Fiserv earnings missed by $0.61, revenue fell short of estimates
Investing.com - Stifel raised its price target on Agree Realty (NYSE:ADC) to $81.00 from $80.75 while maintaining a Buy rating after the company reported better-than-expected third-quarter results. According to InvestingPro data, ADC maintains an impressive 32-year streak of consistent dividend payments and currently offers a 4.2% dividend yield. The stock’s overall financial health score is rated as "GREAT" by InvestingPro analysts.
Agree Realty posted third-quarter adjusted funds from operations (AFFO) of $1.10 per share, representing 7.0% year-over-year growth and exceeding Stifel’s estimate by $0.01 and the Street consensus by $0.02.
The company’s Core FFO came in at $1.09 per share, up 8.0% year-over-year, surpassing Stifel’s projection by $0.02 and the Street’s forecast by $0.03.
Stifel noted that the earnings beat was primarily driven by higher lease termination fees during the quarter.
The modest price target increase reflects Stifel’s continued confidence in Agree Realty’s financial performance and growth trajectory.
In other recent news, Agree Realty Corporation reported its second-quarter earnings for 2025, highlighting a stable financial performance. The company has raised its full-year adjusted funds from operations (AFFO) per share guidance to a range between $4.29 and $4.32. This adjustment reflects the company’s confidence in its growth strategy. Additionally, Agree Realty’s strategic initiatives and strong liquidity position suggest a positive outlook for the company. These developments are part of the company’s ongoing efforts to enhance its financial standing. Investors may find the revised AFFO guidance particularly noteworthy as it indicates potential growth. The company’s recent earnings call emphasized the importance of these strategic moves in maintaining a steady trajectory.
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