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

Key Points

• Agree Realty has issued FY 2025 earnings guidance with EPS estimates between 4.290 and 4.320, surpassing the consensus estimate of 4.249.
• The company announced a monthly dividend of $0.256 per share, which reflects an annualized dividend yield of 4.3% and a payout ratio of 173.45%.
• Analysts have mixed opinions on the stock, with a consensus rating of "Moderate Buy" and a price target averaging around $80.32 following various adjustments from prominent financial institutions.

Agree Realty (NYSE:ADC - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 4.290-4.320 for the period, compared to the consensus EPS estimate of 4.249. The company issued revenue guidance of -.

Agree Realty Stock Performance

Shares of NYSE:ADC traded down $1.03 on Thursday, reaching $71.61. The company's stock had a trading volume of 963,687 shares, compared to its average volume of 1,202,947. The stock's 50-day moving average is $73.64 and its two-hundred day moving average is $74.13. Agree Realty has a 52-week low of $67.58 and a 52-week high of $79.65. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $7.88 billion, a P/E ratio of 40.46, a PEG ratio of 2.38 and a beta of 0.54.

Agree Realty Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be issued a $0.256 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, July 31st. Agree Realty's dividend payout ratio is presently 173.45%.

Wall Street Analyst Weigh In

ADC has been the subject of a number of research reports. Mizuho reduced their target price on shares of Agree Realty from $81.00 to $78.00 and set a "neutral" rating for the company in a report on Monday, June 16th. UBS Group set a $80.00 price target on shares of Agree Realty and gave the stock a "buy" rating in a report on Wednesday, July 16th. Morgan Stanley cut shares of Agree Realty from an "overweight" rating to an "equal weight" rating and set a $75.00 price target for the company. in a report on Friday, July 11th. BTIG Research cut shares of Agree Realty from a "buy" rating to a "neutral" rating in a report on Wednesday, May 7th. Finally, Robert W. Baird increased their price target on shares of Agree Realty from $76.00 to $80.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $80.32.

Institutional Trading of Agree Realty

An institutional investor recently raised its position in Agree Realty stock. Jane Street Group LLC lifted its position in shares of Agree Realty Corporation (NYSE:ADC - Free Report) by 268.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 27,365 shares of the real estate investment trust's stock after buying an additional 19,948 shares during the period. Jane Street Group LLC's holdings in Agree Realty were worth $2,112,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 97.83% of the company's stock.

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.

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