Agree Realty Corporation (ADC) is currently priced at $76.54, showing a positive price change of 56 cents (0.737%) from the previous close of $76. The trading volume stands at $218,025, indicating a 17.31% increase relative to the average.
ADC's latest quarterly earnings report, released on Monday, April 20th, revealed a consensus estimate EPS of 0.4789.
The company offers a forward dividend yield of 1.41%, with a dividend per share MRQ of 26.2 cents. The year-over-year dividend per share change is -6.0333 cents, while the trailing twelve months dividend per share is $3.12.
Citigroup maintained a Neutral rating for ADC on April 24, with the price at $77.14. The current action recommendation is to hold the stock.
ADC reported a net change in cash of $10.58 million, with operating cash flow at $145.16 million. Notably, the company repurchased common stock worth $6 million.
The company generated revenue of $200.81 million, resulting in a gross profit of $175.90 million. ADC reported a net income of $62.23 million, translating to an EPS and EPS diluted of 50 cents. The net profit margin stands at 31%.
Key ratios for ADC include a gross profit margin of 87.6%, return on equity of 1, and a price to earnings ratio of 36.3.
ADC's total assets amount to $10.18 billion, with total liabilities at $3.95 billion. The company holds $25 million in cash and cash equivalents.
This comprehensive analysis showcases ADC's positive performance indicators and financial stability in the current trading session.
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 September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol ADC.