Agree Realty Corporation Declares Monthly Dividend of $0.27 (NYSE:ADC)

Agree Realty Corporation (NYSE:ADC) declared a monthly dividend on Tuesday, August 11th. Stockholders of record on Monday, August 31st will be paid a dividend of 0.267 per share by the real estate investment trust on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, August 31st.

Agree Realty has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Agree Realty has a payout ratio of 162.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Agree Realty to earn $4.67 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 68.5%.

Agree Realty Stock Up 1.0%

Shares of ADC traded up $0.76 during trading hours on Wednesday, reaching $74.15. The stock had a trading volume of 100,834 shares, compared to its average volume of 1,236,046. The firm has a 50-day simple moving average of $76.70 and a 200 day simple moving average of $76.66. Agree Realty has a 12 month low of $69.56 and a 12 month high of $82.08. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 39.87, a P/E/G ratio of 2.42 and a beta of 0.47.

Agree Realty (NYSE:ADC) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The business had revenue of $216.33 million for the quarter, compared to the consensus estimate of $204.53 million. During the same quarter last year, the firm posted $1.06 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Equities research analysts predict that Agree Realty will post 4.45 earnings per share for the current fiscal year.

Agree Realty Company Profile

Agree Realty Corporation (NYSE: ADC) is a publicly traded real estate investment trust headquartered in Chicago, Illinois. Founded in 1971, the company converted to a REIT structure in 2013 and focuses on acquiring, developing and managing a diversified portfolio of retail properties under long-term, triple-net (NNN) leases. Its tenant roster spans national and regional retailers in sectors such as grocery, home improvement, convenience and specialty retail.

Agree Realty’s primary business activities include sourcing and underwriting new property acquisitions, originating build-to-suit projects and executing value-add redevelopment programs.