol1.47M
As of25 Sep 2026

The Verdict

Hold

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/E4.85x
Forward P/E6.52x
P / S (ttm)1.92x
Profit margin53.0%
Return on equity16.4%
Revenue growth+129.8%
Debt / equity769.10

Layer Breakdown

LayerRawContribution
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.

United States · www.adamasreit.com

Risk Metrics

Beta vs SPX0.88
Corr SPX0.43
Annual vol33.1%
Annual ret+14.9%
Sharpe0.45
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
Analysts6
Strong Buy1
Buy1
Hold5
Sell0
Strong Sell0

Recent rating actions

2026-02-20Keefe, Bruyette & Woods→ Market Perform
2026-02-20Jones Trading→ Buy
2025-10-30Jones Trading→ Buy
2025-07-10UBS→ Neutral
2025-05-02Jones Trading→ Buy
2025-05-02B. Riley Securities→ Buy

Material Events

DateEvent8-K
2026-08-14Other Material Event, Exhibitsread
2026-08-12Other Material Event, Exhibitsread
2026-08-11Reg FD Disclosure, Other Material Event…read
2026-07-29Earnings Release, Reg FD Disclosure…read
2026-06-12Other Material Event, Exhibitsread
2026-06-11Officer / Director Change, Shareholder Vote…read
2026-04-29Earnings Release, Reg FD Disclosure…read
2026-03-19Other Material Event, Exhibitsread
2026-02-18Earnings Release, Reg FD Disclosure…read
2026-01-13Other Material Event, Exhibitsread
2025-12-11Other Material Event, Exhibitsread
2025-10-29Earnings Release, Reg FD Disclosure…read

Insider Trades

DateInsiderRoleActionSharesValue
2026-06-10Clement Michael B.Option exercise18.68K—
2026-01-27Serrano Jason TChief Executive OfficerWithheld for tax5.83K$49.01K
2026-01-27Nario-Eng Kristine RimandoChief Financial OfficerWithheld for tax751$6.32K
2026-01-27Mah NicholasPresidentWithheld for tax2.24K$18.81K

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders7
Top-5 share99.7%
HHI6,749 (concentrated)

Top Holders

HolderValueShares
State Street Corp$33.35M3.46M
AQR Capital Management$2.59M275.92K
Fidelity / FMR LLC$1.97M210.55K
Citadel Advisors$1.59M169.56K
Capital Research / Capital World$1.23M131.14K
Millennium Management$126.86K13.52K
T. Rowe Price Group$1.44K153.22K

As of 2026-06-30

SEC Filings

DateFormDoc
2026-08-148-Kview
2026-08-128-Kview
2026-08-12424B5view
2026-08-11424B5view
2026-08-118-Kview
2026-07-3110-Qview
2026-07-298-Kview
2026-06-234view
2026-06-234view
2026-06-234view
2026-06-234view
2026-06-234view
2026-06-234view
2026-06-128-Kview
2026-06-124view

The Long Run

FY 2011–2025 · 15 years

LineLatestCAGRTrend
Operating income-$77.72M+27.6%
Net income$149.05M+36.2%
Cash from ops$14.07M+0.4%

Indices

S&P SmallCap 600

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$8.14$8.17$8.01$8.141.47M
Sep 24$8.41$8.43$8.11$8.141.33M
Sep 23$8.74$8.75$8.42$8.431.34M
Sep 22$8.67$8.83$8.65$8.801.59M
Sep 21$8.98$9.05$8.86$8.922.95M

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