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Adamas Trust, Inc. (ADAM) stock

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NASDAQ: ADAM Nasdaq Mortgage REITs Next results ~February 17, 2027

Adamas Trust, Inc. is a US-listed company in the mortgage REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$9.4

Valuation models combined (2)

Base case. Range ~$3.0–$16. Weighted average of 2 models (price-to-book vs peers, dividend discount (growing dividend)).

Price vs value

No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Adamas Trust, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds109 adding, 77 cuttingOf 23 active managers that changed their stake, 15 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Next results ~February 17, 2027 (estimated)

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Latest results

Earnings per share
$0.30 against an average estimate of $0.29: beat by 3.4%
Share reaction
-8.7% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Next report
October 28, 2026; average EPS estimate $0.30

Adamas Trust's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-9.3%
  • 1 week-24.0%
  • 1 month-24.1%
  • This year-10.5%
  • 1 year+1.1%
  • 5 years-33.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

EPS (TTM, diluted)
$-0.02

Growth

Share count change
+1.1%

Earnings

Last results
October 28, 2026
Next results (est.)
February 17, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Announcement
  4. Announcement
  5. Announcement
  6. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Adamas Trust, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Adamas Trust, Inc. as a mortgage reit, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.85 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$3.0 ~$2.5–$5.1 Included
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$16 ~$14–$19 Included
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$9.4 ~$3.0–$16 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Adamas Trust, Inc. with mortgage REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.24 +40% $205m +37%
Next $1.25 +1% $223m +9%

Next year's EPS estimate has moved +2.1% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −0.5% on 90 days ago. In the last 30 days, 5 analysts raised Adamas Trust, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Adamas Trust, Inc., last 90 days
$1.22 $1.23 $1.24 $1.25 $1.26 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.25 Current fiscal year, 60 days ago: $1.23 Current fiscal year, 30 days ago: $1.23 Current fiscal year, 7 days ago: $1.23 Current fiscal year, Now: $1.24 $1.24 Next fiscal year, 90 days ago: $1.23 Next fiscal year, 60 days ago: $1.25 Next fiscal year, 30 days ago: $1.25 Next fiscal year, 7 days ago: $1.24 Next fiscal year, Now: $1.25 $1.25

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.25$1.23
60 days ago $1.23$1.25
30 days ago $1.23$1.25
7 days ago $1.23$1.24
Now $1.24$1.25

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.29 $0.30 +3.4%
Jun 2026 $0.25 $0.30 +21.1%
Mar 2026 $0.23 $0.29 +27.5%
Dec 2025 $0.25 $0.23 −6.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 28, 2026

No numeric guidance in Adamas Trust, Inc.'s latest earnings release (filed October 28, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

7 analysts, Oct 2026
Buy229%
Hold571%
Sell00%

Monthly trend

  1. Oct 20261157
  2. Sep 20261157
  3. Aug 20261157
  4. Jul 20261157

Counts of recommendations published by analysts covering Adamas Trust, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.3%
of tradable shares
Days to cover
2.43
at average volume
Short interest, 1 month
+1%
to October 15, 2026
Held by institutions
59%
of shares
Held by insiders
6.7%
of shares
Employees
221
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ADAM+11%−21%−6%−19%+37%−11%
Industry peers (median)+26%−22%+17%+4%+6%−21%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ADAM67%42%42%50%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ADAM−22%−39%−36%−33%−22%−40%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 84% from January 23, 2020 to March 24, 2020. Getting back needed a 526% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$5.89 – $9.89
From 52-week high
−40.0%
vs 50-day average
−28.2%
vs 200-day average
−26.8%
Volatility (1 year)
36%
Beta vs S&P 500
1.05

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±6.0%
After a week
7 up, 4 down
typical move ±7.3%
After a month
8 up, 3 down
typical move ±8.9%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 −8.7% 0.0% — —
July 29, 2026 +2.6% +0.1% +8.4% +13.0%
April 29, 2026 +10.5% +1.0% +8.6% +13.2%
February 18, 2026 +2.2% +0.2% +0.5% −2.6%
October 29, 2025 −3.9% −1.1% +0.7% +11.2%
July 30, 2025 −7.2% −0.5% −3.7% +3.5%
April 30, 2025 +8.2% +0.7% +11.6% +11.2%
February 19, 2025 +6.1% −0.2% +16.0% +13.5%
October 30, 2024 +6.1% −2.3% +6.6% +12.9%
July 31, 2024 −3.8% +0.2% −5.5% +0.9%
May 1, 2024 −8.5% +0.6% −12.1% −13.1%
February 21, 2024 −3.7% +2.2% −6.9% −2.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$5M
Dividends (TTM)
$87.3M
Returned to shareholders
97%
of free cash flow
Buybacks, last 3 fiscal years
$13.6M
Diluted share count
+1.1%
year over year

Who owns it

Funds buying and selling
Reported value
$458M
Institutions reporting
205
Shares held vs prior quarter
▲ 1.8%
Positions opened / closed
42 / 20

Top buyers and sellers, Q2 2026: 109 institutions bought and 77 sold ; the biggest buyer was Blackrock, Inc (+359K shares) and the biggest seller Allspring Global Investments Holdings, LLC (−703K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $128M 13.6M 27.9% ▲ 2.7%
Vanguard Capital Management LLC $34.2M 3.6M 7.5% ▼ 3.7%
State Street Corp $33.4M 3.5M 7.3% ▲ 3.4%
Invesco Ltd. $29.7M 3.2M 6.5% ▼ 0.2%
Mirae Asset Global Etfs Holdings Ltd. $24.5M 2.6M 5.3% ▲ 1.8%
Geode Capital Management, LLC $21.4M 2.3M 4.7% ▲ 1.7%
Allspring Global Investments Holdings, LLC $20.1M 2.2M 4.4% ▼ 24.5%
Vanguard Portfolio Management LLC $16.3M 1.7M 3.6% ▲ 5.4%
Charles Schwab Investment Management Inc $13.7M 1.5M 3.0% ▼ 10.5%
Northern Trust Corp $10.8M 1.1M 2.4% ▲ 15.8%
Van Eck Associates Corp $8.3M 881K 1.8% ▼ 7.5%
Morgan Stanley $6.9M 737K 1.5% ▼ 6.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Adamas Trust, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 17, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 29, 2026
  • February 18, 2026
  • October 29, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Adamas Trust, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Adamas Trust, Inc. in brief

What does Adamas Trust, Inc. do?
Adamas Trust, Inc. is a US-listed company in the mortgage REITs industry. Its financial year ends in December.
What is Adamas Trust, Inc.'s stock ticker?
Adamas Trust, Inc. trades under the ticker ADAM on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are Adamas Trust, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Adamas Trust, Inc. buying back stock, and does it pay a dividend?
Adamas Trust, Inc. spent $5M on share repurchases over the trailing twelve months, and its diluted share count still rose 1.1% over the year.
Does Adamas Trust, Inc. pay a dividend?
Yes: Adamas Trust, Inc. paid $87.3M in dividends over the trailing twelve months.
When is Adamas Trust, Inc.'s next earnings date?
Around February 17, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Adamas Trust, Inc. announces its own schedule.