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The latest update is out from Adamas Trust ( (ADAM) ).
Adamas Trust, Inc. reported strong first-quarter 2026 results on April 29, 2026, with GAAP earnings of $0.41 per share and earnings available for distribution of $0.29 per share, outpacing its $0.23 dividend and underscoring solid earnings momentum and book value growth. The company posted an economic return of 6.35% for the quarter, expanded book value per share to $9.98, increased adjusted net interest income, and delivered a 4.06% quarterly cumulative stockholder return while maintaining recourse leverage around 5x.
Operationally, Adamas acquired $1.0 billion of new single-family residential assets, grew its Agency RMBS portfolio to $6.8 billion, expanded its BPL‑Rental book to $1.8 billion of unpaid principal balance, and recorded a $13.8 million gain from a property sale in a mezzanine lending investment. On the financing side, it refinanced debt by issuing higher-coupon 2031 notes and redeeming 2026 notes, executed over $570 million of BPL‑Rental securitizations, and repurchased more than 612,000 shares at an accretive price, reinforcing balance sheet flexibility and shareholder value-focused capital allocation.
The most recent analyst rating on (ADAM) stock is a Buy with a $9.00 price target. To see the full list of analyst forecasts on Adamas Trust stock, see the ADAM Stock Forecast page.
Spark’s Take on ADAM Stock
According to Spark, TipRanks’ AI Analyst, ADAM is a Neutral.
The score is driven by a strong 2025 earnings/cash-flow rebound and very attractive valuation (low P/E and high yield), partially offset by materially higher leverage that increases balance-sheet risk. Technicals are mildly weak in the near term, while the latest earnings call was constructive on 2026 EAD/dividend coverage but acknowledged ongoing integration costs and some credit/spread headwinds.
To see Spark’s full report on ADAM stock, click here.
More about Adamas Trust
Adamas Trust, Inc., listed on Nasdaq under the ticker ADAM, operates in the mortgage and real estate finance sector, combining an Agency residential mortgage-backed securities (RMBS) investment portfolio with a growing credit and business purpose loan origination platform. The company focuses on single-family and multi-family residential assets, including agency RMBS, business purpose loans, securitized BPL‑rental structures and related mortgage servicing and equity interests, positioning itself as a diversified income-oriented real estate investment platform.
Average Trading Volume: 683,950
Technical Sentiment Signal: Buy
Current Market Cap: $729.2M
For an in-depth examination of ADAM stock, go to TipRanks’ Overview page.