Agree Realty (NYSE:ADC) Issues FY 2025 Earnings Guidance

Agree Realty (NYSE:ADC - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 4.260-4.300 for the period, compared to the consensus earnings per share estimate of 4.250. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ADC. StockNews.com cut Agree Realty from a "hold" rating to a "sell" rating in a research note on Saturday, February 8th. Barclays dropped 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, February 4th. Royal Bank of Canada lowered their target price on Agree Realty from $79.00 to $78.00 and set an "outperform" rating on the stock in a research note on Thursday. JMP Securities cut shares of Agree Realty from an "outperform" rating to a "market perform" rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company dropped their price target on Agree Realty from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.62.

Agree Realty Price Performance

NYSE:ADC traded down $0.85 during trading hours on Friday, hitting $70.98. 738,394 shares of the company's stock traded hands, compared to its average volume of 717,054. Agree Realty has a 52 week low of $54.28 and a 52 week high of $78.39. The business's fifty day simple moving average is $71.71 and its two-hundred day simple moving average is $73.49. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.52. The firm has a market cap of $7.35 billion, a P/E ratio of 39.21, a P/E/G ratio of 2.87 and a beta of 0.65.

Agree Realty (NYSE:ADC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.61. Agree Realty had a return on equity of 3.77% and a net margin of 31.62%. On average, research analysts anticipate that Agree Realty will post 4.13 earnings per share for the current fiscal year.

Agree Realty Announces Dividend

The business also recently declared a feb 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.253 dividend. This represents a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, February 28th. Agree Realty's payout ratio is 167.96%.

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.