Agree Realty (NYSE:ADC) Posts Quarterly Earnings Results, Beats Expectations 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 analysts’ consensus estimates 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 Stock Performance

Shares of ADC opened at $72.58 on Wednesday. The company’s 50 day moving average price is $71.97 and its 200 day moving average price is $73.45. Agree Realty has a 52 week low of $54.28 and a 52 week high of $78.39. The company has a market capitalization of $7.51 billion, a PE 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 quick ratio of 0.66 and a current ratio of 0.66.

Agree Realty Announces Dividend

The company also recently announced a feb 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given 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 (DPR) is currently 167.96%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADC. BTIG Research lifted their price objective on Agree Realty from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI assumed coverage on Agree Realty in a report on Thursday, December 12th. They set an “outperform” rating and a $82.00 target price on the stock. Stifel Nicolaus cut their target price on Agree Realty from $81.50 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Robert W. Baird boosted their target price on Agree Realty from $67.00 to $76.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Finally, JMP Securities lowered Agree Realty from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.