Agree Realty (ADC) to Release Quarterly Earnings on Tuesday

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

Agree Realty Price Performance

Shares of Agree Realty stock opened at $72.92 on Monday. The business has a 50 day simple moving average of $72.03 and a two-hundred day simple moving average of $73.42. 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 stock has a market capitalization of $7.55 billion, a P/E ratio of 40.29, a PEG ratio of 2.87 and a beta of 0.65. Agree Realty has a 12 month low of $54.28 and a 12 month high of $78.39.

Agree Realty Dividend Announcement

The business also recently announced a feb 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.253 per share. This represents a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, February 28th. Agree Realty’s dividend payout ratio is currently 167.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ADC shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Agree Realty in a report on Wednesday, December 11th. They set a “buy” rating and a $88.00 price target for the company. Mizuho dropped their target price on shares of Agree Realty from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Evercore ISI began coverage on Agree Realty in a research note on Thursday, December 12th. They set an “outperform” rating and a $82.00 price target on the stock. Robert W. Baird raised their price target on Agree Realty from $67.00 to $76.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Finally, Stifel Nicolaus cut their price objective on Agree Realty from $81.50 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.93.

Agree Realty Company Profile

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.