Company expects continued execution of strategy to drive further shareholder value in H2 2026
Result drivers
Portfolio expansion - Co said growth in earnings and book value was driven by continued expansion and diversification of its investment portfolio
Investment activity - Co acquired $1.5 bln of new single-family residential investments in Q2, including $798.3 mln of Agency investments and $632.3 mln of business purpose loans
Constructive platform - CEO said addition of Constructive origination platform has sharpened competitive edge and supported earnings growth
Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized REITs peer group is "buy"
Wall Street's median 12-month price target for Adamas Trust Inc is $9.50, about 9.1% above its July 28 closing price of $8.71
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
ADAM•
