Agree Realty Corp. (ADC) Declares Quarterly Dividend of $0.43
Agree Realty Corp. (NYSE:ADC) declared a quarterly dividend on Tuesday, June 3rd, Analyst Ratings Network.com reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.43 per share on Tuesday, July 8th. This represents a $1.72 dividend on an annualized basis and a yield of 5.67%.
On the ratings front, analysts at Wunderlich upgraded shares of Agree Realty Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, May 21st. They now have a $34.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Agree Realty Corp. has an average rating of “Buy” and a consensus price target of $34.40.
Shares of Agree Realty Corp. (NYSE:ADC) traded down 0.98% on Tuesday, hitting $30.32. The stock had a trading volume of 29,419 shares. Agree Realty Corp. has a one year low of $26.58 and a one year high of $33.64. The stock’s 50-day moving average is $29.97 and its 200-day moving average is $29.69. The company has a market cap of $446.0 million and a price-to-earnings ratio of 21.02.
Agree Realty Corp. (NYSE:ADC) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.53 by $0.04. The company had revenue of $11.50 million for the quarter, compared to the consensus estimate of $12.12 million. Analysts expect that Agree Realty Corp. will post $2.24 EPS 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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