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

Agree Realty (NYSE:ADC - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. 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 -.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ADC shares. Wells Fargo & Company lifted their target price on Agree Realty from $78.00 to $81.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Stifel Nicolaus upped their target price on Agree Realty from $81.00 to $82.50 and gave the company a "buy" rating in a report on Wednesday. Robert W. Baird increased their target price on shares of Agree Realty from $76.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday. StockNews.com lowered shares of Agree Realty from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Royal Bank of Canada decreased their price objective 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. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $80.88.

Agree Realty Stock Down 0.8 %

Shares of NYSE:ADC traded down $0.63 during trading on Friday, reaching $75.66. 1,732,967 shares of the stock were exchanged, compared to its average volume of 1,008,573. The stock has a fifty day moving average of $75.26 and a two-hundred day moving average of $74.03. Agree Realty has a 1-year low of $57.02 and a 1-year high of $79.65. 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 firm has a market cap of $8.32 billion, a price-to-earnings ratio of 42.51, a price-to-earnings-growth ratio of 2.88 and a beta of 0.55.

Agree Realty (NYSE:ADC - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 30.66% and a return on equity of 3.70%. During the same period last year, the firm earned $0.43 earnings per share. Research analysts anticipate that Agree Realty will post 4.27 earnings per share for the current fiscal year.

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 paid a $0.256 dividend. 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 dividend payout ratio is 173.45%.

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.