Agree Realty (NYSE:ADC) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.06, Fidelity Earnings reports. Agree Realty had a net margin of 39.76% and a return on equity of 5.19%. The business had revenue of $48.08 million during the quarter, compared to the consensus estimate of $47.28 million.
Shares of ADC stock traded down $0.46 on Tuesday, reaching $76.56. 3,398 shares of the company were exchanged, compared to its average volume of 220,813. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 4.24 and a beta of 0.01. The business has a 50-day moving average price of $73.95 and a 200 day moving average price of $69.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.42 and a current ratio of 0.42. Agree Realty has a 1 year low of $53.00 and a 1 year high of $77.21.
The business also recently announced a — dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.57 per share. The ex-dividend date was Thursday, September 26th. This represents a dividend yield of 3.1%. Agree Realty’s dividend payout ratio is currently 80.00%.
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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