Agree Realty Corporation (ADC, Financial) has announced a monthly cash dividend of $0.253 per common share for the first quarter of 2025 in January, February, and March. This decision brings the annualized dividend to $3.036 per common share, marking a 2.4% increase compared to the previous year's annualized dividend of $2.964 per share during the same period.
The declared dividends align with payout ratios of approximately 73% of Core Funds From Operations (Core FFO) and 72% of Adjusted Funds From Operations (AFFO) per share, showcasing the company’s commitment to returning value to its investors. Additionally, Agree Realty has enhanced its dividend offering for the month of April, increasing it to $0.256 per share. This new monthly dividend reflects an annualized rate of $3.072 per share, representing a 2.4% increase from the prior year's second-quarter rate of $3.00.
The April dividend is set to be distributed on May 14 to shareholders recorded by the close of business on April 30. Furthermore, the company has declared a monthly cash dividend on its Series A Cumulative Redeemable Preferred Stock, amounting to $0.08854 per depositary share, which equates to an annual payout of $1.0625. This preferred stock dividend will be paid on May 1 to shareholders recorded by April 21.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Agree Realty Corp (ADC, Financial) is $80.30 with a high estimate of $88.00 and a low estimate of $75.00. The average target implies an upside of 1.49% from the current price of $79.12. More detailed estimate data can be found on the Agree Realty Corp (ADC) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Agree Realty Corp's (ADC, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Agree Realty Corp (ADC, Financial) in one year is $82.11, suggesting a upside of 3.78% from the current price of $79.12. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Agree Realty Corp (ADC) Summary page.
