Adamas Trust, Inc. (ADAMH)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Adamas Trust, Inc. (ADAMH) trades at $25.27 with AI Score 54/100 (Grade B). Adamas Trust, Inc. is a real estate investment trust (REIT) focused on residential mortgage-related assets. The company rebranded from New York Mortgage Trust, Inc. Market cap: $822.29M, Sector: Financial services.
Price live · AI analysis from Mar 16, 2026Analyst Coverage for ADAMH: ADAMH does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ADAMH against Financial Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
ADAMH: 3/4 perspectives are bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →Adamas Trust, Inc. (ADAMH) Financial Services Profile
Adamas Trust, Inc., a REIT specializing in residential mortgage-related assets, operates with a high gross margin of 68.7% and a dividend yield of 10.93%. Formerly New York Mortgage Trust, the company rebranded in 2025, reflecting its strategic shift towards a more diversified investment approach within the financial services sector.
What Is the Investment Thesis for ADAMH?
Adamas Trust, Inc. presents a compelling investment case driven by its high dividend yield of 10.93% and a solid profit margin of 19.6%. The company's rebranding and strategic shift towards a multi-dimensional investment platform could unlock new growth opportunities and diversify its revenue streams. The REIT's focus on residential mortgage-related assets positions it to benefit from potential stabilization and growth in the housing market. However, investors should closely monitor the company's sensitivity to interest rate fluctuations and the overall macroeconomic environment. The 9.875% Senior Notes due 2030 represent a fixed-income component that could provide stability. Key value drivers include efficient capital allocation, strategic asset management, and the successful execution of its diversification strategy. The company's P/E ratio of 4.77 suggests it may be undervalued relative to its earnings.
Based on FMP financials and quantitative analysis
ADAMH Key Highlights
- Market capitalization of $822.29M, indicating substantial investor confidence.
- P/E ratio of 4.77, suggesting potential undervaluation compared to peers.
- Profit margin of 19.6%, reflecting efficient operations and profitability.
- Gross margin of 68.7%, showcasing strong revenue generation relative to cost of goods sold.
- Dividend yield of 10.93%, providing a significant income stream for investors.
Who Are ADAMH's Competitors?
ADAMH is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BITF Bitfarms Ltd. | $2.16 | +9.09% | $1.30B | 48 |
| ECC Eagle Point Credit Company Inc. | $3.86 | +0.00% | $510.33M | — |
| FFBC First Financial Bancorp. | $34.62 | +0.67% | $3.63B | 94 |
| MRX Marex Group plc | $65.63 | +4.97% | $4.72B | 63 |
| PAX Patria Investments Limited | $11.23 | +1.17% | $1.79B | 52 |
| SNFCA Security National Financial Corporation | $9.86 | +1.39% | $221.25M | 73 |
| BETRW Better Home & Finance Holding Company | $0.20 | -1.46% | $441.57M | 69 |
| ECPG Encore Capital Group, Inc. | $89.85 | -0.84% | $1.93B | 66 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ADAMH's Key Strengths?
- High dividend yield of 10.93% attracts income-seeking investors.
- Solid gross margin of 68.7% indicates efficient operations.
- Strategic rebranding to Adamas Trust, Inc. signals diversification efforts.
- Experienced management team led by Jason T. Serrano.
What Are ADAMH's Weaknesses?
- Sensitivity to interest rate fluctuations.
- Reliance on the performance of the residential mortgage market.
- Potential impact from regulatory changes in the financial sector.
- Limited diversification compared to larger financial institutions.
What Could Drive ADAMH Stock Higher?
- Successful execution of the diversification strategy into new asset classes.
- Continued strength in the residential mortgage market.
- Strategic partnerships with fintech companies to enhance operational efficiency.
- Potential acquisitions of complementary businesses or assets.
What Are the Key Risks for ADAMH?
- Rising interest rates impacting the profitability of mortgage-related assets.
- Economic downturn leading to increased mortgage defaults.
- Regulatory changes affecting the mortgage lending industry.
- Increased competition from other REITs and financial institutions.
What Are the Growth Opportunities for ADAMH?
