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

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

Agree Realty Price Performance

Shares of ADC opened at $71.28 on Wednesday. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 2.87 and a beta of 0.65. The stock has a 50 day moving average of $71.97 and a 200-day moving average of $73.45. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. Agree Realty has a 52 week low of $54.28 and a 52 week high of $78.39.

Agree Realty (NYSE:ADC) last issued its 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, analysts forecast that Agree Realty will post 4.13 EPS for the current year.

Agree Realty Dividend Announcement

The business also recently declared 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. This represents a dividend yield of 4.2%. The ex-dividend date is Friday, February 28th. Agree Realty’s dividend payout ratio (DPR) is 167.96%.

Analysts Set New Price Targets

ADC has been the topic of several recent research reports. UBS Group raised Agree Realty from a “neutral” rating to a “buy” rating and raised their price target for the stock from $79.00 to $84.00 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Agree Realty in a report on Wednesday, December 11th. They issued a “buy” rating and a $88.00 price target on the stock. JMP Securities downgraded Agree Realty from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 17th. StockNews.com downgraded Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Wells Fargo & Company cut their target price on Agree Realty from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.