Agree Realty (ADC) Expected to Announce Earnings on Tuesday

Agree Realty (NYSE:ADC - Get Free Report) is anticipated to announce its earnings results after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $1.05 per share and revenue of $167.77 million for the quarter. Agree Realty has set its FY 2025 guidance at 4.260-4.300 EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.

Agree Realty (NYSE:ADC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.61. Agree Realty had a return on equity of 3.70% and a net margin of 30.66%. On average, analysts expect Agree Realty to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Agree Realty Price Performance

NYSE ADC traded up $1.03 during trading on Friday, hitting $78.99. 1,146,070 shares of the company's stock were exchanged, compared to its average volume of 985,117. The company has a market cap of $8.48 billion, a PE ratio of 44.38, a P/E/G ratio of 2.88 and a beta of 0.55. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. Agree Realty has a fifty-two week low of $56.32 and a fifty-two week high of $79.61. The stock's 50 day moving average price is $74.65 and its two-hundred day moving average price is $73.91.

Agree Realty Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a $0.256 dividend. This is a boost from Agree Realty's previous apr 25 dividend of $0.25. The ex-dividend date is Wednesday, April 30th. This represents a dividend yield of 4.1%. Agree Realty's dividend payout ratio is presently 172.47%.

Analyst Ratings Changes

A number of analysts have weighed in on ADC shares. UBS Group raised shares of Agree Realty from a "neutral" rating to a "buy" rating and increased their target price for the company from $79.00 to $84.00 in a research report on Monday, January 6th. Wells Fargo & Company lifted their target price on shares of Agree Realty from $78.00 to $81.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Barclays raised shares of Agree Realty from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $74.00 to $75.00 in a research report on Tuesday, March 4th. StockNews.com raised Agree Realty from a "sell" rating to a "hold" rating in a research report on Sunday, February 16th. Finally, Royal Bank of Canada cut their target price on Agree Realty from $79.00 to $78.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $80.38.

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.