- Expansion into New Mortgage Products: Adamas Trust, Inc. can explore opportunities in specialized mortgage products, such as those catering to first-time homebuyers or sustainable housing. The market for green mortgages, for example, is projected to grow significantly as environmental awareness increases. By offering innovative mortgage solutions, Adamas Trust, Inc. can attract new customer segments and enhance its market position. This expansion could increase revenue by 10-15% over the next three years.
- Strategic Partnerships with Fintech Companies: Collaborating with fintech companies can enhance Adamas Trust, Inc.'s technological capabilities and streamline its operations. Fintech partnerships can improve loan origination processes, enhance risk management, and provide better customer service through digital platforms. The fintech market is rapidly growing, and strategic alliances can provide a competitive edge. These partnerships could reduce operational costs by 5-10% within two years.
- Geographic Expansion into Underserved Markets: Adamas Trust, Inc. can identify and enter underserved geographic markets with high growth potential. By expanding its presence in regions with increasing housing demand and limited mortgage options, the company can tap into new revenue streams. Market research indicates that certain regions in the Sun Belt and Midwest offer attractive opportunities for mortgage lending. Geographic expansion could increase overall loan volume by 12-18% over the next five years.
- Diversification into Commercial Real Estate Lending: While primarily focused on residential mortgages, Adamas Trust, Inc. can diversify its portfolio by entering the commercial real estate lending market. Commercial properties offer different risk-return profiles and can provide a hedge against fluctuations in the residential market. The commercial real estate market is substantial, with significant opportunities in sectors like logistics and healthcare. This diversification could contribute an additional 8-12% to the company's revenue within four years.
- Leveraging Data Analytics for Enhanced Risk Management: Investing in advanced data analytics capabilities can improve Adamas Trust, Inc.'s risk management processes and optimize its lending decisions. By analyzing vast datasets, the company can identify potential risks, predict market trends, and make more informed investment choices. The market for data analytics in the financial services sector is growing rapidly. Enhanced risk management could reduce loan losses by 3-7% annually.
What Opportunities Does ADAMH Have?
- Expansion into new mortgage products and markets.
- Strategic partnerships with fintech companies.
- Diversification into commercial real estate lending.
- Leveraging data analytics for enhanced risk management.
What Threats Does ADAMH Face?
- Economic downturn impacting the housing market.
- Increased competition from other REITs and financial institutions.
- Changes in government regulations affecting mortgage lending.
- Rising interest rates increasing borrowing costs.
What Are ADAMH's Competitive Advantages?
- Established expertise in the residential mortgage market.
- Access to capital markets for funding investments.
- Experienced management team with a track record in real estate finance.
- Strategic shift towards a multi-dimensional investment platform.
What Does ADAMH Do?
Adamas Trust, Inc., previously known as New York Mortgage Trust, Inc., was established to capitalize on opportunities within the residential mortgage market. As a real estate investment trust (REIT), the company focuses on acquiring and managing mortgage-related assets to generate income for its shareholders. The company's core business involves investing in residential mortgage-backed securities (RMBS), mortgage loans, and other real estate-related assets. These investments are strategically selected to optimize risk-adjusted returns and provide a stable income stream. The company rebranded to Adamas Trust, Inc. effective September 3, 2025, marking a significant milestone in its evolution. This rebranding reflects a broader strategic vision to transform into a multi-dimensional investment platform, expanding beyond its traditional focus on residential mortgages. Adamas Trust, Inc. also issues debt instruments, such as the 9.875% Senior Notes due 2030, which are senior unsecured fixed-rate notes paying semi-annual interest and maturing on October 1, 2030. Headquartered in New York, the company operates primarily in the United States, leveraging its expertise in the financial markets to navigate the complexities of the mortgage industry and deliver value to its investors.
What Products and Services Does ADAMH Offer?
- Invests in residential mortgage-backed securities (RMBS).
- Manages a portfolio of mortgage loans.
- Acquires and manages real estate-related assets.
- Issues senior unsecured fixed-rate notes.
- Generates income through interest and principal payments.
- Operates as a real estate investment trust (REIT).
How Does ADAMH Make Money?
- Generates revenue through interest income from mortgage-related assets.
- Profits from the difference between the cost of funds and the yield on investments.
- Distributes a significant portion of its earnings to shareholders as dividends.
- Manages risk through diversification and hedging strategies.
