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

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

Agree Realty Stock Down 0.3 %

Shares of ADC stock traded down $0.24 during trading hours on Tuesday, reaching $72.58. 1,051,451 shares of the stock were exchanged, compared to its average volume of 848,625. The business’s fifty day moving average is $72.03 and its two-hundred day moving average is $73.42. The firm has a market capitalization of $7.51 billion, a P/E ratio of 40.10, a P/E/G ratio of 2.87 and a beta of 0.65. Agree Realty has a 12-month low of $54.28 and a 12-month 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.

Agree Realty Announces Dividend

The company also recently disclosed a feb 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued 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 payout ratio is 167.96%.

Analysts Set New Price Targets

A number of analysts have weighed in on ADC shares. BTIG Research raised their price target on Agree Realty from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Citizens Jmp lowered Agree Realty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Mizuho lowered their price target on Agree Realty from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Robert W. Baird increased their price target on shares of Agree Realty from $67.00 to $76.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, JMP Securities cut shares of Agree Realty from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Agree Realty presently has a consensus rating of “Moderate Buy” and a consensus 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.