Agree Realty (NYSE:ADC) Issues 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 Stock Down 2.1 %

NYSE ADC opened at $71.28 on Wednesday. Agree Realty has a 52 week low of $54.28 and a 52 week high of $78.39. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.52. The business’s fifty day simple moving average is $71.97 and its 200-day simple moving average is $73.45. The firm has a market cap of $7.38 billion, a PE ratio of 39.35, a P/E/G ratio of 2.87 and a beta of 0.65.

Agree Realty (NYSE:ADC) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.04 EPS for the quarter, topping the consensus estimate 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 anticipate that Agree Realty will post 4.13 earnings per share for the current year.

Agree Realty Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADC. Citizens Jmp lowered shares of Agree Realty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 17th. Truist Financial lifted their target price on Agree Realty from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft began coverage on Agree Realty in a report on Wednesday, December 11th. They issued a “buy” rating and a $88.00 price target for the company. JMP Securities downgraded Agree Realty from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 17th. Finally, UBS Group raised Agree Realty from a “neutral” rating to a “buy” rating and upped their price target for the company from $79.00 to $84.00 in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven 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 an average price target 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.