Agree Realty (NYSE:ADC) Releases Earnings Results, Beats Expectations By $0.61 EPS

Agree Realty (NYSE:ADC - Get Free Report) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.61, Zacks reports. Agree Realty had a return on equity of 3.77% and a net margin of 31.62%. Agree Realty updated its FY 2025 guidance to 4.260-4.300 EPS.

Agree Realty Stock Performance

ADC stock traded down $0.85 during trading on Friday, reaching $70.98. 738,394 shares of the company's stock were exchanged, compared to its average volume of 717,054. 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 $71.71 and its 200-day moving average price is $73.49. The firm has a market cap of $7.35 billion, a PE ratio of 39.21, a P/E/G ratio of 2.87 and a beta of 0.65.

Agree Realty Dividend Announcement

The firm also recently declared a feb 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.253 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 4.2%. Agree Realty's dividend payout ratio (DPR) is presently 167.96%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ADC shares. BTIG Research lifted their price objective on Agree Realty from $74.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Mizuho lowered their price target on Agree Realty from $80.00 to $74.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus lowered their price target on Agree Realty from $81.50 to $81.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. UBS Group upgraded Agree Realty from a "neutral" rating to a "buy" rating and boosted their price target for the company from $79.00 to $84.00 in a report on Monday, January 6th. Finally, Truist Financial boosted their price target on Agree Realty from $77.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Agree Realty currently has a consensus rating of "Moderate Buy" and an average price target of $79.62.

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.