Overview

* Adamas Trust ( ADAM ) Q3 net income attributable to common stockholders is $32.7 mln

* Company reports Q3 EPS of $0.36

* Adamas Trust ( ADAM ) increases common stock dividend to $0.23 per share

Outlook

* Adamas Trust ( ADAM ) did not provide specific financial guidance for future quarters in the press release

Result Drivers

* INVESTMENT ACTIVITY - Acquired $1.8 bln in Agency investments and $525.7 mln in residential loans, boosting investment portfolio

* STRATEGIC ACQUISITION - Acquired remaining 50% interest in Constructive Loans, LLC, enhancing loan origination capabilities

* FINANCING ACTIVITIES - Issued $115 mln in senior notes and completed securitizations, generating $619.2 mln in net proceeds

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.36

Q3 Net $36.58

Interest mln

Income

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 "hold"

* Wall Street's median 12-month price target for Adamas Trust Inc ( ADAM ) is $7.50, about 8.7% above its October 28 closing price of $6.85

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)