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NYSE:ADC

Agree Realty (ADC) Stock Price, News & Analysis

$59.77
-0.42 (-0.70%)
(As of 12:20 PM ET)
Today's Range
$59.61
$60.00
50-Day Range
$54.90
$60.75
52-Week Range
$52.69
$69.26
Volume
240,745 shs
Average Volume
982,573 shs
Market Capitalization
$6.01 billion
P/E Ratio
35.16
Dividend Yield
5.02%
Price Target
$65.83

Agree Realty MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
9.4% Upside
$65.83 Price Target
Short Interest
Healthy
3.72% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.23mentions of Agree Realty in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$912,898 Bought Last Quarter
Proj. Earnings Growth
2.43%
From $4.11 to $4.21 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.19 out of 5 stars

Finance Sector

456th out of 854 stocks

Real Estate Investment Trusts Industry

93rd out of 180 stocks

ADC stock logo

About Agree Realty Stock (NYSE:ADC)

Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated a portfolio of 2,135 properties, located in 49 states and containing approximately 44.2 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".

ADC Stock Price History

ADC Stock News Headlines

Very Good News About Realty Income
Agree Realty (NYSE:ADC) Upgraded to "Hold" at StockNews.com
The Analyst Verdict: Agree Realty In The Eyes Of 7 Experts
The 3 Most Undervalued REITs to Buy in May 2024
Agree Realty Exceeds Expectations
Q1 2024 Agree Realty Corp Earnings Call
See More Headlines
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Company Calendar

Last Earnings
5/05/2023
Ex-Dividend for 5/14 Dividend
4/29/2024
Dividend Payable
5/14/2024
Today
5/23/2024
Ex-Dividend for 6/14 Dividend
5/30/2024
Dividend Payable
6/14/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
00849210
Employees
72
Year Founded
1971

Price Target and Rating

Average Stock Price Target
$65.83
High Stock Price Target
$71.00
Low Stock Price Target
$62.00
Potential Upside/Downside
+10.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$169.96 million
Pretax Margin
31.01%

Debt

Sales & Book Value

Annual Sales
$537.49 million
Cash Flow
$3.76 per share
Book Value
$49.73 per share

Miscellaneous

Free Float
98,815,000
Market Cap
$6.01 billion
Optionable
Optionable
Beta
0.52

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ADC Stock Analysis - Frequently Asked Questions

Should I buy or sell Agree Realty stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ADC shares.
View ADC analyst ratings
or view top-rated stocks.

What is Agree Realty's stock price target for 2024?

9 analysts have issued 12 month price objectives for Agree Realty's shares. Their ADC share price targets range from $62.00 to $71.00. On average, they anticipate the company's share price to reach $65.83 in the next twelve months. This suggests a possible upside of 9.4% from the stock's current price.
View analysts price targets for ADC
or view top-rated stocks among Wall Street analysts.

How have ADC shares performed in 2024?

Agree Realty's stock was trading at $62.95 on January 1st, 2024. Since then, ADC stock has decreased by 4.4% and is now trading at $60.19.
View the best growth stocks for 2024 here
.

Are investors shorting Agree Realty?

Agree Realty saw a decrease in short interest in April. As of April 30th, there was short interest totaling 3,740,000 shares, a decrease of 7.4% from the April 15th total of 4,040,000 shares. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is currently 3.6 days.
View Agree Realty's Short Interest
.

When is Agree Realty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our ADC earnings forecast
.

How were Agree Realty's earnings last quarter?

Agree Realty Co. (NYSE:ADC) posted its quarterly earnings data on Friday, May, 5th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.96 by $0.52. The real estate investment trust had revenue of $126.62 million for the quarter, compared to analysts' expectations of $124.55 million. Agree Realty had a trailing twelve-month return on equity of 3.48% and a net margin of 30.91%. During the same period in the previous year, the business earned $0.97 earnings per share.

How often does Agree Realty pay dividends? What is the dividend yield for Agree Realty?

Agree Realty announced a monthly dividend on Tuesday, May 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.25 per share on Friday, June 14th. This represents a $3.00 annualized dividend and a dividend yield of 4.98%. The ex-dividend date is Thursday, May 30th.
Read our dividend analysis for ADC
.

Is Agree Realty a good dividend stock?

Agree Realty (NYSE:ADC) pays an annual dividend of $3.00 per share and currently has a dividend yield of 4.94%. ADC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 176.47%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ADC will have a dividend payout ratio of 71.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ADC.

What guidance has Agree Realty issued on next quarter's earnings?

Agree Realty updated its FY 2024 earnings guidance on Tuesday, April, 23rd. The company provided EPS guidance of 4.100-4.130 for the period, compared to the consensus EPS estimate of 4.070. The company issued revenue guidance of -.

What is Richard Agree's approval rating as Agree Realty's CEO?

1 employees have rated Agree Realty Chief Executive Officer Richard Agree on Glassdoor.com. Richard Agree has an approval rating of 100% among the company's employees. This puts Richard Agree in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Agree Realty own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Agree Realty investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Accenture (ACN), Charles Schwab (SCHW), AutoZone (AZO), Hudson Technologies (HDSN), Och-Ziff Capital Management Group (OZM) and Vicor (VICR).

Who are Agree Realty's major shareholders?

Agree Realty's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.39%), Principal Financial Group Inc. (5.64%), Centersquare Investment Management LLC (3.45%), Long Pond Capital LP (2.85%), Janus Henderson Group PLC (1.54%) and Daiwa Securities Group Inc. (1.16%). Insiders that own company stock include Craig Erlich, Greg Lehmkuhl, Joey Agree, John Rakolta Jr, Merrie S Frankel, Merrie S Frankel, Peter Coughenour, Richard Agree and Stephen Breslin.
View institutional ownership trends
.

How do I buy shares of Agree Realty?

Shares of ADC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ADC) was last updated on 5/23/2024 by MarketBeat.com Staff

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