Agree Realty Corp. Announces Quarterly Dividend of $0.41 (ADC)
Agree Realty Corp. (NYSE:ADC) announced a quarterly dividend on Tuesday, September 10th, Analyst Ratings Network reports. Investors of record on Monday, September 30th will be paid a dividend of $0.41 per share on Tuesday, October 8th. This represents a $1.64 annualized dividend and a dividend yield of 5.97%.
A number of analysts have recently weighed in on ADC shares. Analysts at Janney Montgomery Scott initiated coverage on shares of Agree Realty Corp. (NYSE:ADC) in a research note to investors on Tuesday. They set a “buy” rating on the stock. On the ratings front, analysts at Ladenburg Thalmann raised their price target on shares of Agree Realty Corp. (NYSE:ADC) from $33.00 to $34.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Agree Realty Corp. (NYSE:ADC) from $31.00 to $34.00 in a research note to investors on Thursday, August 1st. They now have a “market perform” rating on the stock.
Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $33.60.
Agree Realty Corp. (NYSE:ADC) opened at 27.45 on Wednesday. Agree Realty Corp. has a one year low of $24.75 and a one year high of $34.25. The stock has a 50-day moving average of $28.82 and a 200-day moving average of $29.89. The company has a market cap of $356.4 million and a P/E ratio of 18.34.
Agree Realty Corp. (NYSE:ADC) last released its earnings data on Monday, July 29th. The company reported $0.51 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.51. On average, analysts predict that Agree Realty Corp. will post $2.09 earnings per share for the current fiscal year.
Agree Realty Corporation is a self-administered and self-managed real estate investment trust (NYSE:ADC).
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