Agree Realty (NYSE:ADC) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Agree Realty (NYSE:ADC) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03, FiscalAI reports. Agree Realty had a net margin of 28.44% and a return on equity of 3.79%. The business had revenue of $211.49 million during the quarter, compared to analyst estimates of $195.73 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. Agree Realty updated its FY 2026 guidance to 4.540-4.580 EPS.

Agree Realty Stock Performance

Shares of ADC opened at $78.97 on Wednesday. The firm has a 50-day moving average price of $78.17 and a 200 day moving average price of $74.80. The firm has a market capitalization of $9.48 billion, a PE ratio of 44.61, a P/E/G ratio of 2.68 and a beta of 0.53. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.54. Agree Realty has a 52-week low of $69.56 and a 52-week high of $82.08.

Agree Realty Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 30th will be given a $0.267 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 4.1%. This is a boost from Agree Realty’s previous monthly dividend of $0.26. Agree Realty’s payout ratio is currently 180.79%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen lowered Agree Realty from a “hold” rating to a “sell” rating in a research report on Saturday. Morgan Stanley set a $81.00 price objective on shares of Agree Realty in a research note on Tuesday. Stifel Nicolaus increased their target price on shares of Agree Realty from $83.50 to $84.50 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Raymond James Financial increased their target price on shares of Agree Realty from $84.00 to $90.00 and gave the company a “strong-buy” rating in a research report on Tuesday, March 17th. Finally, Royal Bank Of Canada increased their target price on shares of Agree Realty from $79.00 to $81.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Agree Realty has an average rating of “Moderate Buy” and a consensus price target of $84.27.

Hedge Funds Weigh In On Agree Realty

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wiser Advisor Group LLC bought a new position in shares of Agree Realty during the 3rd quarter valued at about $32,000. Transamerica Financial Advisors LLC boosted its position in shares of Agree Realty by 214.4% during the 4th quarter. Transamerica Financial Advisors LLC now owns 547 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 373 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Agree Realty by 158.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 580 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 356 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Agree Realty during the 3rd quarter valued at about $59,000. Finally, Danske Bank A S bought a new position in shares of Agree Realty during the 3rd quarter valued at about $64,000. Institutional investors own 97.83% of the company’s stock.

Agree Realty Company Profile

Agree Realty Corporation (NYSE: ADC) is a publicly traded real estate investment trust headquartered in Chicago, Illinois. Founded in 1971, the company converted to a REIT structure in 2013 and focuses on acquiring, developing and managing a diversified portfolio of retail properties under long-term, triple-net (NNN) leases. Its tenant roster spans national and regional retailers in sectors such as grocery, home improvement, convenience and specialty retail.

Agree Realty’s primary business activities include sourcing and underwriting new property acquisitions, originating build-to-suit projects and executing value-add redevelopment programs.