Agree Realty (NYSE:ADC) Updates FY 2025 Earnings Guidance

Agree Realty (NYSE:ADC) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 4.260-4.300 for the period, compared to the consensus EPS estimate of 4.250. The company issued revenue guidance of -.

Agree Realty Price Performance

Shares of NYSE ADC opened at $71.27 on Thursday. The firm has a market capitalization of $7.38 billion, a P/E ratio of 39.38, a P/E/G ratio of 2.87 and a beta of 0.65. The firm’s 50-day moving average price is $71.85 and its 200-day moving average price is $73.46. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. Agree Realty has a 1-year low of $54.28 and a 1-year high of $78.39.

Agree Realty (NYSE:ADC) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.61. Agree Realty had a return on equity of 3.77% and a net margin of 31.62%. Equities research analysts anticipate that Agree Realty will post 4.13 earnings per share for the current fiscal year.

Agree Realty Announces Dividend

The company also recently announced a feb 25 dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.253 dividend. This represents a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, February 28th. Agree Realty’s dividend payout ratio is currently 167.96%.

Analysts Set New Price Targets

Several research firms have weighed in on ADC. Citizens Jmp downgraded shares of Agree Realty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 17th. Mizuho dropped their price target on shares of Agree Realty from $80.00 to $74.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI started coverage on Agree Realty in a report on Thursday, December 12th. They set an “outperform” rating and a $82.00 price objective for the company. Robert W. Baird increased their price objective on Agree Realty from $67.00 to $76.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, JMP Securities cut Agree Realty from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Agree Realty presently has an average rating of “Moderate Buy” and a consensus price target of $78.93.

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.