Agree Realty Corporation to Issue Quarterly Dividend of $0.27 (NYSE:ADC)

Agree Realty Corporation (NYSE:ADC) declared a quarterly dividend on Monday, June 8th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.267 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, June 30th.

Agree Realty has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Agree Realty has a payout ratio of 162.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Agree Realty to earn $4.67 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 68.5%.

Agree Realty Stock Performance

Shares of ADC stock opened at $73.31 on Tuesday. The stock has a market capitalization of $8.80 billion, a PE ratio of 39.62, a price-to-earnings-growth ratio of 2.47 and a beta of 0.48. Agree Realty has a 52-week low of $69.56 and a 52-week high of $82.08. The stock’s 50-day moving average price is $75.95 and its 200 day moving average price is $75.24. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61.

Agree Realty (NYSE:ADC) last announced its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The company had revenue of $211.49 million for the quarter, compared to analyst estimates of $195.73 million. During the same quarter in the previous year, the company earned $0.42 EPS. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. As a group, equities research analysts forecast that Agree Realty will post 4.44 EPS for the current year.

About Agree Realty

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.