Adamas Trust stock analysis
Adamas Trust (NKZ0) Stock Price & Analysis
NKZ0 Stock Chart & Stats
- Day’s Range
- EUR 4.80 - EUR 5.00
- 52-Week Range
- EUR 4.80 - EUR 8.75
- Previous Close
- EUR 5.15
- Volume
- N/A
- Average Volume (3M)
- 5
- Market Cap
- EUR 443.53M
- Enterprise Value
- EUR 12.86B
- Total Cash (Recent Filing)
- EUR 7.61B
- Total Debt (Recent Filing)
- EUR 12.01B
- Price to Earnings (P/E)
- ―
- Beta
- 0.60
- Next Earnings
- Feb 24, 2027 (Est.)
- EPS Estimate
- 0.2
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 18.53%
Bulls Say, Bears Say
Bulls Say
Revenue Scale
The substantial expansion in revenue demonstrates a larger operating and investment platform over time. Although the trajectory is volatile, the increased scale can support broader portfolio deployment, recurring earnings generation, and improved operating leverage if asset performance remains stable.
Positive Cash Generation
Positive operating and free cash flow provide internal resources to support distributions, portfolio activity, and operating obligations without relying entirely on external financing. This is a meaningful strength, although the recent decline and historical unevenness temper its durability.
Dividend Coverage
Recurring earnings covering the dividend for seven consecutive quarters indicates that the core income stream has recently supported shareholder distributions. Continued coverage can reinforce investor confidence and funding access, provided portfolio spreads and financing conditions remain manageable.
Bears Say
Elevated Leverage
The very high debt relative to equity leaves a thin capital cushion against asset-value declines and financing pressure. Elevated leverage can amplify book-value and earnings volatility, constrain strategic flexibility, and make future results more sensitive to credit and market conditions.
Volatile Bottom-Line Results
The reversal from substantial profitability to a TTM loss shows that reported earnings are not yet consistently durable. Large book-value swings can also weaken retained capital and complicate dividend sustainability, even when recurring earnings temporarily cover distributions.
Rate And Spread Exposure
The portfolio remains structurally exposed to interest-rate volatility and mortgage-spread widening, which can reduce asset values and economic returns. Hedging can limit damage but does not eliminate sensitivity, leaving earnings and book value dependent on market normalization.
Adamas Trust News
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Adamas Trust Stock Smart Score
Company Description
Adamas Trust
Adamas Trust, Inc. is a U.S.-based entity primarily focused on the acquisition, investment, financing, and management of assets connected to single-family and multi-family residential mortgages. Its diverse portfolio includes targeted residential loans (which cover business purpose loans), agency and non-agency residential mortgage-backed securities (RMBS), structured multi-family property investments like preferred equity and mezzanine loans to property owners, and other assets related to mortgages, housing, and credit, along with strategic investments and commercial mortgage-backed securities (CMBS). Furthermore, the company extends its operations to owning and managing single-family rental properties. Qualifying as a Real Estate Investment Trust (REIT) for federal income tax purposes, Adamas Trust avoids federal corporate income taxes, provided it distributes a minimum of 90% of its taxable earnings to its stockholders. Established in 2003, the company's headquarters are located in New York, New York. It was formerly known as New York Mortgage Trust, Inc. until it officially changed its name to Adamas Trust, Inc. in September 2025.
- Sector
- Realestate
- Industry
- REIT - Mortgage
- CEO
- Jason Thomas Serrano
- Employees
- 221
- Website
- www.adamasreit.com
- Address
- 90 Park Avenue, New York, NY, 10016, US
Adamas Trust (NKZ0) Earnings & Revenues
NKZ0 Company Deck
NKZ0 Earnings Call
Earnings Call SentimentPositive
The call reflected a difficult third quarter marked by a 19.6% decline in adjusted book value, a $159.1 million GAAP loss, wider Agency spreads and significant unrealized portfolio losses. However, management emphasized that recurring earnings continued to cover the dividend, credit performance remained solid, liquidity and financing capacity strengthened, hedges limited further damage, and adjusted book value had already risen approximately 4% in the fourth quarter through October 26. The numerous operational, liquidity and investment positives outweighed the stated challenges, although the outlook remained dependent on continued market normalization and disciplined risk management.
View all DE:NKZ0 earnings summariesNKZ0 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 6 | 1 | 15 |
| Technical Analysis | 6 | 1 | 3 |
| Moving Averages | 0 | 0 | 12 |
