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

Agree Realty (NYSE:ADC) announced its earnings results on Tuesday. The real estate investment trust reported $1.04 earnings per share for the quarter, beating 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 Performance

ADC stock traded down $0.24 during trading on Tuesday, reaching $72.58. 1,051,465 shares of the company’s stock were exchanged, compared to its average volume of 855,398. The firm has a market cap of $7.51 billion, a PE ratio of 40.10, a P/E/G ratio of 2.87 and a beta of 0.65. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.52. Agree Realty has a 1-year low of $54.28 and a 1-year high of $78.39. The company’s fifty day moving average price is $71.97 and its 200-day moving average price is $73.45.

Agree Realty Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ADC. UBS Group upgraded shares of Agree Realty from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $79.00 to $84.00 in a research note on Monday, January 6th. Wells Fargo & Company dropped their target price on shares of Agree Realty from $80.00 to $79.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. BTIG Research increased their price target on shares of Agree Realty from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. StockNews.com lowered Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday. Finally, JMP Securities lowered Agree Realty from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.