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

Agree Realty (NYSE:ADC) issued an update on its FY 2025 earnings guidance on Tuesday morning. 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 -.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ADC shares. UBS Group upgraded shares of Agree Realty from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $79.00 to $84.00 in a research note on Monday, January 6th. Barclays lowered their target price on shares of Agree Realty from $76.00 to $74.00 and set an “underweight” rating on the stock in a report on Tuesday, February 4th. Evercore ISI began coverage on Agree Realty in a report on Thursday, December 12th. They issued an “outperform” rating and a $82.00 price target for the company. Citizens Jmp lowered Agree Realty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, Mizuho cut their target price on Agree Realty from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.93.

Agree Realty Price Performance

NYSE ADC traded down $0.24 during trading on Tuesday, hitting $72.58. 1,051,465 shares of the stock traded hands, compared to its average volume of 855,398. 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 has a 12-month low of $54.28 and a 12-month high of $78.39. The firm has a 50-day simple moving average of $71.97 and a 200-day simple moving average of $73.45. The company has a market capitalization of $7.51 billion, a P/E ratio of 40.10, a price-to-earnings-growth ratio of 2.87 and a beta of 0.65.

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

Agree Realty Dividend Announcement

The firm also recently announced a feb 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid 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 payout ratio is 167.96%.

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.