Agree Realty Co. (NYSE:ADC) declared a quarterly dividend on Thursday, December 5th, Wall Street Journal reports. Investors of record on Friday, December 20th will be given a dividend of 0.585 per share by the real estate investment trust on Friday, January 3rd. This represents a $2.34 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, December 19th. This is an increase from Agree Realty’s previous quarterly dividend of $0.57.
NYSE:ADC traded down $1.08 during midday trading on Thursday, hitting $72.69. 329,540 shares of the company were exchanged, compared to its average volume of 298,759. Agree Realty has a fifty-two week low of $56.46 and a fifty-two week high of $79.54. The company has a market capitalization of $3.17 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 4.14 and a beta of -0.03. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $75.56 and a 200 day simple moving average of $70.93.
Agree Realty (NYSE:ADC) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $48.08 million during the quarter, compared to the consensus estimate of $47.28 million. Agree Realty had a net margin of 40.18% and a return on equity of 5.16%. As a group, equities research analysts expect that Agree Realty will post 3.06 EPS for the current year.
Agree Realty Company Profile
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 March 31, 2019, the Company owned and operated a portfolio of 694 properties, located in 46 states and containing approximately 11.9 million square feet of gross leasable space.
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