Agree Realty (ADC) Projected to Post Quarterly Earnings on Tuesday

Agree Realty (NYSE:ADC) is anticipated 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.Investors interested in listening to the company’s conference call can do so using this link.

Agree Realty (NYSE:ADC) last issued its 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 net margin of 30.66% and a return on equity of 3.70%. 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 Performance

Shares of ADC opened at $78.99 on Friday. The company has a market cap of $8.48 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 2.88 and a beta of 0.55. The firm has a 50-day moving average of $74.65 and a 200-day moving average of $73.91. Agree Realty has a one year low of $56.32 and a one year high of $79.61. 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 Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.256 per share. The ex-dividend date is Wednesday, April 30th. This represents a 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 presently 172.47%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ADC. Royal Bank of Canada cut their price objective on Agree Realty from $79.00 to $78.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company lifted their price objective on shares of Agree Realty from $78.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Mizuho increased their price objective on shares of Agree Realty from $74.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Barclays upgraded shares of Agree Realty from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $74.00 to $75.00 in a research note on Tuesday, March 4th. Finally, StockNews.com upgraded shares of Agree Realty from a “sell” rating to a “hold” rating in a research note on Sunday, February 16th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from 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.