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Investing.com - UBS raised its price target on Agree Realty (NYSE:ADC) to $82.00 from $80.00 on Tuesday, while maintaining a Buy rating on the real estate investment trust. The company, currently trading at $72.50 with a market capitalization of $8.05 billion, has demonstrated strong dividend performance with 12 consecutive years of increases and a current yield of 4.22%. InvestingPro analysis indicates the stock is trading above its Fair Value.
The price target increase follows Agree Realty’s decision to raise its 2025 AFFO (Adjusted Funds From Operations) guidance midpoint by $0.02 and its acquisition midpoint by $100 million with its second-quarter 2025 earnings.
UBS noted that Agree Realty’s high portfolio occupancy of 99.6% and strengthened liquidity position, including $1.3 billion in outstanding forward equity, were key factors supporting the improved outlook.
The investment bank highlighted that Agree Realty has visibility into accelerated investment volumes in the second half of 2025, with the third quarter expected to be the company’s highest volume quarter year to date.
This projected activity increase spans all three of Agree Realty’s external growth segments - acquisitions, developments, and Developer Funding Projects (DFP).
In other recent news, Agree Realty Corporation reported its financial results for the second quarter of 2025. The company experienced a modest miss on earnings per share (EPS), reporting $0.43 compared to the $0.45 forecast by analysts. However, revenue slightly exceeded expectations, reaching $175.53 million against the anticipated $173.17 million. These developments reflect the company’s ongoing performance in the market. Despite the EPS miss, the revenue beat indicates a positive aspect of the financial results. Such financial outcomes often influence investor sentiment and market reactions. The company’s stock showed a positive market reaction following the announcement. These recent developments are crucial for investors monitoring Agree Realty’s financial health.
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