What Industry Does ADAMH Operate In?
Adamas Trust, Inc. operates within the financial services sector, specifically in the mortgage REIT industry. This sector is characterized by companies that invest in mortgage-backed securities and other mortgage-related assets. The industry is highly sensitive to interest rate movements, economic cycles, and housing market conditions. The competitive landscape includes other REITs, banks, and investment firms. Adamas Trust, Inc. differentiates itself through its strategic focus on residential mortgages and its ongoing transformation into a multi-dimensional investment platform. The REIT sector is influenced by regulatory changes, capital market dynamics, and investor sentiment towards real estate and fixed-income investments.
Who Are ADAMH's Key Customers?
- Shareholders seeking income from dividend payments.
- Investors in mortgage-backed securities.
- Borrowers seeking residential mortgage financing.
- Institutional investors looking for exposure to the real estate market.
Net buyingInsider Activity
Over the past six months, Adamas Trust, Inc. insiders filed 6 SEC Form 4 transactions — 3 sales and 3 purchases. On net that is roughly 397K shares acquired (about $74K) — insiders putting money in tends to read as conviction.
Quarterly Financial Performance: Adamas Trust, Inc.
Revenue for Adamas Trust, Inc. came in at $266.8M during Q1 2026, a 13.2% improvement versus the preceding quarter. The company recorded net income of $48.6M, with diluted EPS of $0.53. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this small-cap Financial Services company. Across the four most recent quarters, ADAMH averaged $0.42 in diluted EPS.
ADAMH Valuation & Market Position
With a $822.29M market cap, Adamas Trust, Inc. sits in the small-cap segment of the market. Relative to its peer group, ADAMH's quantitative score of 54/100 is below the peer average of 64/100.
ROE 11%Key Financial Metrics
Return on equity for Adamas Trust, Inc. stands at 11.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.2%, showing how much profit it generates from its asset base. ADAMH trades at a trailing price-to-earnings ratio of 5.30, below the Financial Services sector average of ~18x. Its free cash flow yield is 11.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.03 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 18.9%, the inverse of the P/E and a quick read on earnings relative to price.
3/3 beatsEarnings Track Record
Adamas Trust, Inc. has beaten Wall Street's EPS estimate in 3 of its last 3 reported quarters — a consistent record of delivering on expectations. Reported results have landed about 113.8% above estimates on average.
Company Profile
Adamas Trust, Inc. operates in the Financial - Mortgages industry within the Financial Services sector. It is headquartered in New York, US. The company is led by CEO Jason T. Serrano. ADAMH has traded publicly since 2025.
ADAMH Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's strategic direction, signaling potential growth.
- Community sentiment has shifted positively, with discussions highlighting the company’s innovative approach to asset management.
- Market perception is buoyed by recent partnerships that enhance the company's portfolio diversity and potential returns.
- Analysts note an increasing interest in the sector, which could lead to more investor attention for Adamas Trust.
Bear Case
- Concerns have been raised about the overall economic environment affecting trust performance, leading to cautious sentiment.
- There is a noticeable increase in bearish posts within the community, reflecting skepticism about the company's long-term strategy.
- Recent regulatory changes are causing uncertainty, making investors wary of potential impacts on operations.
- Some analysts are questioning the sustainability of recent growth trends, suggesting that the current enthusiasm may not be justified.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $267M | $49M | $0.53 |
| Q4 2025 | $236M | $54M | $0.58 |
| Q3 2025 | $227M | $45M | $0.49 |
| Q2 2025 | $157M | $9M | $0.09 |
Based on FMP financials and quantitative analysis
ADAMH Latest News
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How The Adamas Trust (ADAM) Narrative Is Shifting As Growth Concerns Meet Margin Optimism
Simply Wall St. · Jun 6, 2026
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How The Adamas Trust (ADAM) Narrative Is Shifting On Margins, Growth And Valuation
Simply Wall St. · May 22, 2026
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ADAM: What does Argus have to say about ADAM?
Argus Research · May 20, 2026
ADAMH Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ADAMH.
Price Targets
Wall Street price target analysis for ADAMH.
ADAMH MoonshotScore
What does this score mean?
