Adamas Trust (NASDAQ:ADAM) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Adamas Trust (NASDAQ:ADAM) announced its quarterly earnings results on Wednesday. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05, FiscalAI reports. Adamas Trust had a net margin of 24.14% and a return on equity of 14.51%. The firm had revenue of $48.41 million during the quarter, compared to analysts’ expectations of $40.00 million.

Adamas Trust Stock Up 15.9%

ADAM stock opened at $8.98 on Friday. The business’s 50 day simple moving average is $7.83. Adamas Trust has a 52-week low of $6.09 and a 52-week high of $9.32. The stock has a market cap of $806.94 million, a P/E ratio of 7.68 and a beta of 1.08. The company has a quick ratio of 14.17, a current ratio of 14.16 and a debt-to-equity ratio of 12.03.

Adamas Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Monday, March 30th were issued a dividend of $0.23 per share. The ex-dividend date was Monday, March 30th. This represents a $0.92 annualized dividend and a yield of 10.2%. Adamas Trust’s payout ratio is currently 83.64%.

Institutional Trading of Adamas Trust

A number of hedge funds have recently made changes to their positions in ADAM. Public Employees Retirement System of Ohio acquired a new stake in Adamas Trust in the fourth quarter valued at $28,000. Atwood & Palmer Inc. bought a new stake in shares of Adamas Trust in the 4th quarter worth about $29,000. Kestra Advisory Services LLC acquired a new stake in shares of Adamas Trust in the 4th quarter valued at about $31,000. PNC Financial Services Group Inc. acquired a new stake in shares of Adamas Trust in the 4th quarter valued at about $42,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Adamas Trust during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 54.89% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADAM. JonesTrading upped their target price on Adamas Trust from $7.50 to $9.50 and gave the stock a “buy” rating in a research report on Friday, February 20th. Keefe, Bruyette & Woods upped their price target on Adamas Trust from $8.25 to $9.00 and gave the stock a “market perform” rating in a report on Friday, February 20th. Weiss Ratings raised shares of Adamas Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Finally, B. Riley Financial lowered shares of Adamas Trust from a “buy” rating to a “neutral” rating and set a $9.50 price objective on the stock. in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.33.

Adamas Trust News Roundup

Here are the key news stories impacting Adamas Trust this week:

• Positive Sentiment: Q1 beat — ADAM posted EPS of $0.29 (vs. $0.24 consensus) and revenue of $48.4M, with adjusted book value and declared a $0.23 quarterly dividend; these beat-and-dividend metrics support investor confidence in earnings and capital returns. Read More.
• Positive Sentiment: Operational growth — Management expects 5–6 BPL rental securitizations in 2026 and said Constructive (a business line) turned profitable, signaling secular growth in fee/business income beyond net interest. Read More.
• Positive Sentiment: Earnings call color — The Q1 earnings transcript provides management commentary backing the reported metrics and reiterating portfolio expansion and dividend commitment, which can underpin longer-term investor thesis. Read More.
• Neutral Sentiment: Peer/comparative coverage — Recent survey/comparative pieces (ADAM vs. JAN) and market snapshots provide context but contain no new guidance or material revisions; useful for relative valuation checks. Read More.
• Negative Sentiment: B. Riley downgrade — B. Riley cut ADAM from “buy” to “neutral” and set a $9.50 target (roughly mid-single-digit upside from current levels), signaling the firm sees limited near-term upside despite the strong quarter; analyst downgrades can weigh on momentum-driven buyers. Read More.
• Negative Sentiment: Market reaction framing — Multiple headlines highlight that the downgrade came “despite blowout earnings,” which may amplify volatility as investors trade the gap between fundamentals and analyst positioning. Read More.

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.