Top-Rated Dividend StocksTop-Rated Dividend Agree Realty Stock Price, News & Analysis (NYSE:ADC) $61.50 +1.39 (+2.31%) (As of 12/4/2023 ET) Add Compare Share Share Today's Range$60.04▼$61.6150-Day Range$53.86▼$61.5052-Week Range$52.69▼$75.71Volume1.27 million shsAverage Volume931,777 shsMarket Capitalization$6.18 billionP/E Ratio35.96Dividend Yield4.81%Price Target$70.44 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Agree Realty MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.89 Rating ScoreUpside/Downside14.5% Upside$70.44 Price TargetShort InterestHealthy1.57% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.66Based on 5 Articles This WeekInsider TradingAcquiring Shares$3.71 M Bought Last QuarterProj. Earnings Growth3.29%From $3.95 to $4.08 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector187th out of 822 stocksReal Estate Investment Trusts Industry35th out of 174 stocks 2.4 Analyst's Opinion Consensus RatingAgree Realty has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $70.44, Agree Realty has a forecasted upside of 14.5% from its current price of $61.50.Amount of Analyst CoverageAgree Realty has only been the subject of 4 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.57% of the outstanding shares of Agree Realty have been sold short.Short Interest Ratio / Days to CoverAgree Realty has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Agree Realty has recently decreased by 4.24%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend LeadershipAgree Realty is a leading dividend payer. It pays a dividend yield of 4.93%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAgree Realty has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Agree Realty is 173.10%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Agree Realty will have a dividend payout ratio of 72.55% next year. This indicates that Agree Realty will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ADC. Previous Next 2.0 News and Social Media Coverage News SentimentAgree Realty has a news sentiment score of 0.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Agree Realty this week, compared to 4 articles on an average week.Search InterestOnly 8 people have searched for ADC on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Agree Realty to their MarketBeat watchlist in the last 30 days. This is a decrease of -57% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Agree Realty insiders have bought more of their company's stock than they have sold. Specifically, they have bought $3,714,810.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.60% of the stock of Agree Realty is held by insiders.Percentage Held by Institutions97.83% of the stock of Agree Realty is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Agree Realty are expected to grow by 3.29% in the coming year, from $3.95 to $4.08 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Agree Realty is 35.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.47.Price to Earnings Ratio vs. SectorThe P/E ratio of Agree Realty is 35.96, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.52.Price to Earnings Growth RatioAgree Realty has a PEG Ratio of 2.41. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAgree Realty has a P/B Ratio of 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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".Read More ADC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ADC Stock News HeadlinesDecember 3, 2023 | seekingalpha.comAgree Realty: 4.9% Yield, Monthly Payer, Great PreferredsNovember 28, 2023 | americanbankingnews.comAgree Realty (NYSE:ADC) Price Target Cut to $62.00 by Analysts at Truist FinancialDecember 4, 2023 | Wealthpress (Ad)Trading Experts Call It “The Perfect Tesla Trade”Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.November 11, 2023 | morningstar.comAgree Realty Corp ADCNovember 7, 2023 | seekingalpha.comAgree Realty: Technical Rebound And Financial Growth Signal Strong BuyNovember 6, 2023 | seekingalpha.comAgree Realty And NNN REIT Q3: Solid Earnings Shows Why Both SWANs Are Great Buys Right NowOctober 26, 2023 | insidermonkey.comAgree Realty Corporation (NYSE:ADC) Q3 2023 Earnings Call TranscriptOctober 26, 2023 | finance.yahoo.comQ3 2023 Agree Realty Corp Earnings CallDecember 4, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. October 25, 2023 | finance.yahoo.comAgree Realty (ADC) Q3 2023 Earnings Call TranscriptOctober 24, 2023 | finance.yahoo.comAgree Realty (ADC) Q3 Earnings: Taking a Look at Key Metrics Versus EstimatesOctober 24, 2023 | msn.comAgree Realty Q3 FFO beats by a penny; acquisition guidance dimmed a touchOctober 