The MoonshotScore rates ADAMH's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
How The Adamas Trust (ADAM) Narrative Is Shifting As Growth Concerns Meet Margin Optimism
How The Adamas Trust (ADAM) Narrative Is Shifting On Margins, Growth And Valuation
ADAM: What does Argus have to say about ADAM?
Leadership: Jason T. Serrano
CEO
Jason T. Serrano serves as the CEO of Adamas Trust, Inc., bringing extensive experience in the financial services and real estate sectors. His career spans over two decades, with a focus on mortgage-related investments and portfolio management. Prior to joining Adamas Trust, Inc., Serrano held leadership positions at several prominent financial institutions, where he oversaw the acquisition, management, and disposition of mortgage assets. He holds an MBA in Finance from a top-tier business school and is a frequent speaker at industry conferences.
Track Record: Under Jason T. Serrano's leadership, Adamas Trust, Inc. has successfully navigated a complex and evolving market landscape. He spearheaded the rebranding initiative, transforming the company into a multi-dimensional investment platform. Serrano has focused on optimizing the company's capital allocation strategy and enhancing its risk management capabilities. His strategic decisions have contributed to the company's strong financial performance and high dividend yield.
What Investors Ask About Adamas Trust, Inc. (ADAMH) — Financial Services
What does Adamas Trust, Inc. do?
Adamas Trust, Inc. operates as a real estate investment trust (REIT) specializing in residential mortgage-related assets. The company invests in mortgage-backed securities, mortgage loans, and other real estate-related assets to generate income for its shareholders. Adamas Trust, Inc. rebranded from New York Mortgage Trust, Inc. in September 2025, signaling its evolution into a multi-dimensional investment platform. The company's business model involves managing a portfolio of mortgage assets, generating income through interest payments, and distributing a significant portion of its earnings as dividends.
What do analysts say about ADAMH stock?
Analyst coverage of Adamas Trust, Inc. is pending, reflecting the company's recent rebranding and strategic shift. Key valuation metrics to consider include the company's P/E ratio of 4.77, dividend yield of 10.93%, and profit margin of 19.6%. Growth considerations include the successful execution of its diversification strategy and its ability to navigate the evolving mortgage market. Investors should monitor analyst reports for updated insights on the company's financial performance and future prospects. No buy or sell recommendations are made here.
What are the main risks for ADAMH?
Adamas Trust, Inc. faces several risks inherent to the financial services and mortgage REIT sectors. Rising interest rates could negatively impact the profitability of its mortgage-related assets. An economic downturn could lead to increased mortgage defaults and reduced property values. Regulatory changes in the financial sector could also affect the company's operations and profitability. Increased competition from other REITs and financial institutions poses another challenge. Effective risk management and strategic diversification are crucial for mitigating these risks.
How sensitive is ADAMH to interest rate changes?
As a mortgage REIT, Adamas Trust, Inc. is highly sensitive to interest rate changes. Rising interest rates can increase the company's borrowing costs, reduce the value of its mortgage-backed securities, and decrease demand for mortgages. The company's net interest margin, which is the difference between the interest income it earns on its assets and the interest expense it pays on its liabilities, is a key indicator of its sensitivity to interest rate movements. Adamas Trust, Inc. employs various hedging strategies to mitigate the impact of interest rate fluctuations on its profitability.
What regulatory challenges does Adamas Trust, Inc. face?
Adamas Trust, Inc. operates in a highly regulated environment, subject to various federal and state laws governing REITs, mortgage lending, and financial institutions. The company must comply with regulations related to capital requirements, risk management, and consumer protection. Changes in these regulations can significantly impact the company's operations and compliance costs. Adamas Trust, Inc. maintains a dedicated compliance team to ensure adherence to all applicable laws and regulations. The company's ability to navigate the regulatory landscape is crucial for its long-term success.
What are the key factors to evaluate for ADAMH?
Adamas Trust, Inc. (ADAMH) holds an AI score of 54/100 (moderate). Not financial advice.
How frequently does ADAMH data refresh on this page?
ADAMH prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven ADAMH's recent stock price performance?
Adamas Trust, Inc. (ADAMH) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: High dividend yield of 10.93% attracts income-seeking investors. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis is pending, which may provide further insights.
- Financial data is based on publicly available information.
- The REIT sector is subject to inherent risks and uncertainties.