Agree Realty (ADC) Projected to Post Earnings on Tuesday

Agree Realty (NYSE:ADC) is expected to post its quarterly earnings results after the market closes on Tuesday, April 22nd. Analysts expect Agree Realty to post earnings of $1.05 per share and revenue of $167.77 million for the quarter. Agree Realty has set its FY 2025 guidance at 4.260-4.300 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Agree Realty (NYSE:ADC) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.61. Agree Realty had a return on equity of 3.70% and a net margin of 30.66%. On average, analysts expect Agree Realty to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Agree Realty Price Performance

ADC opened at $76.65 on Tuesday. The firm’s fifty day moving average price is $74.21 and its two-hundred day moving average price is $73.82. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 43.06, a P/E/G ratio of 2.88 and a beta of 0.55. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.78 and a quick ratio of 0.78. Agree Realty has a 1 year low of $54.78 and a 1 year high of $78.39.

Agree Realty Increases Dividend

The company also recently announced a apr 25 dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.256 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a dividend yield of 4.1%. This is a boost from Agree Realty’s previous apr 25 dividend of $0.25. Agree Realty’s dividend payout ratio (DPR) is currently 170.22%.

Analyst Ratings Changes

A number of analysts recently commented on ADC shares. Royal Bank of Canada dropped their price target on Agree Realty from $79.00 to $78.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. StockNews.com upgraded shares of Agree Realty from a “sell” rating to a “hold” rating in a research report on Sunday, February 16th. Citizens Jmp lowered shares of Agree Realty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Stifel Nicolaus dropped their price objective on shares of Agree Realty from $81.50 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, Wells Fargo & Company boosted their price objective on Agree Realty from $78.00 to $81.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Agree Realty currently has an average rating of “Moderate Buy” and a consensus price target of $80.38.

About Agree Realty

Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated a portfolio of 2,135 properties, located in 49 states and containing approximately 44.2 million square feet of gross leasable area.