Agree Realty (ADC) to Release Quarterly Earnings on Thursday

Agree Realty (NYSE:ADC - Get Free Report) is expected to release its Q2 2025 earnings data after the market closes on Thursday, July 31st. Analysts expect Agree Realty to post earnings of $1.05 per share and revenue of $173.95 million for the quarter.

Agree Realty (NYSE:ADC - Get Free Report) last released its earnings results on Tuesday, April 22nd. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.01. The business had revenue of $169.16 million for the quarter, compared to the consensus estimate of $167.77 million. Agree Realty had a net margin of 30.05% and a return on equity of 3.66%. During the same period last year, the firm posted $0.43 earnings per share. 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 Stock Down 0.2%

Shares of ADC stock traded down $0.17 during trading on Friday, hitting $73.57. 1,391,935 shares of the company were exchanged, compared to its average volume of 1,212,985. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 41.57, a P/E/G ratio of 2.40 and a beta of 0.54. The business's 50-day simple moving average is $73.81 and its 200 day simple moving average is $74.03. Agree Realty has a twelve month low of $67.58 and a twelve month high of $79.65.

Agree Realty Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 31st will be issued a dividend of $0.256 per share. This represents a $3.07 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Thursday, July 31st. Agree Realty's dividend payout ratio is currently 173.45%.

Institutional Investors Weigh In On Agree Realty

An institutional investor recently raised its position in Agree Realty stock. Jane Street Group LLC grew its position in shares of Agree Realty Corporation (NYSE:ADC - Free Report) by 268.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,365 shares of the real estate investment trust's stock after purchasing an additional 19,948 shares during the quarter. Jane Street Group LLC's holdings in Agree Realty were worth $2,112,000 as of its most recent SEC filing. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ADC. JMP Securities reiterated a "market perform" rating on shares of Agree Realty in a research note on Monday, June 30th. Stifel Nicolaus boosted their price objective on shares of Agree Realty from $81.00 to $82.50 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. UBS Group set a $80.00 price objective on shares of Agree Realty and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Truist Financial boosted their price target on shares of Agree Realty from $77.00 to $82.00 and gave the company a "buy" rating in a report on Monday, May 5th. Finally, Mizuho lowered their target price on shares of Agree Realty from $81.00 to $78.00 and set a "neutral" rating on the stock in a report on Monday, June 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Agree Realty has a consensus rating of "Moderate Buy" and a consensus target price of $80.32.

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.