Agree Realty (NYSE:ADC) Releases Quarterly Earnings Results, Beats Expectations By $0.61 EPS

Agree Realty (NYSE:ADC) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.61, Zacks reports. Agree Realty had a return on equity of 3.77% and a net margin of 31.62%. Agree Realty updated its FY 2025 guidance to 4.260-4.300 EPS.

Agree Realty Trading Down 0.3 %

Shares of ADC stock opened at $72.58 on Wednesday. Agree Realty has a 1 year low of $54.28 and a 1 year high of $78.39. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.66 and a quick ratio of 0.66. The stock’s 50 day simple moving average is $71.97 and its two-hundred day simple moving average is $73.45. The company has a market cap of $7.51 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 2.87 and a beta of 0.65.

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 given a $0.253 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 4.2%. Agree Realty’s dividend payout ratio is currently 167.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ADC shares. Deutsche Bank Aktiengesellschaft began coverage on Agree Realty in a research report on Wednesday, December 11th. They set a “buy” rating and a $88.00 price target on the stock. Wells Fargo & Company decreased their price objective on Agree Realty from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. JMP Securities lowered Agree Realty from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 17th. Stifel Nicolaus decreased their target price on Agree Realty from $81.50 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Finally, Citizens Jmp lowered Agree Realty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.93.

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.