Agree Realty (ADC) to Release Earnings on Tuesday

by · The Cerbat Gem

Agree Realty (NYSE:ADC – Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $1.05 per share and revenue of $167.77 million for the quarter. Agree Realty has set its FY 2025 guidance at 4.260-4.300 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Agree Realty (NYSE:ADC – Get Free Report) last released its 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 3.70% and a net margin of 30.66%. On average, analysts expect Agree Realty to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Agree Realty Price Performance

Shares of NYSE ADC opened at $78.99 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 44.38, a price-to-earnings-growth ratio of 2.88 and a beta of 0.55. The stock’s 50-day moving average is $74.65 and its two-hundred day moving average is $73.90. Agree Realty has a 1-year low of $56.32 and a 1-year high of $79.61.

Agree Realty Increases Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.256 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This is an increase from Agree Realty’s previous apr 25 dividend of $0.25. This represents a dividend yield of 4.1%. Agree Realty’s payout ratio is currently 172.47%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ADC. UBS Group upgraded shares of Agree Realty from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $79.00 to $84.00 in a report on Monday, January 6th. Royal Bank of Canada lowered their target price on shares of Agree Realty from $79.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Barclays upgraded Agree Realty from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $74.00 to $75.00 in a research note on Tuesday, March 4th. Wells Fargo & Company upped their price objective on Agree Realty from $78.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Finally, Stifel Nicolaus cut their target price on Agree Realty from $81.50 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Agree Realty currently has an average rating of “Moderate Buy” and a consensus target price of $80.38.

Read Our Latest Report on Agree Realty

About Agree Realty

(Get Free Report)

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.

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