24, 2023 | finance.yahoo.comAgree Realty Corp (ADC) Reports Record Investment Grade Exposure in Q3 2023 EarningsOctober 24, 2023 | finance.yahoo.comAgree Realty Corporation Reports Third Quarter 2023 ResultsOctober 16, 2023 | markets.businessinsider.comJanney Montgomery Reaffirms Their Buy Rating on Agree Realty (ADC)October 2, 2023 | finance.yahoo.comAgree Realty Announces Third Quarter 2023 Earnings Release Date and Conference Call InformationSeptember 28, 2023 | seekingalpha.comAgree Realty: One Of The Best Picks For A High Interest Rate EnvironmentSeptember 27, 2023 | msn.comYou Can Buy This REIT Below What Company Insiders PaidSeptember 27, 2023 | finance.yahoo.comInsider Buying: Director John Rakolta Acquires 20,000 Shares of Agree Realty CorpSeptember 25, 2023 | finance.yahoo.comDirector John Rakolta Buys 30,000 Shares of Agree Realty CorpSeptember 20, 2023 | markets.businessinsider.comRobust Growth and Strategic Tenant Relationships: A Buy Recommendation for Agree Realty’s StockSeptember 19, 2023 | markets.businessinsider.comAgree Realty Promotes Nicole Witteveen To COOSeptember 14, 2023 | msn.comAgree Realty: The Monthly Payer Is Absolutely Cheap But Relatively ExpensiveSeptember 8, 2023 | seekingalpha.comAgree Realty: Buy The Dip For The 4.8% YieldAugust 29, 2023 | msn.comHigh Annualized Upside From Agree Realty At A Low ValuationAugust 25, 2023 | finance.yahoo.comGot $2,000? 2 Simple Stocks to Buy Right NowAugust 21, 2023 | nasdaq.comTruist Securities Maintains Agree Realty (ADC) Buy RecommendationSee More Headlines Receive ADC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Agree Realty and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/05/2023Ex-Dividend for 11/14 Dividend10/30/2023Dividend Payable11/14/2023Ex-Dividend for 12/14 Dividend11/29/2023Today12/04/2023Dividend Payable12/14/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/13/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryRetail REITs SectorFinance Current SymbolNYSE:ADC CUSIP00849210 CIK917251 Webwww.agreerealty.com Phone(248) 737-4190Fax248-737-9110Employees76Year Founded1971Price 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 RatingModerate Buy Rating Score (0-4)2.89 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$1.71 Trailing P/E Ratio35.96 Forward P/E Ratio15.57 P/E Growth2.41Net Income$152.44 million Net Margins32.35% Pretax Margin32.46% Return on Equity3.48% Return on Assets2.31% Debt Debt-to-Equity Ratio0.44 Current Ratio0.64 Quick Ratio0.64 Sales & Book Value Annual Sales$429.81 million Price / Sales14.38 Cash Flow$3.74 per share Price / Cash Flow16.46 Book Value$50.30 per share Price / Book1.22Miscellaneous Outstanding Shares100,520,000Free Float98,912,000Market Cap$6.18 billion OptionableOptionable Beta0.53 Social Links 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Richard A. Agree (Age 79)Executive Chairman of the Board Mr. Joel N. Agree (Age 44)President, CEO & Director Comp: $3.99MMr. Peter Coughenour (Age 30)CFO, Secretary & Investor Relations Professional Comp: $890.66kMs. Nicole Witteveen (Age 33)Chief Operating Officer Comp: $435.75kMs. Danielle M. Spehar (Age 55)General Counsel Comp: $781.18kMr. Craig Erlich (Age 56)Chief Growth Officer Comp: $1.06MMr. Stephen BreslinChief Accounting OfficerMr. Brian Michael HawthorneDirector of Corporate FinanceMr. Larry KaufmanChief Information Officer & VP of Continuous ImprovementMr. Josh BrattonDirector of DevelopmentMore ExecutivesKey CompetitorsKite Realty Group TrustNYSE:KRGNNN REITNYSE:NNNFederal Realty Investment TrustNYSE:FRTTanger Factory Outlet CentersNYSE:SKTMacerichNYSE:MACView All CompetitorsInsiders & InstitutionsAmerican Century Companies Inc.Bought 151,711 shares on 11/30/2023Ownership: 0.720%Deutsche Bank AGSold 583,121 shares on 11/24/2023Ownership: 2.519%Graham Capital Management L.P.Bought 3,636 shares on 11/22/2023Ownership: 0.004%Walleye Capital LLCSold 342,991 shares on 11/21/2023Ownership: 0.013%Creative PlanningSold 257 shares on 11/16/2023Ownership: 0.015%View All Insider TransactionsView All Institutional Transactions 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 ETFs hold Agree Realty's stock? ETFs with the largest weight of Agree Realty (NYSE:ADC) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), ALPS Active REIT ETF (REIT), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), JPMorgan Active Small Cap Value ETF (JPSV), Invesco S&P MidCap Low Volatility ETF (XMLV), Cambria Global Real Estate ETF (BLDG) and iShares US Credit Bond ETF (CRED). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Agree Realty Co. 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