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Agree Realty Stock Price, News & Analysis (NYSE:ADC)

$61.50
+1.39 (+2.31%)
(As of 12/4/2023 ET)
Compare
Today's Range
$60.04
$61.61
50-Day Range
$53.86
$61.50
52-Week Range
$52.69
$75.71
Volume
1.27 million shs
Average Volume
931,777 shs
Market Capitalization
$6.18 billion
P/E Ratio
35.96
Dividend Yield
4.81%
Price Target
$70.44

Agree Realty MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
14.5% Upside
$70.44 Price Target
Short Interest
Healthy
1.57% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.66mentions of Agree Realty in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$3.71 M Bought Last Quarter
Proj. Earnings Growth
3.29%
From $3.95 to $4.08 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Finance Sector

187th out of 822 stocks

Real Estate Investment Trusts Industry

35th out of 174 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 September 30, 2023, the Company owned and operated a portfolio of 2,084 properties, located in 49 states and containing approximately 43.2 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

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Agree Realty (ADC) Q3 2023 Earnings Call Transcript
Janney Montgomery Reaffirms Their Buy Rating on Agree Realty (ADC)
Agree Realty Promotes Nicole Witteveen To COO
Agree Realty: Buy The Dip For The 4.8% Yield
Got $2,000? 2 Simple Stocks to Buy Right Now
See More Headlines
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Company Calendar

Last Earnings
5/05/2023
Ex-Dividend for 11/14 Dividend
10/30/2023
Dividend Payable
11/14/2023
Ex-Dividend for 12/14 Dividend
11/29/2023
Today
12/04/2023
Dividend Payable
12/14/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/13/2024

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
00849210
Employees
76
Year Founded
1971

Price Target and Rating

Average Stock Price Target
$70.44
High Stock Price Target
$81.00
Low Stock Price Target
$62.00
Potential Upside/Downside
+14.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
$152.44 million
Pretax Margin
32.46%

Debt

Sales & Book Value

Annual Sales
$429.81 million
Cash Flow
$3.74 per share
Book Value
$50.30 per share

Miscellaneous

Free Float
98,912,000
Market Cap
$6.18 billion
Optionable
Optionable
Beta
0.53

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ADC Stock Analysis - Frequently Asked Questions

Should I buy or sell Agree Realty stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 2 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 brokers have issued 12-month target prices for Agree Realty's shares. Their ADC share price targets range from $62.00 to $81.00. On average, they expect the company's share price to reach $70.44 in the next year. This suggests a possible upside of 14.5% 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 2023?

Agree Realty's stock was trading at $70.93 at the start of the year. Since then, ADC shares have decreased by 13.3% and is now trading at $61.50.
View the best growth stocks for 2023 here
.

Are investors shorting Agree Realty?

Agree Realty saw a increase in short interest in October. As of October 31st, there was short interest totaling 1,650,000 shares, an increase of 55.7% from the October 15th total of 1,060,000 shares. Based on an average daily trading volume, of 839,400 shares, the days-to-cover ratio is currently 2.0 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, February 13th 2024.
View our ADC earnings forecast
.

How were Agree Realty's earnings last quarter?

Agree Realty Co. (NYSE:ADC) released its earnings results on Friday, May, 5th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by $0.52. The real estate investment trust had revenue of $126.62 million for the quarter, compared to analyst estimates of $124.55 million. Agree Realty had a trailing twelve-month return on equity of 3.48% and a net margin of 32.35%. During the same period in the previous year, the business posted $0.97 EPS.

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

Agree Realty declared a monthly dividend on Thursday, November 9th. Investors of record on Thursday, November 30th will be given a dividend of $0.247 per share on Thursday, December 14th. This represents a $2.96 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Wednesday, November 29th.
Read our dividend analysis for ADC
.

Is Agree Realty a good dividend stock?

Agree Realty (NYSE:ADC) pays an annual dividend of $2.96 per share and currently has a dividend yield of 4.93%. 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 173.10%. 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 72.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ADC.

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 retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (5.91%), Deutsche Bank AG (2.52%), Deutsche Bank AG (2.52%), Invesco Ltd. (2.15%), Charles Schwab Investment Management Inc. (1.37%) and Bank of New York Mellon Corp (1.31%). 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, Simon Leopold 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:ADC) was last updated on 12/4/2023 by MarketBeat.com Staff

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