Agree Realty (NYSE:ADC) Releases 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 (EPS) guidance of 4.270-4.300 for the period, compared to the consensus estimate of 4.230. The company issued revenue guidance of -.

Agree Realty Trading Down 1.3 %

Shares of ADC stock traded down $0.96 during mid-day trading on Friday, hitting $75.33. The company's stock had a trading volume of 621,297 shares, compared to its average volume of 1,002,796. The company has a market cap of $8.09 billion, a PE ratio of 42.34, a P/E/G ratio of 2.88 and a beta of 0.55. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 0.78. The company's fifty day simple moving average is $75.17 and its 200-day simple moving average is $74.01. Agree Realty has a 52 week low of $57.02 and a 52 week high of $79.65.

Agree Realty (NYSE:ADC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.01. The firm had revenue of $169.16 million for the quarter, compared to analyst estimates of $167.77 million. Agree Realty had a return on equity of 3.70% and a net margin of 30.66%. During the same period in the previous year, the firm earned $0.43 earnings per share. As a group, equities research analysts expect that Agree Realty will post 4.27 earnings per share for the current fiscal year.

Agree Realty Increases Dividend

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

Wall Street Analyst Weigh In

ADC has been the subject of several research reports. UBS Group upgraded Agree Realty from a "neutral" rating to a "buy" rating and raised their target price for the company from $79.00 to $84.00 in a research note on Monday, January 6th. Barclays upgraded Agree Realty from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $74.00 to $75.00 in a report on Tuesday, March 4th. Royal Bank of Canada reduced their price target on shares of Agree Realty from $79.00 to $78.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Mizuho upped their price objective on shares of Agree Realty from $74.00 to $81.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Finally, StockNews.com upgraded shares of Agree Realty from a "sell" rating to a "hold" rating in a report on Sunday, February 16th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.88.

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.