Adamas Trust (NASDAQ:ADAM) Rating Lowered to Neutral at B. Riley Financial

Adamas Trust (NASDAQ:ADAM) was downgraded by equities researchers at B. Riley Financial from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They currently have a $9.50 price target on the stock. B. Riley Financial’s target price points to a potential upside of 6.86% from the company’s previous close.

A number of other research analysts have also recently issued reports on ADAM. JonesTrading lifted their price target on shares of Adamas Trust from $7.50 to $9.50 and gave the company a “buy” rating in a research 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, Keefe, Bruyette & Woods lifted their price target on shares of Adamas Trust from $8.25 to $9.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Adamas Trust presently has an average rating of “Hold” and a consensus target price of $9.33.

Adamas Trust Stock Down 1.0%

ADAM opened at $8.89 on Thursday. The stock has a market cap of $798.86 million, a PE ratio of 7.60 and a beta of 1.18. The company has a current ratio of 17.69, a quick ratio of 14.17 and a debt-to-equity ratio of 11.91. The company has a 50 day moving average price of $7.83. Adamas Trust has a 52 week low of $6.16 and a 52 week high of $9.32.

Adamas Trust (NASDAQ:ADAM) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Adamas Trust had a net margin of 24.14% and a return on equity of 14.29%. The company had revenue of $45.81 million during the quarter, compared to analysts’ expectations of $40.00 million. Equities analysts anticipate that Adamas Trust will post 1 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in Adamas Trust in the fourth quarter worth about $28,000. Atwood & Palmer Inc. purchased a new position in Adamas Trust in the fourth quarter worth about $29,000. Kestra Advisory Services LLC purchased a new position in Adamas Trust in the fourth quarter worth about $31,000. PNC Financial Services Group Inc. purchased a new position in Adamas Trust in the fourth quarter worth about $42,000. Finally, Nisa Investment Advisors LLC purchased a new position in Adamas Trust in the fourth quarter worth about $65,000. 54.89% of the stock is owned by hedge funds and other institutional investors.

Key Adamas Trust News

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

• Positive Sentiment: Q1 results beat expectations — ADAM reported $0.29 EPS vs. $0.24 consensus and revenue of $48.41M vs. $40M, showing stronger profitability and higher book value, which supports fundamentals and dividend/cash-return prospects. Adamas Trust (ADAM) Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: Company expects 5–6 BPL rental securitizations in 2026 as its Constructive business turns profitable — potential recurring fee income and balance-sheet optimization that can improve earnings and book value over time. Adamas Trust anticipates 5 to 6 BPL rental securitizations in 2026 as Constructive turns profitable
• Positive Sentiment: Market reaction earlier: shares surged after the strong Q1 beat and book-value improvement, reflecting investor interest in ADAM’s earnings momentum. Adamas Trust stock surges after Q1 earnings beat and book value rises
• Neutral Sentiment: Full Q1 earnings transcript available for detail on portfolio performance, fee income and management commentary — useful for assessing sustainability of Q1 results but not an immediate catalyst. Adamas Trust (ADAM) Q1 2026 Earnings Transcript
• Neutral Sentiment: Additional Q1 coverage and charts (Barron’s / CTPost) provide context on trends and valuation but add limited new information beyond the headline beat. Adamas Trust: Q1 Earnings Snapshot
• Negative Sentiment: B. Riley downgraded ADAM from Buy to Neutral and set a $9.50 price target (roughly mid‑single‑digit upside from current levels). The downgrade, widely reported, likely pressured the stock despite the earnings beat because it reduces near-term analyst-driven buying momentum. Adamas Trust (NASDAQ:ADAM) Given “Neutral” Rating at B. Riley Financial

Adamas Trust Company Profile

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.