Agree Realty Co. (NYSE:ADC) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 23rd. Analysts expect the company to announce earnings of $0.40 per share for the quarter.

Agree Realty (NYSE:ADC) last released its earnings results on Monday, July 24th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.17. The firm had revenue of $28.10 million for the quarter, compared to the consensus estimate of $27.66 million. Agree Realty had a net margin of 53.66% and a return on equity of 8.07%. The company’s revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. On average, analysts expect Agree Realty to post $1.93 EPS for the current fiscal year and $1.61 EPS for the next fiscal year.

Shares of Agree Realty Co. (ADC) opened at 49.52 on Friday. The stock has a market capitalization of $1.41 billion, a P/E ratio of 22.28 and a beta of 0.57. The stock has a 50 day moving average of $49.96 and a 200-day moving average of $48.33. Agree Realty Co. has a 52-week low of $41.01 and a 52-week high of $51.50.

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a $0.505 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.02 annualized dividend and a yield of 4.08%. Agree Realty’s dividend payout ratio (DPR) is presently 90.58%.

Several research firms have issued reports on ADC. BidaskClub upgraded Agree Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Canaccord Genuity reiterated a “buy” rating and issued a $53.00 target price on shares of Agree Realty in a research note on Monday, July 24th. FBR & Co reiterated a “buy” rating and issued a $58.00 target price (up previously from $56.00) on shares of Agree Realty in a research note on Monday, September 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $54.00 target price on shares of Agree Realty in a research note on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded Agree Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $51.71.

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Agree Realty Company Profile

Agree Realty Corporation (Agree Realty) is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The Company operates through Agree Limited Partnership (the Operating Partnership). As of December 31, 2016, its portfolio consisted of 366 properties located in 43 states and totaling approximately seven million square feet of gross leasable area (GLA).

Earnings History for Agree Realty (NYSE:ADC)

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