Agree Realty Corp (ADC) Plans Quarterly Dividend of $0.41
Agree Realty Corp (NYSE:ADC) announced a quarterly dividend on Tuesday, March 5th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.41 per share on Tuesday, April 9th. This represents a $1.64 annualized dividend and a dividend yield of 5.71%.
A number of analysts have recently weighed in on ADC shares. Analysts at Raymond James raised their price target on shares of Agree Realty Corp from $28.50 to $30.00 in a research note to investors on Monday. On a related note, analysts at Compass Point reiterated a “buy” rating on shares of Agree Realty Corp in a research note to investors on Monday. They now have a $32.00 price target on the stock, up previously from $31.00. Finally, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Agree Realty Corp in a research note to investors on Friday. They now have a $30.00 price target on the stock, up previously from $26.00.
Two research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and one has assigned a hold rating to the stock. Agree Realty Corp currently has an average rating of “overweight” and an average target price of $30.75.
Shares of Agree Realty Corp (ADC) traded up 0.07% during mid-day trading on Tuesday, hitting $28.74. Agree Realty Corp (ADC) has a 52 week low of $20.61 and a 52 week high of $28.96. The stock’s 50-day moving average is currently $28.34. The company has a market cap of $321.5 million and a P/E ratio of 17.62.
Agree Realty Corp last released its earnings data on Wednesday, February 27th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.51 by $0.01. The company had revenue of $9.58 million for the quarter, compared to the consensus estimate of $9.27 million. Analysts expect that Agree Realty Corp (ADC) will post $2.17 EPS for the current fiscal year.
Agree Realty Corporation is a self-administered and self-managed real estate investment trust (REIT).
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