Agree Realty Corporation (ADC) is currently priced at $76.55, with a price change of 56.5 cents, reflecting a 0.744% increase from the previous close at $76. Trading volume stands at $229,420, showing a 18.22% 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 forward dividend yield for ADC is 1.41%, with a dividend per share MRQ of 26.2 cents. Year-over-year, the dividend per share has decreased by -6.0333 cents, while the trailing twelve months dividend per share is $3.12.
Recently graded by Citigroup on April 24th, ADC's stock was rated as "Neutral," maintaining the previous grade. The current price stands at $77.14 with a recommendation to "hold."
ADC's operating cash flow amounts to $145.16 million, with a net change in cash of $10.58 million. The company ended the period with $31.20 million in cash.
Revenue for ADC is reported at $200.81 million, with a gross profit of $175.90 million. The company's net income stands at $62.23 million, with an EPS of 50 cents.
Key ratios for ADC include a gross profit margin of 87.6%, a net profit margin of 31%, and a return on equity of 1.
ADC's total assets amount to $10.18 billion, with total liabilities at $3.95 billion, and net debt at $3.26 billion.
This comprehensive analysis provides insights into ADC's financial performance and market standing.
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.