Agree Realty (ADC) Scheduled to Post Quarterly Earnings on Monday

Agree Realty (NYSE:ADC) will issue its quarterly earnings data after the market closes on Monday, July 22nd. Analysts expect the company to announce earnings of $0.75 per share for the quarter.

Agree Realty (NYSE:ADC) last released its quarterly earnings data on Monday, April 22nd. The real estate investment trust reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.26). Agree Realty had a return on equity of 5.33% and a net margin of 38.49%. The firm had revenue of $42.35 million during the quarter, compared to analyst estimates of $43.77 million. On average, analysts expect Agree Realty to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of ADC stock opened at $63.16 on Friday. Agree Realty has a 12 month low of $50.72 and a 12 month high of $70.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75. The company’s 50 day moving average is $65.88. The firm has a market capitalization of $2.60 billion, a P/E ratio of 22.16, a PEG ratio of 3.64 and a beta of 0.08.

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, June 27th. This is an increase from Agree Realty’s previous quarterly dividend of $0.56. Agree Realty’s dividend payout ratio (DPR) is 80.00%.

In other Agree Realty news, Director Farris G. Kalil sold 1,034 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $63.70, for a total transaction of $65,865.80. Following the transaction, the director now owns 8,000 shares in the company, valued at $509,600. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Rakolta, Jr. purchased 6,801 shares of the stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $66.19 per share, for a total transaction of $450,158.19. Following the acquisition, the director now owns 206,088 shares of the company’s stock, valued at $13,640,964.72. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 17,601 shares of company stock worth $1,145,935. Corporate insiders own 3.10% of the company’s stock.

Agree Realty Company Profile

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of March 31, 2019, the Company owned and operated a portfolio of 694 properties, located in 46 states and containing approximately 11.9 million square feet of gross leasable space.

Further Reading: How Investors Use a Balance Sheet

Earnings History for Agree Realty (NYSE:ADC)

Receive News & Ratings for Agree Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agree Realty and related companies with's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit