Agree Realty (NYSE:ADC – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 22nd. Analysts expect Agree Realty to post earnings of $1.03 per share for the quarter. Agree Realty has set its FY24 guidance at $4.11-4.14 EPS and its FY 2024 guidance at 4.110-4.140 EPS.Persons interested in participating in the company’s conference call can do so using this link.
Agree Realty (NYSE:ADC – Get Free Report) last announced its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.51). Agree Realty had a return on equity of 3.72% and a net margin of 32.08%. The business had revenue of $152.58 million for the quarter, compared to analysts’ expectations of $150.35 million. During the same quarter last year, the business posted $0.98 earnings per share. The business’s revenue was up 17.5% on a year-over-year basis. 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 Stock Down 0.4 %
ADC stock opened at $75.58 on Monday. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 44.46, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61. The company has a fifty day moving average price of $74.17 and a 200 day moving average price of $66.08. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.79 and a quick ratio of 0.79. Agree Realty has a 12 month low of $52.69 and a 12 month high of $77.30.
Agree Realty Increases Dividend
Analyst Ratings Changes
ADC has been the topic of a number of recent research reports. KeyCorp boosted their target price on Agree Realty from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 4th. UBS Group boosted their price objective on shares of Agree Realty from $72.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. BTIG Research raised their target price on shares of Agree Realty from $65.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Raymond James boosted their price target on shares of Agree Realty from $70.00 to $81.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada increased their price target on shares of Agree Realty from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Agree Realty has a consensus rating of “Moderate Buy” and a consensus target price of $73.04.
View Our Latest Stock Report on ADC
Agree Realty Company Profile
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.
Featured Articles
- Five stocks we like better than Agree Realty
- High Flyers: 3 Natural Gas Stocks for March 2022
- Is Spotify Stock Poised to Soar? Options Traders Think So
- With Risk Tolerance, One Size Does Not Fit All
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- P/E Ratio Calculation: How to Assess Stocks
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
Receive News & Ratings for Agree Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agree Realty and related companies with MarketBeat.com's FREE daily email newsletter.