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

Agree Realty (NYSE:ADC) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 4.260-4.300 for the period, compared to the consensus EPS estimate of 4.250. The company issued revenue guidance of -.

Agree Realty Trading Down 0.3 %

ADC traded down $0.24 during midday trading on Tuesday, hitting $72.58. 1,051,465 shares of the company were exchanged, compared to its average volume of 855,398. The firm’s 50 day moving average price is $71.97 and its 200-day moving average price is $73.45. Agree Realty has a 1-year low of $54.28 and a 1-year high of $78.39. The firm has a market capitalization of $7.51 billion, a P/E ratio of 40.10, a P/E/G ratio of 2.87 and a beta of 0.65. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.52.

Agree Realty (NYSE:ADC) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.61. Agree Realty had a return on equity of 3.77% and a net margin of 31.62%. As a group, equities analysts forecast that Agree Realty will post 4.13 EPS for the current fiscal year.

Agree Realty Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have weighed in on ADC. Wells Fargo & Company decreased their price target on Agree Realty from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Barclays lowered their target price on Agree Realty from $76.00 to $74.00 and set an “underweight” rating for the company in a report on Tuesday, February 4th. JMP Securities cut Agree Realty from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 17th. Citizens Jmp lowered shares of Agree Realty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Agree Realty in a research note on Wednesday, December 11th. They set a “buy” rating and a $88.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Agree Realty presently has a consensus 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.