Agree Realty (ADC) Projected to Post Quarterly Earnings on Tuesday

Agree Realty (NYSE:ADC - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $159.14 million for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Agree Realty Trading Down 0.2 %

Shares of Agree Realty stock traded down $0.15 on Friday, reaching $72.92. 578,908 shares of the company's stock were exchanged, compared to its average volume of 853,276. The company has a market capitalization of $7.55 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 2.56 and a beta of 0.65. Agree Realty has a 52 week low of $54.28 and a 52 week high of $78.39. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 0.66. The firm's 50-day moving average is $72.10 and its two-hundred day moving average is $73.29.

Agree Realty Dividend Announcement

The business also recently announced 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 yield of 4.2%. The ex-dividend date of this dividend is Friday, February 28th. Agree Realty's dividend payout ratio is presently 167.96%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Evercore ISI initiated coverage on shares of Agree Realty in a report on Thursday, December 12th. They set an "outperform" rating and a $82.00 price objective on the stock. Barclays cut their price target on Agree Realty from $76.00 to $74.00 and set an "underweight" rating on the stock in a report on Tuesday. BTIG Research boosted their price objective on Agree Realty from $74.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. JMP Securities cut Agree Realty from an "outperform" rating to a "market perform" rating in a report on Tuesday, December 17th. Finally, StockNews.com lowered shares of Agree Realty from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently 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.