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Agree Realty (ADC) Stock Forecast, Price & News

$57.14
-1.58 (-2.69%)
(As of 09/21/2023 ET)
Compare
Today's Range
$57.01
$58.83
50-Day Range
$57.14
$69.07
52-Week Range
$57.01
$75.71
Volume
850,616 shs
Average Volume
942,316 shs
Market Capitalization
$5.50 billion
P/E Ratio
32.47
Dividend Yield
5.11%
Price Target
$75.06

Agree Realty MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
30.4% Upside
$74.50 Price Target
Short Interest
Healthy
2.78% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.48mentions of Agree Realty in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$3.38 M Bought Last Quarter
Proj. Earnings Growth
4.05%
From $3.95 to $4.11 Per Share

Overall MarketRank

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

2.84 out of 5 stars

Finance Sector

43rd out of 837 stocks

Real Estate Investment Trusts Industry

5th out of 179 stocks


ADC stock logo

About Agree Realty (NYSE:ADC) Stock

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 June 30, 2023, the Company owned and operated a portfolio of 2,004 properties, located in 49 states and containing approximately 41.7 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 Price History

ADC Stock News Headlines

Agree Realty Promotes Nicole Witteveen To COO
U.S. "Shadow Banks" About to Blow up again?
Analyst who called Lehman crash says our biggest calamities (1907, 1929, 2007, etc) all start in the same spot--and it’s about to happen again. More here.
Agree Realty: Buy The Dip For The 4.8% Yield
Got $2,000? 2 Simple Stocks to Buy Right Now
U.S. "Shadow Banks" About to Blow up again?
Analyst who called Lehman crash says our biggest calamities (1907, 1929, 2007, etc) all start in the same spot--and it’s about to happen again. More here.
Mizuho Securities Reaffirms Their Buy Rating on Agree Realty (ADC)
Agree Realty: A Great Time To Buy The Dip
Net Lease REITs In A New Era
RBC Capital Sticks to Their Buy Rating for Agree Realty (ADC)
Agree Realty: A Perfect Tenant Replacement Stock
2 Top Real Estate Stocks to Buy In July
AGL.F - Agree Realty Corporation
See More Headlines
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ADC Company Calendar

Last Earnings
5/05/2023
Ex-Dividend for 9/14 Dividend
8/30/2023
Dividend Payable
9/14/2023
Today
9/21/2023
Ex-Dividend for 10/13 Dividend
9/28/2023
Dividend Payable
10/13/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

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 Forecast
$74.50
High Stock Price Forecast
$81.00
Low Stock Price Forecast
$67.00
Forecasted Upside/Downside
+31.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$152.44 million
Pretax Margin
33.82%

Debt

Sales & Book Value

Annual Sales
$429.81 million
Cash Flow
$3.55 per share
Book Value
$50.30 per share

Miscellaneous

Free Float
94,729,000
Market Cap
$5.50 billion
Optionable
Optionable
Beta
0.45

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Key Executives

  • Mr. Richard A. AgreeMr. Richard A. Agree (Age 79)
    Exec. Chairman
  • Mr. Joel N. AgreeMr. Joel N. Agree (Age 44)
    Pres, CEO & Director
    Comp: $3.99M
  • Mr. Peter CoughenourMr. Peter Coughenour (Age 30)
    CFO, Sec. & Investor Relations Professional
    Comp: $890.66k
  • Mr. Craig ErlichMr. Craig Erlich (Age 55)
    Chief Operating Officer
    Comp: $1.06M
  • Ms. Danielle M. Spehar (Age 55)
    Gen. Counsel
    Comp: $781.18k
  • Ms. Nicole Witteveen (Age 33)
    Exec. VP of People & Culture and Chief of Staff
    Comp: $435.75k
  • Mr. Stephen BreslinMr. Stephen Breslin
    Chief Accounting Officer
  • Mr. Brian Michael Hawthorne
    Director of Corp. Fin.
  • Mr. Larry Kaufman
    Chief Information Officer & VP of Continuous Improvement
  • Mr. Josh Bratton
    Director of Devel.













ADC Stock - Frequently Asked Questions

Should I buy or sell Agree Realty stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ADC shares.
View ADC analyst ratings
or view top-rated stocks.

What is Agree Realty's stock price forecast for 2023?

9 brokers have issued 1-year price targets for Agree Realty's shares. Their ADC share price forecasts range from $67.00 to $81.00. On average, they predict the company's stock price to reach $74.50 in the next year. This suggests a possible upside of 30.4% 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 2023?

Agree Realty's stock was trading at $70.93 at the start of the year. Since then, ADC stock has decreased by 19.4% and is now trading at $57.14.
View the best growth stocks for 2023 here
.

Are investors shorting Agree Realty?

Agree Realty saw a increase in short interest in August. As of August 31st, there was short interest totaling 2,680,000 shares, an increase of 5.5% from the August 15th total of 2,540,000 shares. Based on an average daily volume of 1,030,000 shares, the days-to-cover ratio is currently 2.6 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, November 7th 2023.
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 for the quarter, missing the consensus estimate of $0.96 by $0.52. The real estate investment trust earned $126.62 million during the quarter, compared to the consensus estimate of $124.55 million. Agree Realty had a net margin of 33.71% and a trailing twelve-month return on equity of 3.74%. During the same quarter in the previous year, the company posted $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, September 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.243 per share on Friday, October 13th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for ADC
.

Is Agree Realty a good dividend stock?

Agree Realty (NYSE:ADC) pays an annual dividend of $2.92 per share and currently has a dividend yield of 4.96%. 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 165.91%. 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 71.05% 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).

What is Agree Realty's stock symbol?

Agree Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "ADC."

Who are Agree Realty's major shareholders?

Agree Realty's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (11.70%), Principal Financial Group Inc. (6.14%), State Street Corp (5.12%), Centersquare Investment Management LLC (3.40%), Geode Capital Management LLC (1.75%) and JPMorgan Chase & Co. (1.53%). 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, Stephen Breslin and William S Rubenfaer.
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.

What is Agree Realty's stock price today?

One share of ADC stock can currently be purchased for approximately $57.14.

How much money does Agree Realty make?

Agree Realty (NYSE:ADC) has a market capitalization of $5.50 billion and generates $429.81 million in revenue each year. The real estate investment trust earns $152.44 million in net income (profit) each year or $1.76 on an earnings per share basis.

How can I contact Agree Realty?

Agree Realty's mailing address is 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI, 48304. The official website for the company is www.agreerealty.com. The real estate investment trust can be reached via phone at (248) 737-4190, via email at investor@agreerealty.com, or via fax at 248-737-9110.

This page (NYSE:ADC) was last updated on 9/21/2023 by MarketBeat.com Staff

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