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

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

Agree Realty Price Performance

Shares of ADC opened at $71.27 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 0.66. Agree Realty has a fifty-two week low of $54.28 and a fifty-two week high of $78.39. The firm has a 50-day simple moving average of $71.85 and a 200-day simple moving average of $73.46. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 2.87 and a beta of 0.65.

Agree Realty Dividend Announcement

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

Wall Street Analysts Forecast Growth

ADC has been the subject of several recent research reports. Mizuho decreased their price target on shares of Agree Realty from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $79.00 target price on shares of Agree Realty in a report on Tuesday, January 28th. JMP Securities lowered Agree Realty from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 17th. BTIG Research lifted their price objective on Agree Realty from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Citizens Jmp lowered shares of Agree Realty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Agree Realty presently has an average rating of “Moderate Buy” and a consensus target price of $78.93.

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.