Agree Realty (ADC) to Release Earnings on Tuesday

Agree Realty (NYSE:ADC) is anticipated to announce its earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $159.14 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Agree Realty Stock Up 0.3 %

ADC opened at $72.76 on Tuesday. Agree Realty has a fifty-two week low of $54.28 and a fifty-two week high of $78.39. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.66 and a quick ratio of 0.66. The firm’s fifty day moving average price is $72.45 and its two-hundred day moving average price is $73.20. The company has a market capitalization of $7.53 billion, a P/E ratio of 40.20, a P/E/G ratio of 2.56 and a beta of 0.65.

Agree Realty Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.253 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Friday, January 31st. Agree Realty’s dividend payout ratio is currently 167.96%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ADC. Truist Financial raised their price objective on shares of Agree Realty from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citizens Jmp lowered shares of Agree Realty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 17th. Barclays initiated coverage on shares of Agree Realty in a research note on Tuesday, December 17th. They issued an “underweight” rating and a $76.00 price target on the stock. Mizuho cut their price objective on Agree Realty from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, BTIG Research increased their target price on Agree Realty from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.07.

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.