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

Agree Realty Corporation (NYSE:ADC) declared a monthly dividend on Tuesday, October 13th. Investors of record on Friday, October 30th will be given a dividend of $0.2710 per share by the real estate investment trust on Friday, November 13th. This represents a $3.25 annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, October 30th. This is a 1.5% increase from Agree Realty’s previous monthly dividend of $0.2670.

Agree Realty has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Agree Realty has a dividend 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 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 Trading Down 1.1%

Shares of ADC stock opened at $65.44 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 2.22 and a beta of 0.42. Agree Realty has a 52-week low of $64.43 and a 52-week high of $82.08. The company has a 50-day simple moving average of $70.78 and a two-hundred day simple moving average of $74.50.

Agree Realty (NYSE:ADC) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). The firm had revenue of $216.33 million for the quarter, compared to the consensus estimate of $204.53 million. Agree Realty had a return on equity of 3.90% and a net margin of 28.84%. Agree Realty’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 EPS. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Research analysts anticipate that Agree Realty will post 4.45 EPS for the current fiscal year.

Agree Realty Company Profile

Agree Realty Corporation is a real estate investment trust (REIT) that owns, develops, acquires and manages retail properties leased primarily under long-term, single-tenant net lease agreements. Under these arrangements, tenants generally assume responsibility for property-level expenses such as taxes, insurance and maintenance.

The company focuses on necessity-based retail properties, including locations occupied by grocery stores, home improvement retailers, discount retailers, pharmacies and other service-oriented businesses.