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

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

Agree Realty Stock Down 0.3 %

Shares of ADC traded down $0.24 during midday trading on Tuesday, reaching $72.58. The stock had a trading volume of 1,051,465 shares, compared to its average volume of 855,398. Agree Realty has a 1-year low of $54.28 and a 1-year high of $78.39. The company’s fifty 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 price-to-earnings ratio of 40.10, a PEG ratio of 2.87 and a beta of 0.65. 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 Dividend Announcement

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 is Friday, February 28th. This represents a dividend yield of 4.2%. Agree Realty’s payout ratio is 167.96%.

Analyst Ratings Changes

A number of research analysts have weighed in on ADC shares. Barclays cut their price objective on shares of Agree Realty from $76.00 to $74.00 and set an “underweight” rating for the company in a report on Tuesday, February 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $79.00 price objective on shares of Agree Realty in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Agree Realty in a research report on Wednesday, December 11th. They issued a “buy” rating and a $88.00 target price on the stock. BTIG Research lifted their target price on shares of Agree Realty from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI initiated coverage on shares of Agree Realty in a research report on Thursday, December 12th. They issued an “outperform” rating and a $82.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.