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

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

Agree Realty Stock Performance

NYSE:ADC opened at $71.27 on Thursday. 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 business has a fifty day simple moving average of $71.85 and a two-hundred day simple moving average of $73.46. The company has a market capitalization of $7.38 billion, a P/E ratio of 39.38, a P/E/G ratio of 2.87 and a beta of 0.65.

Agree Realty (NYSE:ADC) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.61. Agree Realty had a return on equity of 3.77% and a net margin of 31.62%. On average, analysts expect that Agree Realty will post 4.13 earnings per share for the current year.

Agree Realty Announces Dividend

The firm also recently declared a feb 25 dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.253 per share. This represents a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, February 28th. Agree Realty’s payout ratio is currently 167.96%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ADC shares. Evercore ISI initiated coverage on shares of Agree Realty in a research note on Thursday, December 12th. They issued an “outperform” rating and a $82.00 price objective for the company. Barclays reduced their price target on Agree Realty from $76.00 to $74.00 and set an “underweight” rating for the company in a research report on Tuesday, February 4th. UBS Group raised Agree Realty from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $79.00 to $84.00 in a report on Monday, January 6th. Mizuho reduced their target price on Agree Realty from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird upped their price target on Agree Realty from $67.00 to $76.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock 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.